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Property profile

1575 Lake St Elmira, NY 14901

FOR LEASE
Warehouses
Property ID
US63-6213613
160,346 SF 12.16 ac lot Built 1952
Last sale Jan 2023 · $2,500,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional industrial property in Elmira, NY, presents a significant leasing opportunity. Located just two miles from the I-86 interchange, this 255,000-square-foot warehouse sits on a 12.22-acre lot, offering unparalleled access to major transportation routes. The building, constructed in 1952, features a robust structure with cement slab floors and steel I-beams, ensuring durability and longevity. High ceilings, measuring 13 feet, provide ample vertical space for various industrial…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$520k
Assessed land$96k
Assessed improvement$424k

Value estimate

· Oct 2026
$2.38M
$2.14M – $2.61M
AI approach$2.61M
Submarket $/SF estimate$2.37M
NOI build-up
Gross scheduled income$1.99M
Vacancy & credit loss−$149k
Operating expenses−$552k
NOI · 21,464,633.33% cap applied$1.29M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$41/SF
County average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$15 – $55

Cap rate analysis

How does the asset earn?
21,464,633.33%
$1.29M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
IA
This district is intended to create, preserve and enhance industrial areas devoted primarily to manufacturing establishments, research es...
General categoryINDUSTRIAL
JurisdictionCHEMUNG

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency25.3
Law Firm17.9
Dental Office17.8

Location

1575 Lake St Elmira, NY 14901
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1300 Baldwin, Elmira, NY 14901 $295,000 Jul 2024 13,081 SF
990 Sullivan, Elmira, NY 14901-1666 $710,000 Apr 2024 14,700 SF
310 Academy, Elmira, NY 14901 $70,000 Dec 2022 13,680 SF
3225 Lowr Maple, Elmira, NY 14901-9512 $247,000 Jun 2021 19,200 SF
1140 Sullivan, Elmira, NY 14901-1640 $900,000 Jul 2019 82,162 SF
104-108 Westside, Elmira, NY 14901 $120,000 May 2019 10,825 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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