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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Drive through restaurants
121 Denison W Pkwy Corning, NY 14830-2516
Entity Owned
14-yr Hold
Free & Clear
Property ID
US63-2500212
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1988
Total area
3,057 SF
Lot
0.22 ac (9,555 SF)
Zoning code
C
APN
460300 317.44-01-037.000
UPID
US63-2500212
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
$543k
Blend (final)
Blend
$505k
Owner & transaction history
L&d Corning LLC · 14 yrs held
L&d Corning LLC
since 2012
1 recorded transaction
Zoning & alternative use
C · Corning, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
0-17 Interpretation of district boundaries. § 240-18 Residential Low Density (R1). § 240-19 Residential Moderate Density (R2). § 240-20 Multiple Residence (MR). § 240-21 Residential Transition (RT). § 240-22 Commercial (C). § 240-23 Commercial/Light Industrial (CL). § 240-24 Business Development (BD). § 240-25 Industrial (I). § 240-26 Public-Conservation (PC…
Zone name
Commercial
General category
COMMERCIAL
Zone area
163.36 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 Corning submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corning 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$505k
Range $455k – $556k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$165 / SF
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
$810,000
Assessed 2023
Previous assessed
$580,000
+39.7% YoY
Assessed land
$180,000
Assessed improvement
$630,000
Land market value
$180,000
Improvement market value
$630,000
Total market value
$810,000
Applied tax rate
460,300.0000
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
1988
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
3,057 SF
Lot
0.22 ac (9,555 SF)
Zoning code
C
APN
460300 317.44-01-037.000
UPID
US63-2500212
Jurisdiction
STEUBEN
Zoning & alternative use
C · Corning, NYZoning C · permitted uses
C · Corning, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
0-17 Interpretation of district boundaries. § 240-18 Residential Low Density (R1). § 240-19 Residential Moderate Density (R2). § 240-20 Multiple Residence (MR). § 240-21 Residential Transition (RT). § 240-22 Commercial (C). § 240-23 Commercial/Light Industrial (CL). § 240-24 Business Development (BD). § 240-25 Industrial (I). § 240-26 Public-Conservation (PC). Article V Planned Development District (PDD) § 240-27 Intent. § 240-28 Permitt
Zone name
Commercial
General category
COMMERCIAL
Zone area
163.36 ac
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
L&d Corning LLC
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 6969, SYRACUSE, NY 13217-6969
Ownership since
2012
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
Apr 4, 2012
—
L&d Corning LLC
Lawrence Kessler
Deed
—
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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