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    3645 Route 67 Freehold, NY 12431
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    Property profile & analytics

    3645 Route 67 Freehold, NY 12431

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    • Turn key restaurants
    • 3,412 SF
    • 1.00 lot acres
    For Sale
    $775,000
    View Listing →
    Catskills Inn: Bar & Restaurant For Sale
    $775,000
    9,300 SF

    Catskills Inn: Bar & Restaurant

    Turnkey bar and restaurant with income-producing apartments in the Catskills.

    3645 Route 67, Freehold, NY 12431
    View Listing
    Property ID
    US63-3203025
    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

    • Turn key restaurants

    Property Details for 3645 Route 67

    Year built
    1992
    Lot size
    1.00 lot acres
    Property size
    3,412 SF
    Zone code
    03 - MULTI-FAMILY
    Property type
    Turn key restaurants
    APN
    193200 51.03-3-1
    APU
    193200510331

    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
    Freehold
    County
    Greene
    State
    New York
    Longitude
    -74.0486
    Latitude
    42.3588

    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
    0
    $0.00
    $17,200
    $219,800
    $237,000
    -
    $35,102
    $448,571
    $483,673

    Comparable in this City

    • Value Estimation by Request
      3,657 SF

      3689 Rte 67

      RESTAURANT • 3,657 SF
      3689 Rte 67, Freehold, NY 12431-5700
      View Details
    • Value Estimation by Request
      15,624 SF

      9477 Rte 32

      SHOPPING CENTER, STRIP CENTER • 15,624 SF
      9477 Rte 32, Freehold, NY 12431-5315
      View Details
    • Value Estimation by Request
      1,432 SF

      3558 Rte 67

      AUTO REPAIR, GARAGE • 1,432 SF
      3558 Rte 67, Freehold, NY 12431-5529
      View Details
    • Value Estimation by Request
      10,280 SF

      4265 Rte 67

      NURSERY, GREENHOUSE, FLORIST • 10,280 SF
      4265 Rte 67, Freehold, NY 12431-5100
      View Details
    • Value Estimation
      $530,000
      3,392 SF

      561 Carter Brg Rd, Unit 581

      STORE/OFFICE (MIXED USE) • 3,392 SF
      561 Carter Brg Rd, Freehold, NY 12431-5038
      View Details
    • Value Estimation by Request
      0.85 Acres

      3561 Rte 67

      STORE/OFFICE (MIXED USE) • 0.85 Acres
      3561 Rte 67, Freehold, NY 12431-5515
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,152 SF

      Iconic Tavern Bar For Sale

      Well-established tavern with apartment in Greene County, NY.
      3663 Route 67, Freehold, NY 12431
      View Details
    • Contact for pricing
      9,300 SF

      Catskills Inn: Bar & Restaurant

      Turnkey bar and restaurant with income-producing apartments in the Catskills.
      3645 Route 67, Freehold, NY 12431
      View Details
    • $129,000
      6.18 Acres

      Sprawling Lot with Mountain Views

      6+ acre lot with mountain views and running stream.
      Pine Crest Ln, Freehold, NY 12431
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    • $185,000
      35.59 Acres

      Expansive Land Parcel in Freehold

      35.59 acre parcel ideal for estate or recreation.
      00Wp#2 Drake Hl Rd, Freehold, NY 12431
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    • $699,000
      4,714 SF

      Three Townhouses on Six Acres

      Three townhouses with garages, fireplaces, and mountain views.
      192-194 Weed Rd, Freehold, NY 12431
      View Details
    • $392,000
      1,994 SF

      Historic Farmhouse with Acreage and Barn

      Charming 1800s farmhouse on 12.3 acres with post-and-beam barn.
      457 Drake Hill Rd, Freehold, NY 12431
      View Details
    View Listing
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    Freehold, NY 12431
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    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.

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