Property profile

23 Lakewood Ave Monticello, NY 12701

OFF-MARKET
Medical Office Space
Property ID
US63-5930785
8,000 SF 1.15 ac lot Built 2006
Entity Owned 8-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 2006
Total area 8,000 SF
Lot 1.15 ac (50,094 SF)
Zoning code RM
APN 484601 115.-6-29
UPID US63-5930785

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician
  • Physician
  • Physician

Location

23 Lakewood Ave Monticello, NY 12701-2021
Monticello metro Census 951802
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$898k
Blend (final) Blend
$1.01M

Owner & transaction history

since 2018
4 recorded transactions
2018
Price N/A
2010
Price N/A
2008
$2.1M
2004
$75,000

Zoning & alternative use

RM · Monticello, NY
Zoning description

RM-MHP District § 280-13 Permit procedures. § 280-14 Design standards. Article VA Senior Citizen Affordable Housing Floating District (SCAHFD) § 280-14.1 Purpose. § 280-14.2 Applicability. § 280-14.3 Application procedur…

General category RESIDENTIAL
Top alternative use upside
Restaurant $795,000 +27.2%
Auto repair, garage $705,000 +12.8%
Commercial (general) $690,000 +10.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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