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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Motels
302 Lk Ave, Lake Luzerne, NY 12846-2815
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-3216105
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1975
Total area
3,596 SF
Lot
2.11 ac (91,912 SF)
Zoning code
R-RE
APN
523200 298.11-2-38
UPID
US63-3216105
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
-
Island View Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$425k
Comparable Approach
Comparable
$452k
Blend (final)
Blend
$590k
Owner & transaction history
302 Island LLC · 3 yrs held
302 Island LLC
since 2022
Last sale
$650,000
1 recorded transaction
Zoning & alternative use
R-RE · Lake Luzerne, 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 Luzerne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Luzerne 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%
$460,000
6.5%
$425,000
7%
$395,000
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $650k (Oct 25 2022)
Last sale anchor
$650k
Oct 25 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
$164 / 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
$503,000
Assessed 2023
Previous assessed
$503,000
+0.0% YoY
Assessed land
$210,000
Assessed improvement
$293,000
Land market value
$283,771
Improvement market value
$395,929
Total market value
$679,700
Applied tax rate
523,201.0000
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
1975
Heating
STEAM
Buildings
2
Stories
1
Bathrooms
4
Total area
3,596 SF
Lot
2.11 ac (91,912 SF)
Zoning code
R-RE
APN
523200 298.11-2-38
UPID
US63-3216105
Jurisdiction
WARREN
Zoning & alternative use
R-RE · Lake Luzerne, NY
Zoning R-RE · permitted uses
R-RE · Lake Luzerne, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Luzerne. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Heating
STEAM
Stories
1
Buildings
2
Bathrooms
4
Lot
2.11 ac
Current owner
From public records · entity-resolved
302 Island LLC
Entity
Mailing address
1025-C MAPLE ST, HUDSON FALLS, NY 12839
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2022
$650,000
302 Island LLC
Nancy Cirillo
Warranty Deed
$450,000 · Adirondack Trust Company
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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