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    Property profile & analytics

    101 Main St Phelps, NY 14532

    • Investment properties
    • 5,614 SF
    • 0.06 lot acres
    For Sale
    View listing
    $400,000
    Value Estimation
    Location Intelligence
    Property ID
    US63-1545906
    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.

    Current Use by Public Records

    • Investment properties

    Property Details for 101 Main St

    Year built
    1960
    Lot size
    0.06 lot acres
    Property size
    5,614 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    324001 48.09-1-16.000
    APU
    3240014809116000

    Description

    This exceptional Phelps, NY property presents a unique investment opportunity. The 8,298 square foot building, constructed in 1839 and situated at 101 Main St, boasts a compelling blend of commercial and residential space. The property includes three spacious upper-level apartments, each offering comfort and convenience, and featuring an open rear deck. Below, find versatile retail spaces, ideal for a variety of uses such as a storefront, restaurant, or event space. Large front windows ensure maximum visibility and appeal. The building's prime location in a high-traffic area promises lucrative returns. Recent upgrades include a new rubber roof (2015) and new back stairs, ensuring long-term value and minimizing maintenance concerns. The property's strong rental income potential, coupled with the commercial space, makes this an attractive investment. With a pro-forma NOI of $46,735 and a pro-forma cap rate of 11.68%, this landmark property offers significant future potential. The asking price is $400,000, with a price per unit of $80,000. The property is currently available for sale by owner and the occupancy date is October 9, 2024. This is a rare chance to acquire a piece of Phelps history with substantial upside.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $230,000

    • CAP approach

      CAP return
      Estimation
      6%
      $295,000
      6.5%
      $330,000
      7%
      $305,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $260,000
      Geo Method
      $290,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $340,000
      Retail
      $285,000
      Mixed-Use
      $275,000
      Hospitality
      $325,000
      Educational
      $330,000
      Residential Income
      $305,000
      Energy
      $255,000
      Income-Based Land
      $325,000
      Food Service
      $300,000

    Location Insight

    • Map
    • Local Demand
    City
    Phelps
    County
    Ontario
    State
    New York
    Longitude
    -77.0584
    Latitude
    42.9577
    CBSA code
    40380
    CBSA name
    ROCHESTER, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $9,200
    $170,800
    $180,000
    -
    $11,219
    $208,281
    $219,500

    Comparable in this City

    • Value Estimation by Request
      2,550 SF

      84 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,550 SF
      84 Main St, Phelps, NY 14532-1053
      View Details
    • Value Estimation by Request
      2,660 SF

      775 Cross Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,660 SF
      775 Cross Rd, Phelps, NY 14532-9652
      View Details
    • Value Estimation by Request
      2,156 SF

      5 Church St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,156 SF
      5 Church St, Phelps, NY 14532-1103
      View Details
    • Value Estimation
      $80,000
      1,652 SF

      104 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,652 SF
      104 Main St, Phelps, NY 14532-1017
      View Details
    • Value Estimation by Request
      3,726 SF

      86-88 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,726 SF
      86-88 Main St, Phelps, NY 14532
      View Details
    • Value Estimation
      $195,000
      6,429 SF

      99 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,429 SF
      99 Main St, Phelps, NY 14532-1018
      View Details

    Similar Nearby for Sale

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    • $235,000
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      Four-Unit Multifamily Property in Phelps

      Four-unit multifamily property with off-street parking and desirable setting.
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      52 Acres in Phelps Village

      52 acres with utilities in growing Phelps, NY.
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      Land Available in Phelps, NY

      Land for sale in Phelps, New York.
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    101 Main St
    Phelps, NY 14532
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    Realmo Value Estimation

    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.

    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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