Individually Owned 
For Sale
1 / 4
$329,000
14492 Lake St, Sterling, NY 13156
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Property summary
AI-generated overview
The property is a redevelopment site in the village core of Fair Haven, New York, within the Lake Ontario tourism corridor, comprising approximately 5.85 acres of land. The site is located in an area served by Central Business District (CBD) zoning and is suited to a range of commercial and residential development concepts. It is positioned near Fair Haven Beach State Park and is configured to support frontage development while preserving portions of the site that include wooded areas toward the rear; environmental review indicates potential considerations in the wooded rear portion, which may influence site planning and design. Site utilities include on-site three-phase electrical service (120/240/208), a 6-inch public water main with an on-site fire hydrant, and access to public sewer, supporting development across a variety of intensities. Existing due diligence documentation includes a Phase I Environmental Site Assessment, Phase II Environmental, and a current survey.
Property profile
Verified
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Total area
12,148 SF
Lot
6.15 ac (267,894 SF)
Zoning code
05 - COMMERCIAL
APN
055601 9.17-1-12.11
UPID
US63-4127837
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$230k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$255k
Owner & transaction history
since 2016
3 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Sterling, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$255k
Value range
$230k – $281k
±10% around blend
Estimated value / SF
$21 / SF
Confidence
Property data
100
Comparable evidence
60
$230k
blend $255k
$281k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,148 SF
Lot area
6.15 ac
Year built
1950
Stories
1
APN
055601 9.17-1-12.11
Zoning
05 - COMMERCIAL
Assessed value
$39,400
Annual tax
$1,205
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$255k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$39k
Move the market yield to see immediate price impact.
Value / SF
$3
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$2k
$50k
$35k
$28k
$3k
$55k
$39k
$31k
$3k
$61k
$43k
$34k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$1,205
Tax year 2019
Assessed value
$39,400
Assessed 2023
Previous assessed
$39,400
+0.0% YoY
Effective rate
3.06%
On assessed value
Assessed land
$29,400
Assessed improvement
$10,000
Land market value
$45,938
Improvement market value
$15,625
Total market value
$61,563
Applied tax rate
544,803.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1950
Heating
NONE
Buildings
1
Stories
1
Total area
12,148 SF
Lot
6.15 ac (267,894 SF)
Zoning code
05 - COMMERCIAL
APN
055601 9.17-1-12.11
UPID
US63-4127837
Jurisdiction
CAYUGA
Zoning & alternative use
05 - COMMERCIAL · Sterling, NYZoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · Sterling, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Stories
1
Buildings
1
Lot
6.15 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
05 - COMMERCIAL
Jurisdiction
Sterling, NY
Recorded code
05 - COMMERCIAL
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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