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Property profile & analytics
OFF-MARKET
Estimated value
$320,000
Investment properties
177 Main St 187 Hornell, NY 14843-1524
Entity Owned
5-yr Hold
Free & Clear
Property ID
US63-3744672
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1950
Total area
10,132 SF
Lot
0.38 ac (16,610 SF)
Zoning code
B-2
APN
460600 151.72-01-077.100
UPID
US63-3744672
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
$320k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$320k
Owner & transaction history
Orgs Realty LLC · 5 yrs held
Orgs Realty LLC
since 2021
2 recorded transactions
Zoning & alternative use
B-2 · Hornell, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
y, morals and general welfare of the community, the City of Hornell is hereby divided into the following types of districts: A. Residence districts as follows: R-1, R-2 and R-3. B. Business districts as follows: B-1 and B-2. C. Industrial districts as follows: I-1 and 1-2. § 315-5 Zoning Map. Said districts are bounded and defined as shown on a map entitled…
Zone name
Business District
General category
COMMERCIAL
Zone area
250.56 ac
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 Hornell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hornell 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
by Request
ML approach
$320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$320k
Range $288k – $352k · ±10%
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
$32 / 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
Property tax & assessments
Assessed value
$220,000
Assessed 2023
Previous assessed
$220,000
+0.0% YoY
Assessed land
$90,900
Assessed improvement
$129,100
Land market value
$95,684
Improvement market value
$135,895
Total market value
$231,579
Applied tax rate
460,600.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1950
Heating
NONE
Buildings
3
Stories
1
Total area
10,132 SF
Lot
0.38 ac (16,610 SF)
Zoning code
B-2
APN
460600 151.72-01-077.100
UPID
US63-3744672
Jurisdiction
STEUBEN
Zoning & alternative use
B-2 · Hornell, NYZoning B-2 · permitted uses
B-2 · Hornell, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
y, morals and general welfare of the community, the City of Hornell is hereby divided into the following types of districts: A. Residence districts as follows: R-1, R-2 and R-3. B. Business districts as follows: B-1 and B-2. C. Industrial districts as follows: I-1 and 1-2. § 315-5 Zoning Map. Said districts are bounded and defined as shown on a map entitled "Zoning Map, City of Hornell, New York," which, with all explanatory matter thereon
Zone name
Business District
General category
COMMERCIAL
Zone area
250.56 ac
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Stories
1
Buildings
3
Lot
0.38 ac
Current owner
From public records · entity-resolved
Orgs Realty LLC
Entity
Free & Clear · 5 yrs held
Mailing address
161 MAIN ST, HORNELL, NY 14843-1524
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2022
—
Orgs Realty LLC
—
Deed
related
$740,000 · Community Bank NA
Jun 2, 2021
—
Orgs Realty LLC
Hornell Furniture Out INC
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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