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Property profile & analytics
OFF-MARKET
Drive through restaurants
1050 State Rte 36 Hornell, NY 14843-9300
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-1548637
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2005
Total area
1,956 SF
Lot
0.58 ac (25,265 SF)
Zoning code
B-2
APN
460600 136.03-01-001.003
UPID
US63-1548637
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Indus Real Estate LLC · 4 yrs held
Indus Real Estate LLC
since 2021
1 recorded transaction
Zoning & alternative use
B-2 · Hornell, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
y, morals and general welfare of the community, the City of Hornell is hereby divided into the following types of districts: A. Residence districts as follows: R-1, R-2 and R-3. B. Business districts as follows: B-1 and B-2. C. Industrial districts as follows: I-1 and 1-2. § 315-5 Zoning Map. Said districts are bounded and defined as shown on a map entitled…
Zone name
Business District
General category
COMMERCIAL
Zone area
250.56 ac
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 Hornell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hornell 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$565,000
Assessed 2023
Previous assessed
$565,000
+0.0% YoY
Assessed land
$390,000
Assessed improvement
$175,000
Land market value
$410,526
Improvement market value
$184,211
Total market value
$594,737
Applied tax rate
460,600.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2005
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
1,956 SF
Lot
0.58 ac (25,265 SF)
Zoning code
B-2
APN
460600 136.03-01-001.003
UPID
US63-1548637
Jurisdiction
STEUBEN
Zoning & alternative use
B-2 · Hornell, NYZoning B-2 · permitted uses
B-2 · Hornell, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
y, morals and general welfare of the community, the City of Hornell is hereby divided into the following types of districts: A. Residence districts as follows: R-1, R-2 and R-3. B. Business districts as follows: B-1 and B-2. C. Industrial districts as follows: I-1 and 1-2. § 315-5 Zoning Map. Said districts are bounded and defined as shown on a map entitled "Zoning Map, City of Hornell, New York," which, with all explanatory matter thereon
Zone name
Business District
General category
COMMERCIAL
Zone area
250.56 ac
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Indus Real Estate LLC
Entity
Mailing address
950 PANORAMA TRL S, ROCHESTER, NY 14625-2312
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Dec 6, 2021
—
Indus Real Estate LLC
—
Deed
related
$1,200,000 · Five Star Bank
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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