Realmo Analytics

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Property profile

214 South Main St Newark, NY 14513

FOR SALE
Other investment properties
Property ID
US63-3787741
6,655 SF 0.21 ac lot Built 1960
Last sale Feb 2013 · $70,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
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214 South Main St, Newark, NY 14513 For Sale
$375,000 6,655 SF
214 South Main St, Newark, NY 14513
View Listing

Property summary

AI-generated overview

The property is a vacant retail storefront in downtown Newark, located between Parker's Restaurant and the Grind On Coffee Shop. It is a mixed-use-era building constructed in 1900 and is zoned C1 (Commercial). The storefront features an internally lit sign box on the building facade designed to allow installation of a tenant-selected sign face. Parking is available as shared spaces directly in front of the building, with additional common parking located behind it. The space is configured as a flexible retail unit with room for tenant interior improvements.

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$148k
Assessed land$17k
Assessed improvement$131k

Value estimate

· Oct 2026
$260k
$234k – $286k
AI approach$260k
NOI build-up
Gross scheduled income$170k
Vacancy & credit loss−$21k
Operating expenses−$67k
NOI · 21.89% cap applied$82k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$46/SF
County average, outlier-cleaned · 108 recorded sales of this use type
Observed band · Q1–Q3$24 – $84
Qualifying comparables10

Cap rate analysis

How does the asset earn?
21.89%
$82k 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?
B2
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency14.2
Parking Facility11.0
HVAC Service10.1

Location

214 South Main St Newark, NY 14513
County assessor Recorded deeds · 1 transfer 10 qualifying comp sales 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
419 Main, Newark, NY 14513-1150 $120,000 Apr 2024 4,860 SF
401 Main, Newark, NY 14513-1150 $165,000 Mar 2024 4,200 SF
202 Main, Newark, NY 14513-1421 $296,379 Nov 2023 5,300 SF
504 Main, Newark, NY 14513-1725 $60,000 Apr 2021 4,883 SF
114 High, Newark, NY 14513-1403 $200,000 Mar 2021 4,088 SF
1171 Un, Newark, NY 14513-9201 $40,000 Jan 2020 4,958 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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