New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,500,000
Motels
248 Town Ctr Rd, Painted Post, NY 14870-8922
Individually Owned
14-yr Hold
Free & Clear
Property ID
US63-1391414
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2013
Total area
55,981 SF
Lot
8 ac (348,480 SF)
Zoning code
05 - COMMERCIAL
APN
464289 316.00-01-009.100
UPID
US63-1391414
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
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Hampton Inn Corning/Painted Post Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.76M
Comparable Approach
Comparable
$2.24M
Blend (final)
Blend
$2.50M
Owner & transaction history
Erwin Hospitality Assoc L · 14 yrs held
Erwin Hospitality Assoc L
since 2012
3 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Painted Post, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.1M
+99.4%
Medical building
$4.0M
+94.9%
Retail stores
$3.8M
+87.5%
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 Painted Post submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Painted Post 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%
$2,990,000
6.5%
$2,760,000
7%
$2,565,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,045,000
Current use
OFFICE BUILDING
$4,080,000
Change: +99% · Conversion: Difficult
MEDICAL BUILDING
$3,990,000
Change: +95% · Conversion: Difficult
RETAIL STORES
$3,835,000
Change: +87% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,915,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$2.50M
Range $2.25M – $2.75M · ±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
$45 / 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
$4,600,000
Assessed 2023
Previous assessed
$4,600,000
+0.0% YoY
Assessed land
$1,365,000
Assessed improvement
$3,235,000
Land market value
$1,533,708
Improvement market value
$3,634,831
Total market value
$5,168,539
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
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2013
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
4
Total area
55,981 SF
Lot
8 ac (348,480 SF)
Zoning code
05 - COMMERCIAL
APN
464289 316.00-01-009.100
UPID
US63-1391414
Jurisdiction
STEUBEN
Zoning & alternative use
05 - COMMERCIAL · Painted Post, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · Painted Post, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Painted Post. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.0M
OFFICE BUILDING
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$4.0M
RETAIL STORES
Est. value
$3.8M
WAREHOUSE, STORAGE
Est. value
$2.9M
HOTEL/MOTEL Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
2013
Heating
NONE
Cooling
Yes
Stories
4
Buildings
1
Lot
8 ac
Current owner
From public records · entity-resolved
Erwin Hospitality Assoc L
Individual
Free & Clear · 14 yrs held
Mailing address
11751 E CORNING RD, CORNING, NY 14830-3657
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2019
—
Erwin Hospitality Assoc
—
Deed
related
$3,373,576 · Starwood Mtg Capital
Mar 6, 2012
$525,000
Erwin Hospitality Assoc L
Erwin Town Of Ida
Deed
—
Dec 29, 2011
$525,000
Town Of Erwin Indtrl Dev
Thrivent Financl For Lute
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.
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?”
You own 248 Town Ctr Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
