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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Motels
228 Dune Rd, Westhampton Beach, NY 11978
Individually Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-2090561
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2003
Total area
8,200 SF
Lot
3.1 ac (135,036 SF)
Zoning code
R3
APN
0905-019.00-07.00-013.002
UPID
US63-2090561
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
by Request
CAP Approach
CAP
$765k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$785k
Owner & transaction history
Westhampton B · 18 yrs held
Westhampton B
since 2007
2 recorded transactions
Zoning & alternative use
R3 · Westhampton Beach, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.2M
+64.4%
Auto repair, garage
$1.1M
+55.1%
Warehouse, storage
$745,000
+2.9%
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 Westhampton Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westhampton Beach 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$830,000
6.5%
$765,000
7%
$710,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$725,000
Current use
INDUSTRIAL (GENERAL)
$1,190,000
Change: +64% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,125,000
Change: +55% · Conversion: Difficult
WAREHOUSE, STORAGE
$745,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$635,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±10%
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
$96 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$32,435
Tax year 2020
Assessed value
$4,307,100
Assessed 2023
Previous assessed
$3,892,285
+10.7% YoY
Effective rate
0.75%
On assessed value
Assessed land
$3,254,900
Assessed improvement
$1,052,200
Land market value
$4,683,309
Improvement market value
$1,513,957
Total market value
$6,197,266
Applied tax rate
473,602.0000
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
2003
Heating
NONE
Buildings
2
Total area
8,200 SF
Lot
3.1 ac (135,036 SF)
Zoning code
R3
APN
0905-019.00-07.00-013.002
UPID
US63-2090561
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
R3 · Westhampton Beach, NY
Zoning R3 · permitted uses
R3 · Westhampton Beach, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Westhampton Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$725,000
INDUSTRIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$745,000
RETAIL STORES
Est. value
$635,000
HOTEL/MOTEL Current
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2003
Heating
NONE
Buildings
2
Lot
3.1 ac
Current owner
From public records · entity-resolved
Westhampton B
Individual
Free & Clear · 18 yrs held
Mailing address
CO ALEXANDER WOLF CO, DUPONT ST, NY
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2007
—
Westhampton B
Westhampton,b & T
Quit Claim Deed
related
—
—
—
Bath & Tennis Club Owners Corp
—
Deed Of Trust
related
$2,366,530 · Sovereign Bank
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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