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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Motels
Queechy Lk Rd Canaan, NY 12029
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-4842425
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1965
Total area
10,785 SF
Lot
2.11 ac (91,912 SF)
Zoning code
RA-2
APN
102400 39.-1-29
UPID
US63-4842425
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
$955k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$477k
Blend (final)
Blend
$795k
Owner & transaction history
Sands Of Tyde LLC · 4 yrs held
Sands Of Tyde LLC
since 2021
Last sale
$775,000
1 recorded transaction
Zoning & alternative use
RA-2 · Canaan, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ficer of the Town of Canaan. ARTICLE III - ESTABLISHMENT OF DISTRICTS 15 A. The Town of Canaan, New York is hereby divided into the following districts:: Residential-Agricultural RA-1 Medium Density (2 and 5 acre zones) RA-2 Rural Density (2 and 5 acre zones) RA-3 Mobile Homes (2 and 5 acre zones) RA-4 Agricultural Density (10 acre zone) Commercial and Indus…
Zone name
Rural Density 2 And 5 Acre Zones
General category
AGRICULTURAL
Zone area
34,990.39 ac
Source
TOWN OF CANAAN
Top alternative use upside
Restaurant
$1.2M
+34.2%
Commercial (general)
$1.2M
+30.1%
Office building
$1.1M
+23.4%
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 Canaan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Canaan 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
$980,000
ML approach
$955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$915,000
Current use
RESTAURANT
$1,225,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,190,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$1,130,000
Change: +23% · Conversion: Difficult
AUTO REPAIR, GARAGE
$985,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$835,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $775k (Sep 13 2021)
Last sale anchor
$775k
Sep 13 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
$74 / 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
$594,000
Assessed 2023
Previous assessed
$594,000
+0.0% YoY
Assessed land
$141,480
Assessed improvement
$452,520
Land market value
$160,773
Improvement market value
$514,227
Total market value
$675,000
Applied tax rate
103,801.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1965
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
10,785 SF
Lot
2.11 ac (91,912 SF)
Zoning code
RA-2
APN
102400 39.-1-29
UPID
US63-4842425
Jurisdiction
COLUMBIA
Zoning & alternative use
RA-2 · Canaan, NYZoning RA-2 · permitted uses
RA-2 · Canaan, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ficer of the Town of Canaan. ARTICLE III - ESTABLISHMENT OF DISTRICTS 15 A. The Town of Canaan, New York is hereby divided into the following districts:: Residential-Agricultural RA-1 Medium Density (2 and 5 acre zones) RA-2 Rural Density (2 and 5 acre zones) RA-3 Mobile Homes (2 and 5 acre zones) RA-4 Agricultural Density (10 acre zone) Commercial and Industrial C-1 General Business C-2 General Commercial C-3 Light Industrial B. ZONING MAP
Zone name
Rural Density 2 And 5 Acre Zones
General category
AGRICULTURAL
Zone area
34,990.39 ac
Source
TOWN OF CANAAN
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$915,000
RESTAURANT
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$985,000
RETAIL STORES
Est. value
$835,000
HOTEL/MOTEL Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1965
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
2.11 ac
Current owner
From public records · entity-resolved
Sands Of Tyde LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 341, CANAAN, NY 12029-0341
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2021
$775,000
Sands Of Tyde LLC
Frances Veillette
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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