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Property profile & analytics
OFF-MARKET
Retail space
2406 State Rte 54a Penn Yan, NY 14527-8827
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-0214256
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Total area
3,078 SF
Lot
1.08 ac (47,045 SF)
Zoning code
01 - NOT ZONED
APN
572689 49.72-1-4
UPID
US63-0214256
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Indian Pines Fruit Stand LLC · 6 yrs held
Indian Pines Fruit Stand LLC
since 2020
Last sale
$312,000
2 recorded transactions
Zoning & alternative use
01 - NOT ZONED · Penn Yan, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Penn Yan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Penn Yan 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$5,806
Tax year 2020
Assessed value
$286,700
Assessed 2023
Previous assessed
$286,700
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$45,200
Assessed improvement
$241,500
Land market value
$53,176
Improvement market value
$284,118
Total market value
$337,294
Applied tax rate
573,001.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Heating
FORCED AIR
Buildings
2
Stories
1
Bathrooms
1
Total area
3,078 SF
Lot
1.08 ac (47,045 SF)
Zoning code
01 - NOT ZONED
APN
572689 49.72-1-4
UPID
US63-0214256
Jurisdiction
YATES
Zoning & alternative use
01 - NOT ZONED · Penn Yan, NY
Zoning 01 - NOT ZONED · permitted uses
01 - NOT ZONED · Penn Yan, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Penn Yan. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Heating
FORCED AIR
Stories
1
Buildings
2
Bathrooms
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
Indian Pines Fruit Stand LLC
Entity
Mailing address
201 ELM ST, PENN YAN, NY 14527-1407
Ownership since
2020
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
Apr 3, 2020
$312,000
Indian Pines Fruit Stand LLC
Joan C Jones
Warranty Deed
$312,000 · Joan C. Jones Etal
Apr 8, 2005
$170,000
Joan C Jones
Robert F Clark
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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