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Property profile & analytics
OFF-MARKET
Estimated value
$5,440,000
Hotels
688 Old Liberty Rd Monticello, NY 12701
Entity Owned
12-yr Hold
Free & Clear
Property ID
US63-4612648
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1975
Total area
48,976 SF
Lot
297.25 ac (12,948,210 SF)
Zoning code
SR
APN
484689 5.-1-18.1
UPID
US63-4612648
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
$4.83M
Comparable Approach
Comparable
$6.05M
Blend (final)
Blend
$5.44M
Owner & transaction history
Veria Lifestyle INC · 12 yrs held
Veria Lifestyle INC
since 2013
3 recorded transactions
Zoning & alternative use
SR · Monticello, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.9M
+47.4%
Auto repair, garage
$4.3M
+30.6%
Commercial (general)
$4.2M
+28.0%
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 Monticello submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monticello 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,235,000
6.5%
$4,830,000
7%
$4,485,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,305,000
Current use
RESTAURANT
$4,875,000
Change: +47% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,320,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,235,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$3,830,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$5.44M
Range $4.90M – $5.98M · ±10%
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
$111 / 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
$6,090,562
Assessed 2023
Previous assessed
$6,090,562
+0.0% YoY
Assessed land
$6,000,000
Assessed improvement
$90,562
Land market value
$12,000,000
Improvement market value
$181,124
Total market value
$12,181,124
Applied tax rate
484,601.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1975
Heating
HOT WATER
Cooling
CENTRAL
Buildings
4
Stories
6
Rooms
6
Bathrooms
7
Total area
48,976 SF
Lot
297.25 ac (12,948,210 SF)
Zoning code
SR
APN
484689 5.-1-18.1
UPID
US63-4612648
Jurisdiction
SULLIVAN
Zoning & alternative use
SR · Monticello, NY
Zoning SR · permitted uses
SR · Monticello, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monticello. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$3.3M
RESTAURANT
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$3.8M
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL 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
1975
Heating
HOT WATER
Cooling
Yes
Stories
6
Buildings
4
Rooms
6
Bathrooms
7
Lot
297.25 ac
Current owner
From public records · entity-resolved
Veria Lifestyle INC
Entity
Free & Clear · 12 yrs held
Mailing address
163 KUTSHER RD, MONTICELLO, NY 12701-3138
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Jun 24, 2016
—
Veria Lifestyle INC
—
Deed Of Trust
related
$45,000,000 · * Other Institutional Lenders
Dec 3, 2013
$5,721,933
Veria Lifestyle INC
Kutshers INC
Grant Deed
—
Dec 3, 2013
$1,000
Invisible Envelope Ltd
Kutshers INC
Grant Deed
related
—
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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