Property profile

270 Lk St Penn Yan, NY 14527

OFF-MARKET
Showrooms
Property ID
US63-1415835
19,752 SF 2.4 ac lot Built 1960
Entity Owned 19-yr Hold Free & Clear
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Property summary

AI-generated overview

The property consists of approximately 1,600 square feet of interior office space configured for professional use. The suite includes multiple rooms of varying sizes, with several rooms containing windows; the two largest rooms have keyed entry doors opening to a shared common hallway. The building is a multi-tenant office environment with other occupants including a lawyer’s office, an abstract-related business, a social worker group, a massage therapist, and a women’s services program. Public restrooms are located off the central hallway and serve the offices in the building, and there are two additional small rooms within the suite that could be converted into private restrooms. The space layout supports use by up to two professionals, and there is ample on-site parking. The building operations include responsibility for exterior snow removal and lawn maintenance.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1960
Total area 19,752 SF
Lot 2.4 ac (104,544 SF)
APN 573001 61.34-1-46
UPID US63-1415835

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
  • Hair Salon Nail Salon
  • Alternative Medicine Practice Spa & Massage Center
  • Physician
  • Physician

Location

270 Lk St Penn Yan, NY 14527-1832
Penn Yan metro Census 150501 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$873k
Blend (final) Blend
$475k

Owner & transaction history

since 2006
2 recorded transactions
2019
Price N/A
2006
$907,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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