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Property profile & analytics
OFF-MARKET
Estimated value
$6,130,000
Turn key restaurants
2853 Rte 6th 2869 Slate Hill, NY 10973-3815
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-2108014
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1998
Total area
48,183 SF
Lot
10.7 ac (466,092 SF)
Zoning code
TC2
APN
335600 15-1-5.22
UPID
US63-2108014
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
by Request
Comparable Approach
Comparable
$5.00M
Blend (final)
Blend
$6.13M
Owner & transaction history
High Barney Road LLC · 11 yrs held
High Barney Road LLC
since 2015
7 recorded transactions
Zoning & alternative use
TC2 · Slate Hill, 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 Slate Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Slate Hill 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.13M
Range $5.52M – $6.74M · ±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
$127 / 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
$2,620,000
Assessed 2023
Previous assessed
$2,620,000
+0.0% YoY
Assessed land
$332,300
Assessed improvement
$2,287,700
Land market value
$722,397
Improvement market value
$4,973,303
Total market value
$5,695,700
Applied tax rate
333,801.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1998
Heating
HOT WATER
Cooling
CENTRAL
Buildings
1
Stories
2
Bathrooms
2
Total area
48,183 SF
Lot
10.7 ac (466,092 SF)
Zoning code
TC2
APN
335600 15-1-5.22
UPID
US63-2108014
Jurisdiction
ORANGE
Zoning & alternative use
TC2 · Slate Hill, NYZoning TC2 · permitted uses
TC2 · Slate Hill, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1998
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Bathrooms
2
Lot
10.7 ac
Current owner
From public records · entity-resolved
High Barney Road LLC
Entity
Free & Clear · 11 yrs held
Mailing address
2571 E 17TH ST APT #3, BROOKLYN, NY 11235-3585
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2025
—
Slatehil Eom LLC
—
Deed
related
$650,000 · Gfr1001 INC
Mar 19, 2015
$4,150,000
High Barney Road LLC
Referee Of Orange County|slate Hill Assoc INC
Trustees Deed
—
—
—
Slate Hill Associates INC
—
Deed Of Trust
related
$878,044 · Orange County Ind'l Dev Agcy
—
—
Slate Hill Associates INC
—
Deed Of Trust
related
$922,000 · Orange County Ind'l Dev Agcy
—
—
Slate Hill Associates INC
—
Deed Of Trust
related
$1,250,000 · New York Business Dev Corp
—
—
Slate Hill Associates INC
—
Deed Of Trust
related
$2,000,000 · Empire State Certified Dev
—
—
Slate Hill Associates INC
—
Deed Of Trust
related
$2,506,956 · Orange County Ind'l Dev Agcy
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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