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Property profile & analytics
OFF-MARKET
Estimated value
$5,775,000
Medical Office Space
5 Ridgeview Rd, Kerhonkson, NY 12446-1549
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-6039774
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1958
Total area
24,556 SF
Lot
82.7 ac (3,602,412 SF)
Zoning code
AR3
APN
514400 68.1-1-27.700
UPID
US63-6039774
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
$5.39M
CAP Approach
CAP
$6.65M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.78M
Owner & transaction history
Ridgeview Realtor LLC · 2 yrs held
Ridgeview Realtor LLC
since 2023
Last sale
$5.1M
7 recorded transactions
Zoning & alternative use
AR3 · Kerhonkson, 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 Kerhonkson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kerhonkson 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
$6,725,000
ML approach
$5,390,000
CAP Approach
CAP Return
Estimation
6%
$7,205,000
6.5%
$6,650,000
7%
$6,175,000
Blend value · Realmo final
$5.78M
Range $5.20M – $6.35M · ±10% · vs last sale $5.05M (Nov 27 2023)
Last sale anchor
$5.05M
Nov 27 2023
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
$235 / 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
$1,686,900
Assessed 2023
Previous assessed
$1,686,900
+0.0% YoY
Assessed land
$272,900
Assessed improvement
$1,414,000
Land market value
$433,175
Improvement market value
$2,244,444
Total market value
$2,677,619
Applied tax rate
513,401.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1958
Heating
STEAM
Buildings
2
Stories
2
Bathrooms
3
Total area
24,556 SF
Lot
82.7 ac (3,602,412 SF)
Zoning code
AR3
APN
514400 68.1-1-27.700
UPID
US63-6039774
Jurisdiction
ULSTER
Zoning & alternative use
AR3 · Kerhonkson, NY
Zoning AR3 · permitted uses
AR3 · Kerhonkson, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kerhonkson. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1958
Heating
STEAM
Stories
2
Buildings
2
Bathrooms
3
Lot
82.7 ac
Current owner
From public records · entity-resolved
Ridgeview Realtor LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5 RIDGEVIEW RD, KERHONKSON, NY 12446-1549
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2023
$5,050,000
Ridgeview Realtor LLC
Ret Suzanne B Cusack
Warranty Deed
—
Mar 10, 2022
$75,000
Cherrytown Road Lot 6 LLC
Villa Veritas Fndtn INC
Deed
—
Mar 9, 2022
$125,000
Michael Sparacino
Villa Veritas Fndtn INC
Deed
—
Mar 3, 2022
$93,101
Eric Verruto
Villa Veritas Fndtn INC
Deed
—
Feb 18, 2022
$75,000
Ruth Freeman
Villa Veritas Fndtn INC
Deed
—
Jan 13, 2022
—
Villa Veritas Fndtn INC
Suzanne B Cusack Ret
Deed
—
Oct 18, 2019
—
Cusack,suzanne B Trust
Suzanne B Cusack
Quit Claim Deed
—
Oct 25, 2005
$360,000
Alec B Sita
Amorim Building Co LLC
Grant Deed
$200,000 · Wells Fargo Bank
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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