12 Park Dr Hornell, NY 14843
Property Lookup
Property profile & analytics
12 Park Dr Hornell, NY 14843
- Community centers
- 13,776 SF
- 1.71 lot acres
Property ID
US63-3293399
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.
Location Intelligence
Current Use by Public Records
- Walgreens Pharmacy / Pharmacy
- Irfan M. Mehr, RPh / Pharmacy
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- Walgreens / Cosmetic Store
- LibertyX Bitcoin ATM / Atm
Property Details for 12 Park Dr
- Year built
- 2004
- Lot size
- 1.71 lot acres
- Property size
- 13,776 SF
- Zone code
- B-2
- Property type
- Community centers
- Property subtype
- Shopping centers
- APN
- 460600 166.06-07-046.101
- APU
- 4606001660607046101
Description
This exceptional investment opportunity presents a fee-simple ownership of a 13,813 square-foot Walgreens pharmacy located at 12 Park Dr, Hornell, NY 14843. The property boasts a strong absolute NNN lease with a corporate guarantee from Walgreens, minimizing landlord responsibilities. The lease, originally commencing February 23, 2005, has been extended and currently has approximately 9.4 years remaining, expiring March 30, 2034. Built in 2004, this single-tenant property sits on a 1.71-acre lot with 67 parking spaces and features a convenient drive-thru. The property enjoys a high occupancy rate of 100% and generates a substantial net operating income (NOI) of $337,380, representing a 6.50% cap rate. The asking price is $5,190,000, translating to $375.73 per square foot. The property is zoned B-2 General and benefits from a high-traffic location at the intersection of State Highway 36 and Park Drive, experiencing 20,100 vehicles daily. The trade area is well-supported by a population of 15,000 residents and 9,000 employees, with an average income of $68,983. Future rental increases are built into the lease, with adjustments scheduled for 2025 and 2030. This is a rare opportunity to acquire a stable, high-performing asset with a national tenant in a desirable location. The property's APN is 460600 166.06-07-046.101.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,530,000
- ML approach
- $5,055,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hornell
- County
- Steuben
- State
- New York
- Longitude
- -77.6604
- Latitude
- 42.3213
- CBSA code
- 18500
- CBSA name
- CORNING, NY MICROPOLITAN 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
$126,500
$2,141,500
$2,268,000
-
$133,158
$2,254,210
$2,387,368
