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    5992 Main St Tannersville, NY 12485
    Property profile & analytics

    5992 Main St Tannersville, NY 12485

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    • Hotels
    • 1,660 SF
    • 0.17 lot acres
    For Sale
    $2,600,000
    View Listing →
    Tannersville Investment Opportunity Near Hunter For Sale
    $2,600,000
    8,624 SF

    Tannersville Investment Opportunity Near Hunter

    7,225 SF building in Tannersville, near Hunter Mountain.

    5992 & 6002 Main St, Tannersville, NY 12485
    View Listing
    Property ID
    US63-2355051
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 5992 Main St

    Year built
    1900
    Lot size
    0.17 lot acres
    Property size
    1,660 SF
    Zone code
    01 - NOT ZONED
    Property type
    Hotels
    APN
    193603 166.17-2-11.1
    APU
    193603166172111

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tannersville
    County
    Greene
    State
    New York
    Longitude
    -74.1326
    Latitude
    42.1964

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $15,300
    $23,700
    $39,000
    -
    $50,847
    $78,764
    $129,611

    Comparable in this City

    • Value Estimation
      $3,255,000
      43,162 SF

      6302 Main St

      MOTEL • 43,162 SF
      6302 Main St, Tannersville, NY 12485-7722
      View Details
    • Value Estimation by Request
      5,760 SF

      5844-5848 Main St

      MOTEL • 5,760 SF
      5844-5848 Main St, Tannersville, NY 12485
      View Details
    • Value Estimation by Request
      8,520 SF

      6302 Main St

      MOTEL • 8,520 SF
      6302 Main St, Tannersville, NY 12485-7722
      View Details
    • Value Estimation by Request
      5,946 SF

      5767 Rte 23a

      MOTEL • 5,946 SF
      5767 Rte 23a, Tannersville, NY 12485
      View Details
    • Value Estimation by Request
      0.30 Acres

      29 Par 4th Dr

      RADIO OR TV STATION • 0.30 Acres
      29 Par 4th Dr, Tannersville, NY 12485
      View Details
    • Value Estimation by Request
      22.50 Acres

      178 Spruce St

      VACANT COMMERCIAL LAND • 22.50 Acres
      178 Spruce St, Tannersville, NY 12485-5204
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,624 SF

      Tannersville Investment Opportunity Near Hunter

      7,225 SF building in Tannersville, near Hunter Mountain.
      5992 Main St, Tannersville, NY 12485
      View Details
    • Contact for pricing
      6,523 SF

      Successful Restaurant with Parking Lot

      Restaurant for sale with parking in Tannersville, New York.
      5819 Main St, Tannersville, NY 12485
      View Details
    • Contact for pricing

      Catskills Land Near Tannersville

      Land near Tannersville's Main Street, close to amenities and Hunter Mountain.
      136 Route 23 C, Tannersville, NY 12485
      View Details
    • New
      $799,000
      2,842 SF

      Tannersville Multi-Unit Investment Opportunity

      Two residences on one property, ideal for rental income.
      98 Spruce St, Tannersville, NY 12485
      View Details
    • New
      $99,000
      1.30 Acres

      Tannersville Land with Mountain Views

      1.3-acre residential land in Tannersville, close to amenities.
      6769 Ny-23A, Tannersville, NY 12485
      View Details
    • $125,000
      11.40 Acres

      Secluded Land with Pond

      11.4 acres of secluded land with pond, mountain views.
      Route 23C, Jewett, NY 12485
      View Details
    View Listing
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    Tannersville, NY 12485
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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