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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Race tracks
5591 State Rte 5th 5 Vernon, NY 13476-4509
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-3323734
Property profile
Verified
Property type
Race tracks
Use group
RACE TRACK (AUTO, DOG, HORSE)
Year built
1956
Total area
5,076 SF
Lot
110.17 ac (4,799,005 SF)
Zoning code
01 - NOT ZONED
APN
306089 324.000-1-66.1
UPID
US63-3323734
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
$515k
Blend (final)
Blend
$525k
Owner & transaction history
Utica Rome Raceway LLC · 2 yrs held
Utica Rome Raceway LLC
since 2024
Last sale
$531,250
3 recorded transactions
Zoning & alternative use
01 - NOT ZONED · Vernon, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$570,000
+59.7%
Auto repair, garage
$520,000
+45.6%
Commercial (general)
$400,000
+12.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$355,000
Current use
RESTAURANT
$570,000
Change: +60% · Conversion: Difficult
AUTO REPAIR, GARAGE
$520,000
Change: +46% · Conversion: Difficult
COMMERCIAL (GENERAL)
$400,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $531k (Mar 28 2024)
Last sale anchor
$531k
Mar 28 2024
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
$103 / 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
$413,000
Assessed 2023
Previous assessed
$413,000
+0.0% YoY
Assessed land
$215,000
Assessed improvement
$198,000
Land market value
$452,632
Improvement market value
$416,842
Total market value
$869,474
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
Race tracks
Use group
RACE TRACK (AUTO, DOG, HORSE)
Status
Off-Market
Year built
1956
Heating
NONE
Cooling
PARTIAL
Buildings
2
Stories
1
Total area
5,076 SF
Lot
110.17 ac (4,799,005 SF)
Zoning code
01 - NOT ZONED
APN
306089 324.000-1-66.1
UPID
US63-3323734
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
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$355,000
RESTAURANT
Est. value
$570,000
AUTO REPAIR, GARAGE
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$400,000
RECREATIONAL/ENTERTAINMENT (GENERAL) 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
1956
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
110.17 ac
Current owner
From public records · entity-resolved
Utica Rome Raceway LLC
Entity
Mailing address
372 E MAIN ST, WEST WINFIELD, NY 13491
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Jun 28, 2024
$531,250
Utica Rome Raceway LLC
Moteloc LLC
Warranty Deed
$482,870 · Moteloc LLC
Jan 14, 2021
$879,667
Moteloc LLC
Back Stretch LLC
Warranty Deed
—
May 7, 2018
$500,000
Back Stretch LLC
Moteloc LLC
Warranty Deed
—
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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