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Property profile & analytics
OFF-MARKET
Banks
141 Main St, Worcester, NY 12197-3510
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-2784987
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Lot
0.14 ac (6,098 SF)
Zoning code
RHD
APN
366600 199.18-1-60.00
UPID
US63-2784987
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
-
Citizens Bank ATM Atm
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
Leo Koel · 4 yrs held
Leo Koel
since 2021
Last sale
$110,000
5 recorded transactions
Zoning & alternative use
RHD · Worcester, 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 Worcester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Worcester 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
$80,000
Assessed 2023
Previous assessed
$150,000
-46.7% YoY
Assessed land
$15,000
Assessed improvement
$65,000
Land market value
$32,609
Improvement market value
$141,304
Total market value
$173,913
Applied tax rate
366,606.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Heating
NONE
Lot
0.14 ac (6,098 SF)
Zoning code
RHD
APN
366600 199.18-1-60.00
UPID
US63-2784987
Jurisdiction
OTSEGO
Zoning & alternative use
RHD · Worcester, NY
Zoning RHD · permitted uses
RHD · Worcester, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Worcester. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.14 ac
Current owner
From public records · entity-resolved
Leo Koel
Individual
Free & Clear · 4 yrs held
Mailing address
185 ECHO AVE, MILLER PLACE, NY 11764-2307
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2021
$83,500
Leo Koel
Us Bank NA
Deed
—
Mar 16, 2020
$1,000
Lb-ubs 2006-c7 Ny 2 Prop LLC
Referee Of Otsego County|cre Jv Mixed Fifteen Ny 2
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jul 21, 2006
—
Cre Jv Mixed Fifteen Nyz Branc
Cre Jv Mixed Fifteen Branch Ho
Quit Claim Deed
related
—
Jul 6, 2006
$307,935
Jv Mixed Fifteen Bran C Cre
Citizens Bank NA
Warranty Deed
—
May 4, 2005
—
Citizens Bank NA
Charter One Bank National A
Warranty Deed
related
—
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.
Try Rey
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