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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Motels
2896 Lk Shr Dr, Lake George, NY 12845-1038
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US63-3627292
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1979
Total area
1,934 SF
Lot
6.92 ac (301,435 SF)
Zoning code
05 - COMMERCIAL
APN
522201 251.10-3-63
UPID
US63-3627292
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
-
Scotty's Lakeside Resort Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$502k
Blend (final)
Blend
$530k
Owner & transaction history
Scottys Lakeside LLC · 12 yrs held
Scottys Lakeside LLC
since 2014
7 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Lake George, 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 Lake George submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake George 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
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$274 / 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
$5,160,000
Assessed 2023
Previous assessed
$5,160,000
+0.0% YoY
Assessed land
$2,362,500
Assessed improvement
$2,797,500
Land market value
$2,812,500
Improvement market value
$3,330,357
Total market value
$6,142,857
Applied tax rate
522,201.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
1979
Heating
NONE
Cooling
CENTRAL
Buildings
14
Stories
1
Total area
1,934 SF
Lot
6.92 ac (301,435 SF)
Zoning code
05 - COMMERCIAL
APN
522201 251.10-3-63
UPID
US63-3627292
Jurisdiction
WARREN
Zoning & alternative use
05 - COMMERCIAL · Lake George, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · Lake George, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake George. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Cooling
Yes
Stories
1
Buildings
14
Lot
6.92 ac
Current owner
From public records · entity-resolved
Scottys Lakeside LLC
Entity
Mailing address
2896 LK SHR DR, LAKE GEORGE, NY 12845-1038
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2022
—
Scotty S Lakeside LLC
—
Deed
related
$500,000 · Glen Falls National Bank & Trust Co
Feb 20, 2020
—
Scotty S Lakeside LLC
—
Deed
related
$6,100,000 · Glens Falls Nat'l Bk & Tr Co
Oct 18, 2018
—
Juliana Resort LLC
—
Loan Modification
related
$2,380,000 · Glens Falls Nat'l Bk & Tr Co
May 18, 2018
—
Juliana Resort LLC
—
Deed
related
$2,380,000 · Scotty's Lakeside LLC
Jul 3, 2017
—
Scottys Lakeside LLC
—
Deed
related
$4,385,000 · Glens Falls Nat'l Bk & Tr Co
Mar 4, 2014
$4,500,000
Scottys Lakeside LLC
Scottys Motel & Cabin Ct INC
Grant Deed
—
—
—
Scottys Lakeside LLC
—
Loan Modification, Consolidation And Extension
related
$5,000,000 · Glens Falls Nat'l Bk & Tr Co
—
—
Scotty S Lakeside LLC
—
Loan Modification
related
$6,100,000 · Glens Falls Nat'l Bk & Tr Co
—
—
Scottys Lakeside LLC
—
Deed Of Trust
related
$1,626,697 · Glens Falls Nat'l Bk & Tr Co
—
—
Scottys Lakeside LLC
—
Deed Of Trust
related
$4,385,000 · Glens Falls Nat'l Bk & Tr Co
—
—
Juliana Resort LLC
—
Deed Of Trust
related
$2,380,000 · Scotty's Lakeside LLC
—
—
Scottys Lakeside LLC
—
Deed Of Trust
related
$585,000 · Glens Falls Nat'l Bk & Tr Co
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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