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Property profile & analytics
OFF-MARKET
Estimated value
$6,920,000
Hotels
4229 Stuhlman Rd, Vernon, NY 13476-4516
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-2718588
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1993
Total area
133,580 SF
Lot
0.01 ac (436 SF)
Zoning code
01 - NOT ZONED
APN
306089 334.000-1-1.66
UPID
US63-2718588
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
-
Vernon Downs Casino Hotel Hotel & Motel Resort
-
Mr. G's Food & Spirits Restaurant
-
Triple 777 Café Restaurant
-
ATM Atm
-
The Kitchen Buffet at Vernon Downs Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.91M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.92M
Owner & transaction history
Tioga Downs Racetrack LLC · 3 yrs held
Tioga Downs Racetrack LLC
since 2023
3 recorded transactions
Zoning & alternative use
01 - NOT ZONED · Vernon, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.6M
+45.2%
Office building
$8.2M
+12.7%
Retail stores
$7.6M
+4.8%
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 Vernon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vernon 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%
$8,565,000
6.5%
$7,905,000
7%
$7,340,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$7,275,000
Current use
COMMERCIAL (GENERAL)
$10,565,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$8,205,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$7,630,000
Change: +5% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,160,000
Change: -2% · Conversion: Difficult
MEDICAL BUILDING
$6,405,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$6.92M
Range $6.23M – $7.61M · ±10%
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
$52 / 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
Property tax & assessments
Assessed value
$9,187,500
Assessed 2023
Previous assessed
$9,187,500
+0.0% YoY
Assessed improvement
$9,187,500
Improvement market value
$19,342,105
Total market value
$19,342,105
Applied tax rate
306,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1993
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
7
Total area
133,580 SF
Lot
0.01 ac (436 SF)
Zoning code
01 - NOT ZONED
APN
306089 334.000-1-1.66
UPID
US63-2718588
Jurisdiction
ONEIDA
Zoning & alternative use
01 - NOT ZONED · Vernon, NY
Zoning 01 - NOT ZONED · permitted uses
01 - NOT ZONED · Vernon, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vernon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$7.3M
COMMERCIAL (GENERAL)
Est. value
$10.6M
OFFICE BUILDING
Est. value
$8.2M
RETAIL STORES
Est. value
$7.6M
WAREHOUSE, STORAGE
Est. value
$7.2M
MEDICAL BUILDING
Est. value
$6.4M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1993
Heating
NONE
Cooling
Yes
Stories
7
Buildings
2
Lot
0.01 ac
Current owner
From public records · entity-resolved
Tioga Downs Racetrack LLC
Entity
Mailing address
PO BOX 860, VERNON, NY 13476-0860
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2023
—
Tioga Downs Racetrack LLC
—
Deed
related
$5,000,000 · Western Alliance Bank
Nov 17, 2016
—
Mid-state Raceway INC
—
Grant Deed
related
$43,000,000 · Wells Fargo Bk
—
—
Mid-state Raceway INC
—
Deed Of Trust
related
$47,000,000 · Wells Fargo 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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