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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Motels
2 Oberferst St, Liberty, NY 12754-1810
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-1053822
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1955
Total area
8,572 SF
Lot
0.98 ac (42,689 SF)
Zoning code
M
APN
483601 113.-1-12
UPID
US63-1053822
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Budget Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
$845k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$850k
Owner & transaction history
Heni Budget Hospitali LLC · 2 yrs held
Heni Budget Hospitali LLC
since 2024
Last sale
$850,000
4 recorded transactions
Zoning & alternative use
M · Liberty, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$760,000
+31.1%
Auto repair, garage
$760,000
+30.9%
Medical building
$670,000
+15.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Liberty submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Liberty submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$850,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
$915,000
6.5%
$845,000
7%
$785,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$580,000
Current use
RESTAURANT
$760,000
Change: +31% · Conversion: Difficult
AUTO REPAIR, GARAGE
$760,000
Change: +31% · Conversion: Difficult
MEDICAL BUILDING
$670,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$640,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$570,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$520,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (Apr 16 2024)
Last sale anchor
$850k
Apr 16 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$99 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Assessed value
$288,300
Assessed 2023
Previous assessed
$288,300
+0.0% YoY
Assessed land
$14,500
Assessed improvement
$273,800
Land market value
$29,376
Improvement market value
$554,700
Total market value
$584,076
Applied tax rate
483,601.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
1955
Heating
NONE
Buildings
1
Stories
2
Total area
8,572 SF
Lot
0.98 ac (42,689 SF)
Zoning code
M
APN
483601 113.-1-12
UPID
US63-1053822
Jurisdiction
SULLIVAN
Zoning & alternative use
M · Liberty, NY
Zoning M · permitted uses
M · Liberty, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Liberty. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$580,000
RESTAURANT
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$760,000
MEDICAL BUILDING
Est. value
$670,000
COMMERCIAL (GENERAL)
Est. value
$640,000
OFFICE BUILDING
Est. value
$570,000
RETAIL STORES
Est. value
$520,000
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Stories
2
Buildings
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Heni Budget Hospitali LLC
Entity
Free & Clear · 2 yrs held
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2024
$850,000
Heni Budget Hospitali LLC
Ai Shree Khodiyar Maa INC
Deed
—
May 2, 2016
$290,200
Ai Shree Khodiyar Maa INC
Matrushree INC
Grant Deed
$580,000 · Noah Bk
Jun 25, 2010
$288,000
Matrushree INC
Devin Gigi Corp
Grant Deed
—
Sep 25, 2002
$263,000
Devin Gigi Corp
Budget Inn INC
Grant Deed
$375,000 · Gerstman Kelson & Coffill
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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