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Property profile & analytics
OFF-MARKET
Estimated value
$4,130,000
Hotels
125 Denison E Pkwy Corning, NY 14830-2704
Entity Owned
9-yr Hold
Free & Clear
Property ID
US63-3122698
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1974
Total area
90,947 SF
Lot
2.79 ac (121,532 SF)
Zoning code
C
APN
460300 318.46-01-007.000
UPID
US63-3122698
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
-
Grill 1-2-5 and Steuben Bar Restaurant
-
Market Street Social Tapas Bar at Radisson Hotel Corning Bar & Pub
-
Radisson Hotel Corning Hotel & Motel
-
Corning NY Kiwanis Association / Organization
-
BURGER KING Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.49M
Comparable Approach
Comparable
$3.77M
Blend (final)
Blend
$4.13M
Owner & transaction history
Corning Hotel Owner, LLC · 9 yrs held
Corning Hotel Owner, LLC
since 2016
2 recorded transactions
Zoning & alternative use
C · Corning, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.5M
+94.9%
Retail stores
$6.2M
+87.5%
Warehouse, storage
$4.7M
+42.4%
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%
$4,860,000
6.5%
$4,485,000
7%
$4,165,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,325,000
Current use
MEDICAL BUILDING
$6,480,000
Change: +95% · Conversion: Difficult
RETAIL STORES
$6,235,000
Change: +87% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,735,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$4,115,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$4.13M
Range $3.72M – $4.54M · ±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
$45 / 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
$7,750,000
Assessed 2023
Previous assessed
$6,680,000
+16.0% YoY
Assessed land
$1,380,000
Assessed improvement
$6,370,000
Land market value
$1,380,000
Improvement market value
$6,370,000
Total market value
$7,750,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1974
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
90,947 SF
Lot
2.79 ac (121,532 SF)
Zoning code
C
APN
460300 318.46-01-007.000
UPID
US63-3122698
Jurisdiction
STEUBEN
Zoning & alternative use
C · Corning, NY
Zoning C · permitted uses
C · Corning, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corning. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$6.5M
RETAIL STORES
Est. value
$6.2M
WAREHOUSE, STORAGE
Est. value
$4.7M
OFFICE BUILDING
Est. value
$4.1M
HOTEL/MOTEL Current
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Cooling
Yes
Stories
3
Buildings
1
Lot
2.79 ac
Current owner
From public records · entity-resolved
Corning Hotel Owner, LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1211 W 22ND ST STE #1002, OAK BROOK, IL 60523-3227
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2016
$8,890,000
Corning Hotel Owner, LLC
Corning Hotel Corporation
Deed
—
Apr 13, 2006
$73,059
Corning Hotel Mgt LLC
Frank X Fisher
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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