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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Warehouses
173 Bob Masia Dr Pine City, NY 14871-9711
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-5333630
Property profile
Verified
Property type
Warehouses
Use group
BULK STORAGE, TANKS
Year built
1990
Total area
8,000 SF
Lot
6.25 ac (272,250 SF)
Zoning code
I
APN
073600 109.00-1-37.212
UPID
US63-5333630
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
-
Bolt Storage - Bob Masia Dr Storage Facility
-
Bolt Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$890k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$511k
Blend (final)
Blend
$805k
Owner & transaction history
192 Old Ithaca LLC · 5 yrs held
192 Old Ithaca LLC
since 2021
Last sale
$797,220
4 recorded transactions
Zoning & alternative use
I · Pine City, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$740,000
+29.1%
Restaurant
$680,000
+18.9%
Auto repair, garage
$640,000
+11.9%
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 Pine City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pine City 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
$820,000
ML approach
$890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WASTE DISPOSAL, SEWAGE (PROCESSING, DISPOSAL, STORAGE, TREATMENT)
$570,000
Current use
COMMERCIAL (GENERAL)
$740,000
Change: +29% · Conversion: Difficult
RESTAURANT
$680,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$640,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$560,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$805k
Range $725k – $886k · ±10% · vs last sale $797k (May 28 2021)
Last sale anchor
$797k
May 28 2021
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
$101 / 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
$445,000
Assessed 2023
Previous assessed
$445,000
+0.0% YoY
Assessed land
$45,800
Assessed improvement
$399,200
Land market value
$53,882
Improvement market value
$469,647
Total market value
$523,529
Applied tax rate
70,400.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Warehouses
Use group
BULK STORAGE, TANKS
Status
Off-Market
Year built
1990
Buildings
13
Stories
1
Total area
8,000 SF
Lot
6.25 ac (272,250 SF)
Zoning code
I
APN
073600 109.00-1-37.212
UPID
US63-5333630
Jurisdiction
CHEMUNG
Zoning & alternative use
I · Pine City, NY
Zoning I · permitted uses
I · Pine City, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pine City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WASTE DISPOSAL, SEWAGE (PROCESSING, DISPOSAL, STORAGE, TREATMENT) Current
Est. value
$570,000
COMMERCIAL (GENERAL)
Est. value
$740,000
RESTAURANT
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$640,000
OFFICE BUILDING
Est. value
$560,000
WASTE DISPOSAL, SEWAGE (PROCESSING, DISPOSAL, STORAGE, TREATMENT) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
1990
Stories
1
Buildings
13
Lot
6.25 ac
Current owner
From public records · entity-resolved
192 Old Ithaca LLC
Entity
Mailing address
228 PARK AVE S, NEW YORK, NY 10003-1502
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2023
—
192 Old Ithaca LLC
—
Deed
related
$1,443,311 · Corning FCU
May 28, 2021
$797,220
192 Old Ithaca LLC
Southport Rental Services
Warranty Deed
$2,740,050 · Key Bank NA
Jun 16, 2016
—
Southport Rental Services
—
Deed
related
$915,021 · M&t Bank NA
Feb 17, 2009
—
Leon Tuttle
Leon Tuttle
Intrafamily Transfer
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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