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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Investment properties
655 State Rte 149, Lake George, NY 12845-3517
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-2796114
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1988
Total area
2,349 SF
Lot
1.95 ac (84,942 SF)
Zoning code
NC
APN
523400 278.-1-45
UPID
US63-2796114
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
$555k
CAP Approach
CAP
$450k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$500k
Owner & transaction history
Pilot Knob Realty Co LLC · 4 yrs held
Pilot Knob Realty Co LLC
since 2021
Last sale
$500,000
3 recorded transactions
Zoning & alternative use
NC · Lake George, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$330,000
+14.5%
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 Lake George submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake George 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
$645,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
$485,000
6.5%
$450,000
7%
$415,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$330,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $500k (Oct 26 2021)
Last sale anchor
$500k
Oct 26 2021
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
$213 / 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
Tax billed
$1,574
Tax year 2021
Assessed value
$270,900
Assessed 2023
Previous assessed
$270,900
+0.0% YoY
Effective rate
0.58%
On assessed value
Assessed land
$141,800
Assessed improvement
$129,100
Land market value
$166,820
Improvement market value
$151,880
Total market value
$318,700
Applied tax rate
522,201.0000
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
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1988
Heating
NONE
Buildings
1
Stories
2
Total area
2,349 SF
Lot
1.95 ac (84,942 SF)
Zoning code
NC
APN
523400 278.-1-45
UPID
US63-2796114
Jurisdiction
WARREN
Zoning & alternative use
NC · Lake George, NY
Zoning NC · permitted uses
NC · Lake George, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake George. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$330,000
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
1988
Heating
NONE
Stories
2
Buildings
1
Lot
1.95 ac
Current owner
From public records · entity-resolved
Pilot Knob Realty Co LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1881 PILOT KNOB RD, KATTSKILL BAY, NY 12844-1809
Ownership since
2021
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
Nov 22, 2021
—
Pilot Knob Rlty Co LLC
—
Deed
related
$1,816,000 · Nbt Bank National Association
Nov 10, 2021
—
Pilot Knob Realty Co LLC
—
Deed
related
$1,816,000 · Nbt Bank National Association
Oct 26, 2021
$500,000
Pilot Knob Realty Co LLC
Pilot Knob Marina INC
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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