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Property profile & analytics
OFF-MARKET
Motels
6501 Heltz Rd, Lake View, NY 14085-9694
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-3801924
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1951
Total area
1,680 SF
Lot
1.55 ac (67,518 SF)
APN
144889 194.00-3-41.2
UPID
US63-3801924
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
Jm Lodging LLC · 6 yrs held
Jm Lodging LLC
since 2020
Last sale
$220,000
4 recorded transactions
Zoning & alternative use
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 Lake View submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake View 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 2023Property tax & assessments
Tax year 2023
Assessed value
$110,000
Assessed 2023
Previous assessed
$110,000
+0.0% YoY
Assessed land
$12,000
Assessed improvement
$98,000
Land market value
$37,500
Improvement market value
$306,250
Total market value
$343,750
Applied tax rate
144,804.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1951
Heating
HOT WATER
Buildings
2
Stories
1
Bathrooms
3
Total area
1,680 SF
Lot
1.55 ac (67,518 SF)
APN
144889 194.00-3-41.2
UPID
US63-3801924
Jurisdiction
ERIE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1951
Heating
HOT WATER
Stories
1
Buildings
2
Bathrooms
3
Lot
1.55 ac
Current owner
From public records · entity-resolved
Jm Lodging LLC
Entity
Mailing address
117 E MAIN ST, HAMBURG, NY 14075-5130
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2020
$220,000
Jm Lodging LLC
Nikola Popovski
Warranty Deed
$180,000 · Nikola & Christine Popovski
Aug 19, 2016
—
Nikola Popovski
Popovski,vito & Blaguna
Quit Claim Deed
—
Aug 28, 2014
—
Vito Popovski
Popovski,bojan & Nikola
Quit Claim Deed
related
—
Nov 18, 2005
$97,500
Vito Popovski
White,margaret
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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