Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    30680 State Hwy 17w Hancock, NY 13783-2038
    Back to Search
    Property profile & analytics

    30680 State Hwy 17w Hancock, NY 13783-2038

    View on Map
    • Motels
    • 18.90 lot acres
    Off-Market
    Last Sale Oct 31, 2024
    $450,000
    Property ID
    US63-1883805
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Motels

    Property Details for 30680 State Hwy 17w

    Lot size
    18.90 lot acres
    Property type
    Motels
    APN
    123089 400.-1-10
    APU
    123089400110

    Description

    This 11-unit motel in Hancock, NY, presents a unique investment opportunity in the heart of the Catskill Mountains. Located on 19 acres at 30680 State Hwy 17W, this property boasts easy access to Route 17 and offers a blend of commercial and hospitality uses. Currently operating at 50% occupancy, the motel presents significant upside potential. The property includes a three-bedroom house, ideal for on-site management or owner occupancy, adding to its convenience and flexibility. The commercial zoning allows for diverse operational strategies. The asking price is $449,999, representing a compelling entry point into the thriving Catskill tourism market. The property's location provides easy access to nearby towns like Roscoe and Livingston Manor, known for their charming shops and restaurants. The extensive acreage offers ample space for expansion or additional amenities. This turnkey operation is ready for a new owner to capitalize on its potential and enjoy the serene beauty of the Catskill region. The property's APN is 123089-400-000-0001-010-000 and is situated in Delaware County, NY, zip code 13783. The net lease structure offers a straightforward ownership model. This is a rare opportunity to acquire a well-positioned motel with significant growth potential in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hancock
    County
    Delaware
    State
    New York
    Longitude
    -75.3834
    Latitude
    42.0072

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $6,306
    $2,300
    $10,838
    $13,138
    -
    $32,860
    $154,840
    $187,700

    Comparable in this City

    • Value Estimation by Request
      8,960 SF

      521 Main St

      MOTEL • 8,960 SF
      521 Main St, Hancock, NY 13783-1074
      View Details
    • Value Estimation by Request
      5,456 SF

      23085 State Hwy 97

      MOTEL • 5,456 SF
      23085 State Hwy 97, Hancock, NY 13783-2201
      View Details
    • Value Estimation by Request
      720 SF

      19 Trestle Rd

      MOTEL • 720 SF
      19 Trestle Rd, Hancock, NY 13783-4129
      View Details
    • Value Estimation by Request
      60.00 Acres

      30356 State Hwy 17w

      MOTEL • 60.00 Acres
      30356 State Hwy 17w, Hancock, NY 13783-2032
      View Details
    • Value Estimation by Request
      5.00 Acres

      Abe Lord Crk Rd

      CAMPGROUND, RV PARK • 5.00 Acres
      Abe Lord Crk Rd, Hancock, NY 13783
      View Details
    • Value Estimation by Request
      0.95 Acres

      137 Frnt St

      HOTEL • 0.95 Acres
      137 Frnt St, Hancock, NY 13783-1280
      View Details

    Similar Nearby for Sale

    • $995,000
      19.00 Acres

      Riverfront Land Ready for Development

      19-acre riverfront land ideal for campground or residential development.
      La Barre St, Hancock, NY 13783
      View Details
    • $765,000
      135.00 Acres

      Hancock NY Land with Barn

      135-acre land with barn and over 1000' of riverfront.
      Warren Rd, Hancock, NY 13783
      View Details
    • $899,000
      25.21 Acres

      Delaware River Waterfront Land

      25-acre waterfront property with 900+ feet on Delaware River.
      222 Stockport Rd, Hancock, NY 13783
      View Details
    • $850,000
      105.00 Acres

      105 Acres with River Frontage

      Unique vacant land with East and West Branch Delaware River frontage.
      Perkins Rd, Hancock, NY 13783
      View Details
    • $1,450,000
      17.25 Acres

      Expansive Industrial Complex in Hancock, NY

      17.25-acre industrial property with significant buildings and potential uses.
      158 La Barre St, Hancock, NY 13783
      View Details
    • $350,000
      3.00 Acres

      Approved Townhouse Site in Hancock

      Approved site for townhouses in a secluded village location.
      Wheeler St, Hancock, NY 13783
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    30680 State Hwy 17w
    Hancock, NY 13783-2038
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    30680 State Hwy 17w, Hancock, NY, 13783
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!