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Property profile & analytics
OFF-MARKET
Turn key restaurants
5546 Rte 22 Millerton, NY 12546
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-2843400
Property summary
AI-generated overview
This 2,984 square foot restaurant building is situated on a highly visible 2-acre lot along the busy Route 22 corridor, just south of Millerton Village. The property offers significant potential but requires extensive renovation. The exterior needs substantial work, including roof decking, perimeter posts and beams, all of which need replacing. There is evidence of mold present within the structure. Despite the needed repairs, the property boasts a recently approved Dutchess County Health permit for a 24-seat restaurant, based on the existing septic system. Parking plans are available for the site. It's important to note that the property includes wetlands. Access to the property is strictly controlled
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1967
Total area
2,684 SF
Lot
2 ac (87,120 SF)
Zoning code
A5A
APN
133889 7169-00-610925-0000
UPID
US63-2843400
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nikolas Elevitch · 5 yrs held
Nikolas Elevitch
since 2021
Last sale
$50,000
1 recorded transaction
Zoning & alternative use
A5A · Millerton, 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 Millerton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millerton 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2020Property tax & assessments
Tax year 2020
Tax billed
$2,002
Tax year 2020
Assessed value
$79,200
Assessed 2023
Previous assessed
$73,300
+8.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$35,200
Assessed improvement
$44,000
Land market value
$35,200
Improvement market value
$44,000
Total market value
$79,200
Applied tax rate
133,801.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1967
Heating
NONE
Stories
2
Total area
2,684 SF
Lot
2 ac (87,120 SF)
Zoning code
A5A
APN
133889 7169-00-610925-0000
UPID
US63-2843400
Jurisdiction
DUTCHESS
Zoning & alternative use
A5A · Millerton, NY
Zoning A5A · permitted uses
A5A · Millerton, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millerton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1967
Heating
NONE
Stories
2
Lot
2 ac
Current owner
From public records · entity-resolved
Nikolas Elevitch
Individual
Mailing address
256 BALDWIN HL RD, NEW PRESTON, CT 06777-1804
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2021
$50,000
Nikolas Elevitch
Wu Diana Est
Executors Deed
$70,000 · Robert A Boose JR
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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