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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Motels
5759 Us Hwy 20, East Springfield, NY 13333-1009
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-1201320
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1999
Total area
4,368 SF
Lot
3.73 ac (162,479 SF)
Zoning code
01 - NOT ZONED
APN
366000 28.00-2-41.01
UPID
US63-1201320
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
$480k
CAP Approach
CAP
$430k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$500k
Owner & transaction history
Bird Nest Hospitality LLC · 4 yrs held
Bird Nest Hospitality LLC
since 2022
Last sale
$515,000
2 recorded transactions
Zoning & alternative use
01 - NOT ZONED · East Springfield, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$410,000
+65.0%
Auto repair, garage
$380,000
+53.8%
Office building
$380,000
+53.5%
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 East Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Springfield 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
$500,000
ML approach
$480,000
CAP Approach
CAP Return
Estimation
6%
$465,000
6.5%
$430,000
7%
$400,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$410,000
Change: +65% · Conversion: Difficult
AUTO REPAIR, GARAGE
$380,000
Change: +54% · Conversion: Difficult
OFFICE BUILDING
$380,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $515k (Jan 18 2022)
Last sale anchor
$515k
Jan 18 2022
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
$114 / 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
$390,600
Assessed 2023
Previous assessed
$390,600
+0.0% YoY
Assessed land
$29,900
Assessed improvement
$360,700
Land market value
$39,655
Improvement market value
$478,382
Total market value
$518,037
Applied tax rate
362,401.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1999
Heating
NONE
Buildings
1
Stories
1
Total area
4,368 SF
Lot
3.73 ac (162,479 SF)
Zoning code
01 - NOT ZONED
APN
366000 28.00-2-41.01
UPID
US63-1201320
Jurisdiction
OTSEGO
Zoning & alternative use
01 - NOT ZONED · East Springfield, NY
Zoning 01 - NOT ZONED · permitted uses
01 - NOT ZONED · East Springfield, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Springfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$410,000
AUTO REPAIR, GARAGE
Est. value
$380,000
OFFICE BUILDING
Est. value
$380,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE 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
1999
Heating
NONE
Stories
1
Buildings
1
Lot
3.73 ac
Current owner
From public records · entity-resolved
Bird Nest Hospitality LLC
Entity
Mailing address
5759 US HWY 20, EAST SPRINGFIELD, NY 13333-1009
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2022
$515,500
Bird Nest Hospitality LLC
George Macaluso
Warranty Deed
$375,000 · Nbt Bank National Association
Dec 7, 2004
$446,800
George Macaluso
White,alfred R & Joyce P
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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