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Financial
Distress signals
Property profile

1801 Water St West Elmira, NY 14905

FOR LEASE
Other investment properties
Property ID
US63-1415625
9,552 SF 0.46 ac lot Built 1970
Last sale May 2024 · $670,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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1801 Water St West, Elmira, NY 14905 For Lease
$10.07 SF/Yr 1,550 SF available
1801 Water St West, Elmira, NY 14905
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Property summary

AI-generated overview

This commercial space comprises 1,550 square feet of storefront and/or office area located in West Elmira at a busy intersection, positioned near established retail and service tenants. The interior layout includes a showroom, office, restroom, and storage area. The space has dedicated heating and air conditioning. Externally, it has high visibility from NYS Route 352 and includes parking located behind the building.

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$327k
Assessed land$28k
Assessed improvement$299k

Value estimate

· Oct 2026
$270k
$243k – $297k
Submarket $/SF estimate$495k
NOI build-up
Gross scheduled income$19k
Vacancy & credit loss−$1k
Operating expenses−$5k
NOI · 118,947.37% cap applied$12k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$47/SF
Submarket average, outlier-cleaned · 99 recorded sales of this use type
Observed band · Q1–Q3$27 – $71

Cap rate analysis

How does the asset earn?
118,947.37%
$12k 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?
NB
JurisdictionCHEMUNG

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office10.1
Building Supply9.9
HVAC Service9.7

Location

1801 Water St West Elmira, NY 14905
County assessor Recorded deeds · 4 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 · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
407 Water, Elmira, NY 14905-2562 $50,000 Sep 2024 3,449 SF
219 Hoffman, Elmira, NY 14905-2423 $50,000 Jul 2024 3,405 SF
1223 Water, Elmira, NY 14905-1944 $109,000 Jan 2022 2,919 SF
458 Water, Elmira, NY 14905-2543 $200,000 Dec 2021 7,005 SF
700-702 Water, Elmira, NY 14905 $20,000 Nov 2021 4,312 SF
534 Church, Elmira, NY 14905-2526 $42,000 Mar 2021 3,068 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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