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Property profile & analytics
OFF-MARKET
Specialty properties
11 Main St Homer, NY 13077-1314
Entity Owned
6-yr Hold
Free & Clear
Property ID
US63-3451853
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1977
Total area
17,444 SF
Lot
1.67 ac (72,745 SF)
Zoning code
07 - MIXED
APN
113001 66.75-01-28.000
UPID
US63-3451853
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
Current use
Occupant on record · Public records
-
Marie's bridal boutique Clothing Store
-
Homer Men and Boys Store Clothing Store Men'S Clothing Store
-
Mollie Riley Interiors Interior Design Home Decor Store
-
The Point by Mollie Riley Interiors (Bike/Boat/Book/etc) Store
-
Farmers Insurance - Ed Greenblatt Insurance Agency
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
Dm3/cortland LLC · 6 yrs held
Dm3/cortland LLC
since 2019
4 recorded transactions
Zoning & alternative use
07 - MIXED · Homer, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Homer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Homer 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
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,081
Tax year 2023
Assessed value
$235,000
Assessed 2023
Previous assessed
$235,000
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$50,000
Assessed improvement
$185,000
Land market value
$72,464
Improvement market value
$268,116
Total market value
$340,580
Applied tax rate
113,001.0000
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1977
Heating
STEAM
Buildings
1
Stories
2
Bathrooms
3
Total area
17,444 SF
Lot
1.67 ac (72,745 SF)
Zoning code
07 - MIXED
APN
113001 66.75-01-28.000
UPID
US63-3451853
Jurisdiction
CORTLAND
Zoning & alternative use
07 - MIXED · Homer, NY
Zoning 07 - MIXED · permitted uses
07 - MIXED · Homer, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Homer. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1977
Heating
STEAM
Stories
2
Buildings
1
Bathrooms
3
Lot
1.67 ac
Current owner
From public records · entity-resolved
Dm3/cortland LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 328, CORTLAND, NY 13045-0328
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2019
$1,200,000
Dm3/cortland LLC
Niederhofer,thomas R
Warranty Deed
—
Jan 14, 2011
$210,000
Thomas R Niederhofer
Hall,wesley C
Warranty Deed
$210,000 · First Nat'l Bk/dryden
—
—
Thomas R Niederhofer
—
Deed Of Trust
related
$284,174 · First Nat'l Bk/dryden
—
—
Thomas R Niederhofer
—
Loan Modification
related
$284,174 · First Nat'l Bk/dryden
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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