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    866 Mountain Ave Purling, NY 12470
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    866 Mountain Ave Purling, NY 12470

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    • Commercial real estate
    • 35,000 SF
    For Sale
    $2,695,000
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    Iconic Bavarian Manor Hotel For Sale
    $2,695,000
    35,000 SF

    Iconic Bavarian Manor Hotel

    Historic hotel with restaurant, apartments, lake, and development potential.

    866 - 872 Mountain Ave, Purling, NY 12470
    View Listing
    Property ID
    US63-3831372
    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

    • The Bavarian Manor Hotel / Restaurant

    Property Details for 866 Mountain Ave

    Year built
    1864
    Property size
    35,000 SF
    Property type
    Commercial real estate

    Description

    Nestled at the base of Blackhead Mountain in the quaint Hamlet of Purling, the Bavarian Manor Hotel is an iconic landmark steeped in European charm and rich history. Originally known as The White Sulphur Springs House in the mid to late 1800s, this enchanting inn gained fame for its refreshing, ther ... apeutic waters, making it a sought-after wellness retreat. Over the years, the property evolved into The Columbian before becoming the legendary Bavarian Manor Inn in 1931, a beloved destination with old-world charm. The Manor currently boasts 18 beautifully appointed vintage hotel rooms, along with a restaurant, bar area, and commercial kitchen. The expansive lobby invites guests into an atmosphere that blends history and comfort. The indoor and large outdoor veranda seating areas, are perfect for hosting events and gatherings, enhancing the guest experience with a touch of European hospitality. An additional third floor offers the exciting potential for more hotel rooms, pending town approval. There is also an attached house with separate entry that boasts wood floors, 5 bedrooms, and 2 baths; and a small solar farm on the property that supplies 50% of the hotel's electricity, reducing operational costs.The property includes a 16-unit waterfront apartment complex, currently fully leased on a month-to-month basis, providing a consistent monthly income. This versatile space could also serve as staff housing, a spa area, or additional accommodations for guests. Set on 116 acres, this unique property features a serene 3+ acre lake perfect for fishing, relaxation, or recreational activities. Outdoor enthusiasts can also enjoy miles of scenic trails that wind throughout the estate.More than just a property; the Bavarian Manor Hotel is a hidden gem in the Catskills that offers endless possibilities. From its rich history, combined with modern amenities, scenic landscapes, multiple operations, to being conveniently located near Windham & Hunter Ski Mtns and recreational areas; the hotel operates year-round, attracting visitors for every season making it an ideal retreat and a thriving business opportunity. Whether you seek to maintain its timeless charm or re-imagine it into a premier spa and wellness retreat or wedding venue and more, this iconic property is ready for its next chapter!

    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
    Purling
    County
    Greene
    State
    New York
    Longitude
    -74.024099
    Latitude
    42.284487
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    Purling, NY 12470
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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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