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Property profile & analytics
OFF-MARKET
Estimated value
$4,960,000
Hotels
29 Golden Rdg Rd Monticello, NY 12701-5102
Entity Owned
9-yr Hold
Free & Clear
Property ID
US63-4847894
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2019
Total area
54,525 SF
Lot
6.33 ac (275,735 SF)
Zoning code
HC
APN
484689 13.-3-38.1
UPID
US63-4847894
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
$5.38M
Comparable Approach
Comparable
$4.55M
Blend (final)
Blend
$4.96M
Owner & transaction history
County Of Sullivan Indl Dev Agcy · 9 yrs held
County Of Sullivan Indl Dev Agcy
since 2017
6 recorded transactions
Zoning & alternative use
HC · Monticello, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.4M
+47.4%
Auto repair, garage
$4.8M
+30.6%
Commercial (general)
$4.7M
+28.0%
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 Monticello submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monticello 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%
$5,825,000
6.5%
$5,380,000
7%
$4,995,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,680,000
Current use
RESTAURANT
$5,425,000
Change: +47% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,810,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,715,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$4,265,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$3,495,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$3,315,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$4.96M
Range $4.46M – $5.46M · ±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
$91 / 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
$4,135,627
Assessed 2023
Previous assessed
$3,342,100
+23.7% YoY
Assessed land
$75,000
Assessed improvement
$4,060,627
Land market value
$150,000
Improvement market value
$8,121,254
Total market value
$8,271,254
Applied tax rate
484,601.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2019
Heating
NONE
Stories
4
Total area
54,525 SF
Lot
6.33 ac (275,735 SF)
Zoning code
HC
APN
484689 13.-3-38.1
UPID
US63-4847894
Jurisdiction
SULLIVAN
Zoning & alternative use
HC · Monticello, NY
Zoning HC · permitted uses
HC · Monticello, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monticello. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$3.7M
RESTAURANT
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.3M
OFFICE BUILDING
Est. value
$3.5M
RETAIL STORES
Est. value
$3.3M
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2019
Heating
NONE
Stories
4
Lot
6.33 ac
Current owner
From public records · entity-resolved
County Of Sullivan Indl Dev Agcy
Entity
Free & Clear · 9 yrs held
Mailing address
16 RACEWAY RD, MONTICELLO, NY 12701-1112
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2022
—
Catskill Hospitality LLC
—
Deed
related
$3,619,000 · Empire State Certified Development Corp
Mar 22, 2017
$900,000
County Of Sullivan Indl Dev Agcy
Rayhar LLC
Grant Deed
—
Dec 10, 2015
—
Town Of Thompson
Rayhar LLC
Grant Deed
related
—
Jun 3, 2014
—
Rayhar LLC
Grl & Lel Corp
Quit Claim Deed
related
—
Oct 21, 2011
$200,000
Rayhar LLC
Referee Of Sullivan County
Trustees Deed
—
Dec 1, 2010
—
Jack S Ingber
Ingber,shirley
Quit Claim Deed
related
—
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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