Individually Owned 
For Sale
1 / 9
Contact for pricing
243 S Main St, Albion, NY 14411
View Listing →
Property summary
AI-generated overview
The Arnold Gregory Complex in Albion, New York was originally constructed in 1957 as a hospital and is configured as a medical and office facility. The building contains approximately 60,000 square feet of space distributed over two floors and is arranged with a central corridor and abundant natural light along both sides. The property is situated on a 4.12-acre lot and includes ample on-site parking. It has operated as a multi-tenant office building with a mix of office and medical uses, and it is zoned 07-465, which allows for potential adaptive reuse. Overall, the site supports ongoing office/medical operations and also presents suitability for possible conversion to residential use, subject to zoning and regulatory requirements.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1970
Total area
58,531 SF
Lot
4.12 ac (179,467 SF)
Zoning code
07 - MIXED
APN
342001 73.10-2-52.11
UPID
US63-5149522
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
High School Daycare Center
-
Physician
-
Law Firm
-
Freight Service Logistics Company
-
Social Service Agency Charitable Organization
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$810k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$810k
Owner & transaction history
since 2015
3 recorded transactions
Zoning & alternative use
07 - MIXED · Albion, NY
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$810k
Value range
$729k – $891k
±10% around blend
Estimated value / SF
$14 / SF
Confidence
Property data
100
Comparable evidence
60
Income certainty
100
$729k
blend $810k
$891k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
58,531 SF
Lot area
4.12 ac
Year built
1970
Stories
2
APN
342001 73.10-2-52.11
Zoning
07 - MIXED
Assessed value
$589,900
Annual tax
$45,447
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$45,447
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.49M
Range $1.49M – $4.94M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$810k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$10.16M
Move the market yield to see immediate price impact.
Value / SF
$174
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$640k
$12.80M
$9.14M
$7.11M
$711k
$14.22M
$10.16M
$7.90M
$782k
$15.65M
$11.18M
$8.69M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$45,447
Tax year 2020
Assessed value
$589,900
Assessed 2023
Previous assessed
$589,900
+0.0% YoY
Effective rate
7.70%
On assessed value
Assessed land
$125,000
Assessed improvement
$464,900
Land market value
$150,598
Improvement market value
$560,102
Total market value
$710,700
Applied tax rate
342,001.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Sale
Year built
1970
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
58,531 SF
Lot
4.12 ac (179,467 SF)
Zoning code
07 - MIXED
APN
342001 73.10-2-52.11
UPID
US63-5149522
Jurisdiction
ORLEANS
Zoning & alternative use
07 - MIXED · Albion, NYZoning 07 - MIXED · permitted uses
07 - MIXED · Albion, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
4.12 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
07 - MIXED
Jurisdiction
Albion, NY
Recorded code
07 - MIXED
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 07 - MIXED in Albion, NY.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
