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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Investment properties
599 Silver Lk Scotchtown Rd Middletown, NY 10941-1500
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-1788185
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1971
Total area
2,114 SF
Lot
13.7 ac (596,772 SF)
Zoning code
R2
APN
335200 24-1-36.21
UPID
US63-1788185
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
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$481k
Blend (final)
Blend
$650k
Owner & transaction history
Druk Yul Deli INC · 4 yrs held
Druk Yul Deli INC
since 2022
Last sale
$670,000
5 recorded transactions
Zoning & alternative use
R2 · Middletown, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$435,000
+27.8%
Office building
$400,000
+17.8%
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
$835,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$435,000
Change: +28% · Conversion: Easy
OFFICE BUILDING
$400,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $670k (Jan 10 2022)
Last sale anchor
$670k
Jan 10 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
$307 / 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
$132,500
Assessed 2023
Previous assessed
$132,500
+0.0% YoY
Assessed land
$52,300
Assessed improvement
$80,200
Land market value
$360,692
Improvement market value
$553,108
Total market value
$913,800
Applied tax rate
332,601.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1971
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
2,114 SF
Lot
13.7 ac (596,772 SF)
Zoning code
R2
APN
335200 24-1-36.21
UPID
US63-1788185
Jurisdiction
ORANGE
Zoning & alternative use
R2 · Middletown, NY
Zoning R2 · permitted uses
R2 · Middletown, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middletown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$435,000
OFFICE BUILDING
Est. value
$400,000
RETAIL STORES
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
1971
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
13.7 ac
Current owner
From public records · entity-resolved
Druk Yul Deli INC
Entity
Mailing address
664 SILVER LK SCOTCHTOWN RD BLDG 3-3, MIDDLETOWN, NY 10941-1159
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2022
$670,000
Druk Yul Deli INC
Bsm Properties LLC
Deed
$607,500 · Key Bank NA
Mar 5, 2020
—
Bsm Properties LLC
—
Deed
related
$500,000 · Walden Federal Savings Bank
Nov 27, 2015
$821,600
Ianmir LLC
Three Star Estates INC
Deed In Lieu Of Foreclosure
—
Nov 27, 2015
$941,000
Bsm Properties LLC
Ianmir LLC
Grant Deed
$791,000 · Private Individual
Jul 1, 2014
$871,000
Three Star Estates INC
Padhya,jasu
Grant 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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