New search
Property profile & analytics
OFF-MARKET
Estimated value
$7,290,000
Hotels
2105 State Rte 208, Montgomery, NY 12549-2640
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-0873374
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2013
Total area
48,131 SF
Lot
2.8 ac (121,968 SF)
Zoning code
B4
APN
334289 29-1-24.2
UPID
US63-0873374
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.27M
CAP Approach
CAP
$5.57M
Comparable Approach
Comparable
$5.68M
Blend (final)
Blend
$7.29M
Owner & transaction history
Grapnel LLC · 6 yrs held
Grapnel LLC
since 2020
Last sale
$7.4M
7 recorded transactions
Zoning & alternative use
B4 · Montgomery, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.5M
+90.4%
Restaurant
$6.0M
+77.0%
Office building
$4.7M
+39.0%
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 Montgomery submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montgomery 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
$9,505,000
ML approach
$8,270,000
CAP Approach
CAP Return
Estimation
6%
$6,035,000
6.5%
$5,570,000
7%
$5,175,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,485,000
Change: +90% · Conversion: Difficult
RESTAURANT
$6,030,000
Change: +77% · Conversion: Difficult
OFFICE BUILDING
$4,735,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$7.29M
Range $6.56M – $8.02M · ±10% · vs last sale $7.35M (Jan 31 2020)
Last sale anchor
$7.35M
Jan 31 2020
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
$151 / 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
$4,116,000
Assessed 2023
Previous assessed
$4,116,000
+0.0% YoY
Assessed land
$280,000
Assessed improvement
$3,836,000
Land market value
$666,667
Improvement market value
$9,133,333
Total market value
$9,800,000
Applied tax rate
334,201.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2013
Heating
HOT WATER
Cooling
CENTRAL
Buildings
1
Stories
3
Rooms
6
Bathrooms
1
Total area
48,131 SF
Lot
2.8 ac (121,968 SF)
Zoning code
B4
APN
334289 29-1-24.2
UPID
US63-0873374
Jurisdiction
ORANGE
Zoning & alternative use
B4 · Montgomery, NY
Zoning B4 · permitted uses
B4 · Montgomery, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Montgomery. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$6.5M
RESTAURANT
Est. value
$6.0M
OFFICE BUILDING
Est. value
$4.7M
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
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
2013
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Rooms
6
Bathrooms
1
Lot
2.8 ac
Current owner
From public records · entity-resolved
Grapnel LLC
Entity
Mailing address
776 MTN BLVD, WATCHUNG, NJ 07069-6269
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2020
$7,350,000
Grapnel LLC
Goodwill Properties LLC
Deed
$847,442 · Orange B&t Co
Jan 31, 2020
—
Grapnel LLC
—
Deed
related
$5,950,000 · Orange Bk&tr Co
Jan 21, 2010
—
Goodwill Propse LLC
Devitt,f Edward
Grant Deed
related
—
Aug 26, 2004
—
F E Devitt
Devitt,mary C
Quit Claim Deed
related
—
—
—
Grapnel LLC
—
Deed Of Trust
related
$847,442 · Orange Bk&tr Co
—
—
Grapnel LLC
—
Deed Of Trust
related
$600,000 · Goodwill Properties LLC
—
—
Goodwill Properties LLC
—
Loan Modification
related
$6,075,000 · Orange Cnty Tr
—
—
Grapnel LLC
—
Loan Modification
related
$5,950,000 · Orange Bk&tr Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2105 State Rte 208?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
