Financial
Distress signals
Property profile

3137 Lake Rd Horseheads, NY 14845

FOR SALE
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Property ID
US63-1741940
3,390 SF 0.16 ac lot Built 1940
Last sale May 2023 · $68,900
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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3137 Lake Rd, Horseheads, NY 14845 For Sale
$115,000 3,390 SF
3137 Lake Rd, Horseheads, NY 14845
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Property summary

AI-generated overview

Built in 1925, this flex-space commercial property features a multi-level layout that includes private office space, a conference or retail area, an upstairs level, and a full basement. Bathroom plumbing has been installed and is available for completion. The building previously operated as a bridal shop and a youth center, reflecting a history of varied commercial and community-oriented use. Located at 3137 Lake Road in Horseheads, it provides access to I-86 and is zoned TH04 (Business), with

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$103k
Assessed land$27k
Assessed improvement$76k

Value estimate

· Sep 2026
$70k
$63k – $77k
AI approach$75k
NOI build-up
Gross scheduled income$38k
Vacancy & credit loss−$3k
Operating expenses−$10k
NOI · 21.29% cap applied$24k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$77/SF
ZIP average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$42 – $106
Qualifying comparables7

Cap rate analysis

How does the asset earn?
21.29%
$24k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
TH04
JurisdictionCHEMUNG

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency16.0
Dental Office12.7
Pharmacy10.8

Location

3137 Lake Rd Horseheads, NY 14845
County assessor Recorded deeds · 2 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1015 Kendall, Horseheads, NY 14845-2216 $250,000 Jul 2024 3,008 SF
914 Lackawanna, Horseheads, NY 14845-2219 $200,000 Jan 2023 3,986 SF
302 Franklin, Horseheads, NY 14845-2341 $225,000 Dec 2022 2,829 SF
3082 Lk, Horseheads, NY 14845 $440,000 Oct 2022 3,744 SF
110-112 Main, Horseheads, NY 14845 $115,000 May 2022 3,120 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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