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Property profile & analytics
OFF-MARKET
Estimated value
$12,305,000
Grocery and convenience stores
24 Brg St, Corning, NY 14830-2257
Entity Owned
8-yr Hold
Free & Clear
Property ID
US63-2030356
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1986
Total area
97,110 SF
Lot
13.31 ac (579,784 SF)
Zoning code
C
APN
460300 317.08-01-066.000
UPID
US63-2030356
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
higi Physician
-
Michael Rossettie Pharmacy
-
Evelyn Klay-Stenpeck Pharmacy
-
Orbin Tercero Pharmacy
-
James Fazzari Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.43M
Comparable Approach
Comparable
$10.18M
Blend (final)
Blend
$12.31M
Owner & transaction history
Wegmans Food Markets INC · 8 yrs held
Wegmans Food Markets INC
since 2018
2 recorded transactions
Zoning & alternative use
C · Corning, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.1M
+67.1%
Restaurant
$10.2M
+53.5%
Commercial (general)
$7.9M
+19.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Corning submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corning submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,630,000
6.5%
$14,425,000
7%
$13,395,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$11,125,000
Change: +67% · Conversion: Difficult
RESTAURANT
$10,210,000
Change: +53% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,940,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$12.31M
Range $11.07M – $13.54M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$127 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$8,200,000
Assessed 2023
Previous assessed
$7,000,000
+17.1% YoY
Assessed land
$2,080,000
Assessed improvement
$6,120,000
Land market value
$2,080,000
Improvement market value
$6,120,000
Total market value
$8,200,000
Applied tax rate
460,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1986
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
97,110 SF
Lot
13.31 ac (579,784 SF)
Zoning code
C
APN
460300 317.08-01-066.000
UPID
US63-2030356
Jurisdiction
STEUBEN
Zoning & alternative use
C · Corning, NY
Zoning C · permitted uses
C · Corning, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corning. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$11.1M
RESTAURANT
Est. value
$10.2M
COMMERCIAL (GENERAL)
Est. value
$7.9M
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
13.31 ac
Current owner
From public records · entity-resolved
Wegmans Food Markets INC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 24470, ROCHESTER, NY 14624-0470
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2018
—
Wegmans Food Markets INC
Wegmans Enterprises INC
Quit Claim Deed
related
—
Apr 12, 2005
—
Wegmans Ent. INC
Devel Agency Steuben Co Industrial
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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