Property profile

2871 State Rte 23 Hillsdale, NY 12529

OFF-MARKET
Motels
Property ID
US63-2813560
7,108 SF 3.9 ac lot Built 1940
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1940
Total area 7,108 SF
Lot 3.9 ac (169,884 SF)
Zoning code RU
APN 104200 146.-1-29
UPID US63-2813560

Cap rate & NOI

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

Location

2871 State Rte 23 Hillsdale, NY 12529-5944
Hillsdale metro Census 900 HUDSON, NY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.03M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$930k

Owner & transaction history

since 2023
Last sale
$1.0M
1 recorded transaction
2023
$1.0M

Zoning & alternative use

RU · Hillsdale, NY
Zoning description

RU-Rural. The purpose of this district is to preserve the rural character of the Town, to encourage agriculture, and to conserve large tracts of undeveloped open space. The principal uses permitted are low-density reside…

General category AGRICULTURAL
Top alternative use upside
Commercial (general) $895,000 +48.5%
Restaurant $810,000 +34.2%
Office building $745,000 +23.4%

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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