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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Motels
37 Catamount Rd Copake, NY 12516
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-4721806
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1975
Total area
4,320 SF
Lot
3.8 ac (165,528 SF)
Zoning code
07 - MIXED
APN
103200 157.-1-10.200
UPID
US63-4721806
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$636k
Blend (final)
Blend
$535k
Owner & transaction history
19 Nicholason Owner LLC · 4 yrs held
19 Nicholason Owner LLC
since 2022
Last sale
$525,000
2 recorded transactions
Zoning & alternative use
07 - MIXED · Copake, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$475,000
+30.1%
Office building
$450,000
+23.4%
Auto repair, garage
$395,000
+8.1%
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 Copake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Copake 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
$635,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$365,000
Current use
COMMERCIAL (GENERAL)
$475,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$450,000
Change: +23% · Conversion: Difficult
AUTO REPAIR, GARAGE
$395,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$335,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $525k (Jun 17 2022)
Last sale anchor
$525k
Jun 17 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
$124 / 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
$1,350,000
Assessed 2023
Previous assessed
$900,000
+50.0% YoY
Assessed land
$93,600
Assessed improvement
$1,256,400
Land market value
$130,000
Improvement market value
$1,745,000
Total market value
$1,875,000
Applied tax rate
102,801.0000
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
NONE
Buildings
2
Stories
2
Total area
4,320 SF
Lot
3.8 ac (165,528 SF)
Zoning code
07 - MIXED
APN
103200 157.-1-10.200
UPID
US63-4721806
Jurisdiction
COLUMBIA
Zoning & alternative use
07 - MIXED · Copake, NYZoning 07 - MIXED · permitted uses
07 - MIXED · Copake, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$365,000
COMMERCIAL (GENERAL)
Est. value
$475,000
OFFICE BUILDING
Est. value
$450,000
AUTO REPAIR, GARAGE
Est. value
$395,000
RETAIL STORES
Est. value
$335,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1975
Heating
NONE
Stories
2
Buildings
2
Lot
3.8 ac
Current owner
From public records · entity-resolved
19 Nicholason Owner LLC
Entity
Free & Clear · 4 yrs held
Mailing address
44 YOUNG AMERICA RD, GERMANTOWN, NY 12526-5611
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2022
$525,000
19 Nicholason Owner LLC
Gert Alper
Deed
—
Feb 17, 2011
—
Town Of Copake
Alper,gert
Grant 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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