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    Property profile & analytics

    224 Main St Palmyra, NY 14522-1169

    • Investment properties
    • 7,992 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimation
    $310,000
    Location Intelligence
    Property ID
    US63-6089779
    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.

    Current Use by Public Records

    • John P. Morell / Estate Planning Attorney / Real Estate Attorney
    • Morell Law, PLLC / Real Estate Attorney / Estate Planning Attorney
    • Triou Custom Homes / Construction Company / Home Builder

    Property Details for 224 Main St

    Year built
    1880
    Lot size
    0.31 lot acres
    Property size
    7,992 SF
    Zone code
    C1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    543601 64111-11-721678
    APU
    5436016411111721678

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $405,000
      6.5%
      $445,000
      7%
      $455,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $365,000
      Geo Method
      $420,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $385,000
      Retail
      $430,000
      Mixed-Use
      $405,000
      Hospitality
      $440,000
      Educational
      $440,000
      Residential Income
      $380,000
      Energy
      $405,000
      Income-Based Land
      $380,000
      Food Service
      $365,000

    Location Insight

    • Map
    • Local Demand
    City
    Palmyra
    County
    Wayne
    State
    New York
    Longitude
    -77.2304
    Latitude
    43.0631
    CBSA code
    40380
    CBSA name
    ROCHESTER, NY METROPOLITAN STATISTICAL AREA

    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
    $18,900
    $151,100
    $170,000
    -
    $19,091
    $152,626
    $171,717

    Comparable in this City

    • Value Estimation by Request
      2,464 SF

      239 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,464 SF
      239 Main St, Palmyra, NY 14522-1182
      View Details
    • Value Estimation by Request
      288 SF

      1685 Division St

      OFFICE/RESIDENTIAL (MIXED USE) • 288 SF
      1685 Division St, Palmyra, NY 14522-9383
      View Details
    • Value Estimation
      $55,000
      3,476 SF

      230 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,476 SF
      230 Main St, Palmyra, NY 14522-1168
      View Details
    • Value Estimation
      $165,000
      4,902 SF

      317 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,902 SF
      317 Main St, Palmyra, NY 14522-1129
      View Details
    • Value Estimation by Request
      3,600 SF

      107 Market St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,600 SF
      107 Market St, Palmyra, NY 14522-1161
      View Details
    • Value Estimation by Request
      2,185 SF

      110 Market St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,185 SF
      110 Market St, Palmyra, NY 14522-1136
      View Details

    Similar Nearby for Sale

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      Mixed-use property with commercial and residential units, investment opportunity.
      230 E Main St, Palmyra, NY 14522
      View Details
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      Palmyra, NY Land For Sale

      1.65 acre parcel for future 60 homesite subdivision.
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    • $84,900
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      Palmyra Industrial Building - Great Potential

      Solid mechanics, prime location, needs TLC.
      622 Main St, Palmyra, NY 14522
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    • $395,000

      Palmyra Commercial Land For Sale

      Commercial land available in Palmyra, New York.
      2980 N Creek Rd, Palmyra, NY 14522
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    • $99,900

      Commercial Land in High Traffic

      Commercial land in prime location with high traffic.
      622 E Main St, Palmyra, NY 14522
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    • $1,700,000
      5,244 SF

      Palmyra Gas Station For Sale

      Gas station in high-traffic Palmyra, NY, offers excellent investment.
      521 E Main St, Palmyra, NY 14522
      View Details
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    224 Main St
    Palmyra, NY 14522-1169
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    Realmo Value Estimation

    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.

    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.

    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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