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Property profile & analytics
FOR SALE
Office buildings
55 Sturgis Rd, Monticello, NY 12701
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US63-1965774
For Sale
1 / 2
$1,925,000
55 Sturgis Rd, Monticello, NY 12701
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2009
Total area
8,868 SF
Lot
1.3 ac (56,628 SF)
Zoning code
BL1
APN
484601 106.-1-3.1
UPID
US63-1965774
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
-
Monticello VA Clinic Medical Clinic
-
Premier Care Physical Therapy Physician
-
Michael J. Parlapiano, PT Physician
-
M G Catskill LLC Property Management Company
-
Shane Allen Weigand Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$883k
Blend (final)
Blend
$655k
Owner & transaction history
Veterans Ny 55 Sturgis Ll · 9 yrs held
Veterans Ny 55 Sturgis Ll
since 2017
4 recorded transactions
Zoning & alternative use
BL1 · Monticello, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$895,000
+38.1%
Auto repair, garage
$790,000
+22.1%
Commercial (general)
$690,000
+6.7%
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 Monticello submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monticello 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$650,000
Current use
RESTAURANT
$895,000
Change: +38% · Conversion: Moderate
AUTO REPAIR, GARAGE
$790,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$690,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$74 / 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
$775,000
Assessed 2023
Previous assessed
$775,000
+0.0% YoY
Assessed land
$75,000
Assessed improvement
$700,000
Land market value
$150,000
Improvement market value
$1,400,000
Total market value
$1,550,000
Applied tax rate
484,601.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Sale
Year built
2009
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
8,868 SF
Lot
1.3 ac (56,628 SF)
Zoning code
BL1
APN
484601 106.-1-3.1
UPID
US63-1965774
Jurisdiction
SULLIVAN
Zoning & alternative use
BL1 · Monticello, NY
Zoning BL1 · permitted uses
BL1 · Monticello, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monticello. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$650,000
RESTAURANT
Est. value
$895,000
AUTO REPAIR, GARAGE
Est. value
$790,000
COMMERCIAL (GENERAL)
Est. value
$690,000
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2009
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
Veterans Ny 55 Sturgis Ll
Individual
Mailing address
1035 DELAWARE RD BSMT, BUFFALO, NY 14223-1092
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2017
$1,675,000
Veterans Ny 55 Sturgis Ll
Mg Catskill LLC
Grant Deed
$1,340,000 · Bank Of Castile
Jun 16, 2017
—
Veteran Ny 55 Sturgis LLC
—
Trustees Deed
related
$1,340,000 · Bank Of Castile
Sep 15, 2009
—
Mg Catskill LLC
Martco LLC
Grant Deed
related
—
—
—
Veteran Ny 55 Sturgis LLC
—
Deed Of Trust
related
$1,340,000 · Bank Of Castile
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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