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    201 Main S St Perry, NY 14530-1616
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    Property profile & analytics

    201 Main S St, Perry, NY 14530-1616

    View on Map
    • Community centers
    • 8,078 SF
    • 2.02 lot acres
    Off-Market
    Last Sale Jun 7, 2022
    $840,000
    Property ID
    US63-3639834
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $840,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Western Union / Bank / Credit Union
    • Dollar General / Discount Store

    Property Details for 201 Main S St

    Year built
    1955
    Lot size
    2.02 lot acres
    Zone code
    05 - COMMERCIAL
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    562603 100.11-5-39.1
    APU
    562603100115391

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 7, 2022 $840,000 Alpine Income Prop Op LP Labonnene Vntrs Of Nv LLC Deed —
    Sep 10, 2019 $751,500 Labonnevie Ventures LLC Saw Buck LLC Grant Deed —
    Mar 3, 2016 $750,000 Saw Buck LLC Butternut Dg LLC Grant Deed $5.9M · Nbt Bk

    Description

    This fee-simple retail property in Perry, NY, offers a compelling investment opportunity. The 9,181 square foot building, constructed in 2003, sits on a 2-acre lot and is 100% occupied by a Dollar General under a Net Lease (NN) with a corporate guarantee. The lease, originally commencing October 1, 2003, has been extended and currently has approximately 3.9 years remaining, expiring September 30, 2028. The lease includes rent bumps and options for renewal. The property boasts a strong NOI of $58,800, resulting in an 8.50% cap rate. The Dollar General store enjoys high traffic, ranking in the top 35% of all Dollar General stores nationally and the top 20% in New York State. Its strategic location near major employers, schools, and a rapidly growing residential population (a 53.4% increase in the past two years) ensures continued strong performance. The asking price is $692,000. Download the offering memorandum for complete lease details.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $815,000
      ML approach
      $835,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $670,000
      RESTAURANT
      $645,000
      COMMERCIAL (GENERAL)
      $625,000
      OFFICE BUILDING
      $605,000
      AUTO REPAIR, GARAGE
      $540,000
      WAREHOUSE, STORAGE
      $525,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Perry
    County
    Wyoming
    State
    New York
    Longitude
    -78.0106
    Latitude
    42.7113

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $40,400
    $354,600
    $395,000
    -
    $41,228
    $361,872
    $403,100

    Comparable in this City

    • Value Estimation by Request
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      15 Parker Ln

      MINI-MALL
      15 Parker Ln, Perry, NY 14530-9703
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    • Value Estimation by Request
      7,500 SF

      36 Main N St

      SHOPPING CENTER, STRIP CENTER
      36 Main N St, Perry, NY 14530-1314
      View Details
    • Value Estimation
      $655,000
      23,316 SF

      Nn Ctr St

      SHOPPING CENTER, STRIP CENTER
      Nn Ctr St, Perry, NY 14530
      View Details
    • Value Estimation by Request
      720 SF

      11 Main N St

      RESTAURANT
      11 Main N St, Perry, NY 14530-1312
      View Details
    • Value Estimation by Request
      7,978 SF

      18 Federal S St

      RESTAURANT
      18 Federal S St, Perry, NY 14530-1420
      View Details
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    Perry, NY 14530-1616
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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