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Property profile & analytics
OFF-MARKET
Estimated value
$16,715,000
Hotels
Mohonk Mtn Rst Rd, High Falls, NY 12440
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US63-3166342
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1890
Total area
216,439 SF
Lot
561.9 ac (24,476,364 SF)
Zoning code
A4
APN
513400 78.1-1-22.111
UPID
US63-3166342
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
$17.80M
Comparable Approach
Comparable
$15.63M
Blend (final)
Blend
$16.72M
Owner & transaction history
Smiley Brothers INC
Smiley Brothers INC
2 recorded transactions
Zoning & alternative use
A4 · High Falls, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$26.4M
+126.2%
Auto repair, garage
$25.0M
+114.6%
Office building
$21.6M
+85.5%
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 High Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs High Falls 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%
$19,275,000
6.5%
$17,795,000
7%
$16,525,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$11,650,000
Current use
COMMERCIAL (GENERAL)
$26,360,000
Change: +126% · Conversion: Difficult
AUTO REPAIR, GARAGE
$25,005,000
Change: +115% · Conversion: Difficult
OFFICE BUILDING
$21,615,000
Change: +86% · Conversion: Difficult
WAREHOUSE, STORAGE
$14,670,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$14,435,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$13,740,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$16.72M
Range $15.04M – $18.39M · ±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
$77 / 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
Property tax & assessments
Assessed value
$26,000,000
Assessed 2023
Previous assessed
$26,000,000
+0.0% YoY
Assessed land
$1,800,000
Assessed improvement
$24,200,000
Land market value
$2,950,820
Improvement market value
$39,672,131
Total market value
$42,622,951
Applied tax rate
513,401.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1890
Heating
HOT WATER
Cooling
PARTIAL
Buildings
41
Stories
7
Bathrooms
30
Total area
216,439 SF
Lot
561.9 ac (24,476,364 SF)
Zoning code
A4
APN
513400 78.1-1-22.111
UPID
US63-3166342
Jurisdiction
ULSTER
Zoning & alternative use
A4 · High Falls, NY
Zoning A4 · permitted uses
A4 · High Falls, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
High Falls. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$11.7M
COMMERCIAL (GENERAL)
Est. value
$26.4M
AUTO REPAIR, GARAGE
Est. value
$25.0M
OFFICE BUILDING
Est. value
$21.6M
WAREHOUSE, STORAGE
Est. value
$14.7M
MEDICAL BUILDING
Est. value
$14.4M
RETAIL STORES
Est. value
$13.7M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
MEDICAL BUILDING
RETAIL STORES
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
1890
Heating
HOT WATER
Cooling
Yes
Stories
7
Buildings
41
Bathrooms
30
Lot
561.9 ac
Current owner
From public records · entity-resolved
Smiley Brothers INC
Entity
Mailing address
LK MOHONK, NEW PALTZ, NY 12561
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Smiley Brothers INC
—
Loan Modification, Consolidation And Extension
related
$19,026,583 · M&t Bk
—
—
Smiley Brothers INC
—
Deed Of Trust
related
$4,500,000 · M&t Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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