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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Banks
150 Lk St Ste 170 Elmira, NY 14901-3401
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-3716286
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1970
Total area
52,750 SF
Lot
2.4 ac (104,544 SF)
Zoning code
CBD
APN
070400 89.19-7-5
UPID
US63-3716286
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
$1.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$995k
Owner & transaction history
Chemung County Ny · 3 yrs held
Chemung County Ny
since 2023
Last sale
$1.0M
1 recorded transaction
Zoning & alternative use
CBD · Elmira, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to create, preserve and enhance the Elmira Central Business District as a regional center of shopping, employment, offices, hotels and motels, government, banking, investment and financial services, entertainment, and culture.
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
81.29 ac
Source
Realmo
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 Elmira submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elmira 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
$985,000
ML approach
$1,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $1.00M (Jun 23 2023)
Last sale anchor
$1.00M
Jun 23 2023
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
$19 / 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
Tax year 2020Property tax & assessments
Tax year 2020
Assessed value
$825,000
Assessed 2023
Previous assessed
$825,000
+0.0% YoY
Assessed land
$120,000
Assessed improvement
$705,000
Land market value
$181,818
Improvement market value
$1,068,182
Total market value
$1,250,000
Applied tax rate
70,400.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1970
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
4
Total area
52,750 SF
Lot
2.4 ac (104,544 SF)
Zoning code
CBD
APN
070400 89.19-7-5
UPID
US63-3716286
Jurisdiction
CHEMUNG
Zoning & alternative use
CBD · Elmira, NYZoning CBD · permitted uses
CBD · Elmira, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to create, preserve and enhance the Elmira Central Business District as a regional center of shopping, employment, offices, hotels and motels, government, banking, investment and financial services, entertainment, and culture.
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
81.29 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Cooling
Yes
Stories
4
Buildings
1
Lot
2.4 ac
Current owner
From public records · entity-resolved
Chemung County Ny
Entity
Free & Clear · 3 yrs held
Mailing address
320 E MARKET ST, ELMIRA, NY 14901-3004
Ownership since
2023
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
Jun 23, 2023
$1,000,000
Chemung County Ny
Capim Development LLC
Warranty 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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