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    Property profile & analytics

    230 Main St Palmyra, NY 14522-1168

    • Investment properties
    • 3,476 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimation
    $55,000
    Last Sale
    Feb 10, 2023
    $60,000
    Location Intelligence
    Property ID
    US63-3661560
    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

    • Investment properties

    Property Details for 230 Main St

    Year built
    1870
    Lot size
    0.04 lot acres
    Property size
    3,476 SF
    Zone code
    C1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    543601 64111-11-724686
    APU
    5436016411111724686

    Description

    This exceptional multi-use commercial property, situated at 230 E Main St in the heart of Palmyra, NY, presents a unique investment opportunity. The three-story brick building boasts a total of 4,554 square feet and sits on a 0.04-acre lot. The property features two street-level storefronts, ideal for a variety of retail or service businesses, and four separate one-bedroom apartments, providing excellent rental income potential. Ample parking is available, with three designated spots for the building and additional street parking, plus a convenient municipal lot located at the rear. While the interior is currently undergoing rehabilitation, this presents a chance for a new owner to customize the space to their exact specifications. The building's prime location in Palmyra ensures high visibility and accessibility, making it an attractive proposition for both established businesses and new ventures. The asking price is $150,000. Offers will be responded to within 24 hours. Don't miss this chance to acquire a versatile property with significant upside potential in a thriving community. Serious inquiries only, please.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $60,000

    • CAP approach

      CAP return
      Estimation
      6%
      $40,000
      6.5%
      $45,000
      7%
      $40,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $45,000
      Geo Method
      $40,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $50,000
      Retail
      $45,000
      Mixed-Use
      $45,000
      Hospitality
      $50,000
      Educational
      $50,000
      Residential Income
      $45,000
      Energy
      $45,000
      Income-Based Land
      $50,000
      Food Service
      $55,000

    Location Insight

    • Map
    • Local Demand
    City
    Palmyra
    County
    Wayne
    State
    New York
    Longitude
    -77.2303
    Latitude
    43.0634
    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
    $6,000
    $49,800
    $55,800
    -
    $6,061
    $50,303
    $56,364

    Comparable in this City

    • Value Estimation by Request
      4,880 SF

      202 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,880 SF
      202 Main St, Palmyra, NY 14522-1128
      View Details
    • Value Estimation by Request
      1,303 SF

      402 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,303 SF
      402 Main St, Palmyra, NY 14522-1004
      View Details
    • Value Estimation
      $315,000
      2,987 SF

      36893695 Armington Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,987 SF
      36893695 Armington Rd, Palmyra, NY 14522
      View Details
    • Value Estimation
      $230,000
      7,200 SF

      138 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,200 SF
      138 Main St, Palmyra, NY 14522-1059
      View Details
    • Value Estimation
      $290,000
      6,992 SF

      229 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,992 SF
      229 Main St, Palmyra, NY 14522-1127
      View Details
    • 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

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    230 Main St
    Palmyra, NY 14522-1168
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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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