Entity Owned Property summary
AI-generated overview
This meticulously restored 1800s bluestone building in Essex, NY, presents a rare opportunity to acquire a thriving business and stunning residence. The 3,080 square foot property sits on a 0.13-acre lot and is currently operating as a successful year-round tavern, featuring regular live music and entertainment. The main floor offers a spacious, open layout ideal for a restaurant, bar, or retail establishment. Upstairs, a newly renovated two-story apartment provides breathtaking panoramic views of Lake Champlain, complete with a private balcony perfect for enjoying sunrises. This versatile property offers numerous possibilities, from continuing the established tavern business to establishing a new venture in the existing commercial space, all while enjoying luxurious lakefront living. Its prime location offers easy access to the Vermont ferry, is within 45 minutes of Lake Placid, and only 90 miles from Montreal. This is a chance to own a piece of Essex history and a vibrant, established business, all in one exceptional package. The asking price is $1,200,000.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1930
Total area
3,080 SF
Lot
0.13 ac (5,663 SF)
Zoning code
07 - MIXED
APN
152600 40.65-3-6.000
UPID
US63-3256374
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$310k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$290k
Owner & transaction history
since 2025
Last sale
$305,000
6 recorded transactions
Zoning & alternative use
07 - MIXED · Essex, NY
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$290k
Value range
$261k – $319k
±10% around blend
Estimated value / SF
$94 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
60
$261k
blend $290k
$319k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,080 SF
Lot area
0.13 ac
Year built
1930
Stories
2
APN
152600 40.65-3-6.000
Zoning
07 - MIXED
Assessed value
$387,100
Annual tax
$7,344
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$366k
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.7 mi away · 2,605 SF
13.4 mi away · 3,840 SF
13.4 mi away · 3,310 SF
13.4 mi away · 3,447 SF
14.4 mi away · 3,176 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$290k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 87 sales
$87
+8%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $94/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$305k
Move the market yield to see immediate price impact.
Value / SF
$99
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$19k
$384k
$275k
$214k
$21k
$427k
$305k
$237k
$23k
$470k
$335k
$261k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$175k
4.2 mi · Apr 2026 · $76/SF
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$7,344
Tax year 2020
Assessed value
$387,100
Assessed 2023
Previous assessed
$368,700
+5.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$97,500
Assessed improvement
$289,600
Land market value
$97,500
Improvement market value
$289,600
Total market value
$387,100
Applied tax rate
155,201.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
2
Total area
3,080 SF
Lot
0.13 ac (5,663 SF)
Zoning code
07 - MIXED
APN
152600 40.65-3-6.000
UPID
US63-3256374
Jurisdiction
ESSEX
Zoning & alternative use
07 - MIXED · Essex, NYZoning 07 - MIXED · permitted uses
07 - MIXED · Essex, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Stories
2
Buildings
1
Lot
0.13 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
07 - MIXED
Jurisdiction
Essex, NY
Recorded code
07 - MIXED
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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