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Property profile & analytics
OFF-MARKET
Estimated value
$2,560,000
Drive through restaurants
308 State Rte 17k, Rock Tavern, NY 12575
Entity Owned
5-yr Hold
Free & Clear
Property ID
US63-2421596
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2018
Total area
1,816 SF
Lot
3.3 ac (143,748 SF)
Zoning code
B4
APN
334289 26-1-68.1
UPID
US63-2421596
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
$2.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.56M
Owner & transaction history
308 Route 17k LLC · 5 yrs held
308 Route 17k LLC
since 2021
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
B4 · Rock Tavern, 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 Rock Tavern submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rock Tavern 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
$2,635,000
ML approach
$2,780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.56M
Range $2.30M – $2.82M · ±10% · vs last sale $2.42M (Jul 2 2021)
Last sale anchor
$2.42M
Jul 2 2021
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
$1,410 / 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
$408,500
Assessed 2023
Previous assessed
$408,500
+0.0% YoY
Assessed land
$172,500
Assessed improvement
$236,000
Land market value
$410,706
Improvement market value
$561,894
Total market value
$972,600
Applied tax rate
334,201.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2018
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Rooms
12
Bathrooms
2
Total area
1,816 SF
Lot
3.3 ac (143,748 SF)
Zoning code
B4
APN
334289 26-1-68.1
UPID
US63-2421596
Jurisdiction
ORANGE
Zoning & alternative use
B4 · Rock Tavern, NY
Zoning B4 · permitted uses
B4 · Rock Tavern, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rock Tavern. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2018
Heating
HOT WATER
Cooling
Yes
Stories
1
Rooms
12
Bathrooms
2
Lot
3.3 ac
Current owner
From public records · entity-resolved
308 Route 17k LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2110 S EAGLE RD STE #379, NEWTOWN, PA 18940-1574
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2021
$2,417,000
308 Route 17k LLC
Nafash Realty Montgomery
Deed
—
Feb 15, 2018
—
Autumn Sky Dev Co INC
Nafash Realty Montgomery LLC
Grant Deed
related
—
Feb 1, 2018
—
Nafash Realty Montgomery LLC
—
Deed
related
$130,000 · Walden Svgs Bk
Dec 6, 2017
$200,000
Nafash Realty Montgomery LLC
Mid-hudson II Holding Co INC
Grant Deed
—
Apr 28, 2006
—
Mid Hudson Holding II Co
Nicholas J Cardaropoli JR.
Warranty Deed
related
—
Mar 17, 2005
—
Cardaropoli,nicholas J JR
Sandcastle Homes INC
Warranty Deed
related
—
Jan 4, 2005
$210,000
Midhuson Holding Co INC
Nicholas Cardaropoli
Grant Deed
—
Oct 21, 2004
$45,000
Cardaropoli,nicholas J JR
Sandcastle Homes INC
Warranty Deed
—
—
—
Nafash Realty Montgomery LLC
—
Loan Modification
related
$130,000 · Walden Svgs Bk
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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