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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Turn key restaurants
903 Lk Blvd, Mahopac, NY 10541-4775
Entity Owned
15-yr Hold
Free & Clear
Property ID
US63-0889584
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1953
Total area
3,680 SF
Lot
1.19 ac (51,836 SF)
Zoning code
C
APN
372000 75.12-2-5
UPID
US63-0889584
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
Current use
Occupant on record · Public records
-
Near2Me Storage Units Storage Facility
-
Near2Me Self Storage Units Storage Facility
-
Kobu Asian Bistro Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$746k
Blend (final)
Blend
$560k
Owner & transaction history
L & G Group Ny LLC · 15 yrs held
L & G Group Ny LLC
since 2010
4 recorded transactions
Zoning & alternative use
C · Mahopac, NY
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 Mahopac submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mahopac 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
$375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$550,000
Current use
AUTO REPAIR, GARAGE
$460,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$152 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$10,573
Tax year 2020
Assessed value
$954,900
Assessed 2023
Previous assessed
$954,900
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$416,500
Assessed improvement
$538,400
Land market value
$416,500
Improvement market value
$538,400
Total market value
$954,900
Applied tax rate
372,001.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1953
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
3,680 SF
Lot
1.19 ac (51,836 SF)
Zoning code
C
APN
372000 75.12-2-5
UPID
US63-0889584
Jurisdiction
PUTNAM
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C · Mahopac, NY
Zoning C · permitted uses
C · Mahopac, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mahopac. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$550,000
AUTO REPAIR, GARAGE
Est. value
$460,000
RESTAURANT Current
AUTO REPAIR, GARAGE
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
1953
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
L & G Group Ny LLC
Entity
Free & Clear · 15 yrs held
Mailing address
903 S LK BLVD, MAHOPAC, NY 10541-4775
Ownership since
2010
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
Oct 4, 2010
$850,000
L & G Group Ny LLC
Miller,robert E
Grant Deed
—
Oct 4, 2010
$480,568
Robert E Miller
Aprea Management LLC
Grant Deed
—
May 31, 2005
$970,000
Aprea Management LLC
Miller,robert E
Grant Deed
$400,000 · Robert E Miller
—
—
L & G Group Ny LLC
—
Deed Of Trust
related
$325,000 · Phillip Shatz
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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