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Property profile & analytics
OFF-MARKET
Estimated value
$1,345,000
Drive through restaurants
281 Rte 211th E Middletown, NY 10940
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-1731598
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2010
Total area
2,294 SF
Lot
1.1 ac (47,916 SF)
Zoning code
HC
APN
335200 50-1-27.21
UPID
US63-1731598
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
-
Burger King Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.35M
Owner & transaction history
Bk Middletown LLC · 3 yrs held
Bk Middletown LLC
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
HC · Middletown, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
$1,655,000
ML approach
$1,675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.35M
Range $1.21M – $1.48M · ±10% · vs last sale $1.33M (Oct 18 2022)
Last sale anchor
$1.33M
Oct 18 2022
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
$586 / 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
$115,800
Assessed 2023
Previous assessed
$115,800
+0.0% YoY
Assessed land
$44,000
Assessed improvement
$71,800
Land market value
$303,440
Improvement market value
$495,160
Total market value
$798,600
Applied tax rate
330,900.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2010
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
2,294 SF
Lot
1.1 ac (47,916 SF)
Zoning code
HC
APN
335200 50-1-27.21
UPID
US63-1731598
Jurisdiction
ORANGE
Zoning & alternative use
HC · Middletown, NY
Zoning HC · permitted uses
HC · Middletown, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2010
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Bk Middletown LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 6969, SYRACUSE, NY 13217-6969
Ownership since
2022
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
May 15, 2023
—
Bk Middletown LLC
—
Deed
related
$993,750 · Orange B&t Co
Oct 18, 2022
$1,325,000
Bk Middletown LLC
Gasho Of Japan Internatl
Deed
—
Apr 30, 2019
$1,300,000
Gasho Of Japan Intl Ltd
Aoki Investment Properties LLC
Grant Deed
—
Dec 10, 2013
$100,000
281 Route 211 East LLC
Aoki Investment Properties LLC
Grant Deed
$1,700,000 · Orange Cnty Tr
Sep 15, 2009
—
Aoki Inv Props LLC
Aoki Investment Props
Quit Claim Deed
related
—
Nov 29, 2007
$1,700,000
Aoki Investment Props Ll
Arcaequities INC
Grant Deed
—
—
—
265 Route 211 East LLC
—
Loan Modification
related
$1,700,000 · Orange Cnty Tr
—
—
265 Route 211 East LLC
—
Loan Modification
related
$500,000 · Orange Cnty Tr
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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