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    Property profile & analytics

    263 Riv Rd Nichols, NY 13812-2106

    • Investment properties
    • 10,944 SF
    • 2.50 lot acres
    OFF-MARKET
    Value Estimation
    $255,000
    Location Intelligence
    Property ID
    US63-6265321
    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

    • Shear Creations / Beauty Salon
    • Advanced Wellness Essentials / Alternative Medicine Practitioner
    • Engelbert Farms Store and Creamery / Grocery Store
    • Equine Fence and Supply Inc / Fence Supply Store
    • Gillott's Blast & Powder Co. / Sandblasting Service

    Property Details for 263 Riv Rd

    Year built
    1900
    Lot size
    2.50 lot acres
    Property size
    10,944 SF
    Zone code
    ZONE
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    492801 159.18-1-15.10
    APU
    4928011591811510

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $235,000
      6.5%
      $220,000
      7%
      $215,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $205,000
      Geo Method
      $220,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $195,000
      Retail
      $210,000
      Mixed-Use
      $220,000
      Hospitality
      $185,000
      Educational
      $190,000
      Residential Income
      $235,000
      Energy
      $215,000
      Income-Based Land
      $225,000
      Food Service
      $175,000

    Location Insight

    • Map
    • Local Demand
    City
    Nichols
    County
    Tioga
    State
    New York
    Longitude
    -76.3718
    Latitude
    42.023
    CBSA code
    13780
    CBSA name
    BINGHAMTON, 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
    2019
    $2,040
    $5,100
    $29,900
    $35,000
    -
    $24,286
    $142,381
    $166,667

    Comparable in this City

    • Value Estimation by Request
      1,536 SF

      10 Riv Rd

      STORE/OFFICE (MIXED USE) • 1,536 SF
      10 Riv Rd, Nichols, NY 13812
      View Details
    • Value Estimation by Request
      2,240 SF

      155 Riv Rd

      STORE/OFFICE (MIXED USE) • 2,240 SF
      155 Riv Rd, Nichols, NY 13812
      View Details
    • Value Estimation by Request
      1,428 SF

      185 Main St

      STORE/OFFICE (MIXED USE) • 1,428 SF
      185 Main St, Nichols, NY 13812-2604
      View Details
    • Value Estimation by Request
      1,440 SF

      38 Main St

      STORE/OFFICE (MIXED USE) • 1,440 SF
      38 Main St, Nichols, NY 13812-2600
      View Details
    • Value Estimation
      $270,000
      1,776 SF

      150 Howell St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,776 SF
      150 Howell St, Nichols, NY 13812-2146
      View Details
    • Value Estimation
      $225,000
      4,782 SF

      1311 Riv Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,782 SF
      1311 Riv Rd, Nichols, NY 13812-1908
      View Details

    Similar Nearby for Sale

    • $129,900
      6,000 SF

      Versatile Church Property with Potential

      Spacious church with commercial kitchen and ample parking.
      3586 E River Rd, Nichols, NY 13812
      View Details
    • $49,700
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      Land Near Highways and Casino

      10 acre land parcel with concrete slab and approved septic.
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    • $165,000

      Nichols, NY Industrial Property

      Two Buildings, 15,465+ SF Total
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      View Details
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    263 Riv Rd
    Nichols, NY 13812-2106
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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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