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1020 Center St, Horseheads, NY 14845
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Property summary
AI-generated overview
The property is a commercial storefront located at 1020 Center Street in a business district setting. It has been operated as an established home furnishings business and is configured for retail use, with the listing describing inclusion of the business’s inventory and existing rental agreements as part of the operating history. The property is suited to continued owner-operator use or investment use based on its existing retail setup.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1962
Total area
248,126 SF
Lot
20.6 ac (897,336 SF)
Zoning code
VH05
APN
073401 59.13-3-3
UPID
US63-2490306
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Shopping Center & Mall
-
Restaurant
-
Take-out & Catering Catering Service
-
Restaurant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.53M
Owner & transaction history
since 2025
3 recorded transactions
Zoning & alternative use
VH05 · Horseheads, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.53M
Value range
$1.38M – $1.68M
±10% around blend
Estimated value / SF
$6 / SF
Confidence
Property data
100
Comparable evidence
60
$1.38M
blend $1.53M
$1.68M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
248,126 SF
Lot area
20.6 ac
Year built
1962
Stories
2
APN
073401 59.13-3-3
Zoning
VH05
Assessed value
$5,800,000
Annual tax
$61,959
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.53M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.80M
Move the market yield to see immediate price impact.
Value / SF
$23
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$365k
$7.31M
$5.22M
$4.06M
$406k
$8.12M
$5.80M
$4.51M
$447k
$8.93M
$6.38M
$4.96M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$61,959
Tax year 2020
Assessed value
$5,800,000
Assessed 2023
Previous assessed
$4,700,000
+23.4% YoY
Effective rate
1.07%
On assessed value
Assessed land
$2,677,000
Assessed improvement
$3,123,000
Land market value
$2,704,040
Improvement market value
$3,154,546
Total market value
$5,858,586
Applied tax rate
73,401.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Sale
Year built
1962
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
2
Total area
248,126 SF
Lot
20.6 ac (897,336 SF)
Zoning code
VH05
APN
073401 59.13-3-3
UPID
US63-2490306
Jurisdiction
CHEMUNG
Zoning & alternative use
VH05 · Horseheads, NYZoning VH05 · permitted uses
VH05 · Horseheads, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Lot
20.6 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
VH05
Jurisdiction
Horseheads, NY
Recorded code
VH05
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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