29 Main St Hammondsport, NY 14840
Individually Owned
2-yr Hold
~
Est. High Equity
Estimated value (blended)
$390k
Range $389k – $397k
Property ID
US63-2282418
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Total area
3,072 SF
Lot
0.17 ac (7,405 SF)
Zoning code
MDR
APN
467201 118.09-02-049.000
UPID
US63-2282418
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$390k
Owner & transaction history
since 2024
Last sale
$390,000
4 recorded transactions
Zoning & alternative use
MDR · Hammondsport, 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.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 16 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$390k
Value range
$389k – $397k
CRE estimated band
Estimated value / SF
$127 / SF
Confidence
High
16 county-verified comps
Property data
75
Market benchmarks
33
Comparable evidence
100
$389k
blend $390k
$397k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,072 SF
Lot area
0.17 ac
Year built
1920
Stories
3
APN
467201 118.09-02-049.000
Assessed value
$284,700
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$162k
Weighted, 16 comps · high confidence
Evidence
16 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
14.8 mi away · 2,204 SF
15.0 mi away · 3,225 SF
18.7 mi away · 2,702 SF
19.2 mi away · 2,210 SF
19.2 mi away · 2,210 SF
5
Sensitivity & risk
Partial preview
Downside
−0%
Base
$390k
Upside
+2%
Bounds of the CRE estimated value band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 148 sales
$61
+108%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $127/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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
Comparable evidence · 16 sales
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$390k
Move the market yield to see immediate price impact.
Value / SF
$127
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%
$25k
$491k
$351k
$273k
$27k
$546k
$390k
$303k
$30k
$601k
$429k
$334k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
16 found
High confidence · county-verified
Closest comparable
$350k
7.0 mi · Aug 2025 · $117/SF
Property tax & assessments
Property tax & assessments
Assessed value
$284,700
Assessed 2023
Previous assessed
$284,700
+0.0% YoY
Assessed land
$15,900
Assessed improvement
$268,800
Land market value
$19,157
Improvement market value
$323,855
Total market value
$343,012
Applied tax rate
467,201.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Heating
HOT WATER
Cooling
CENTRAL
Stories
3
Rooms
8
Bathrooms
3
Total area
3,072 SF
Lot
0.17 ac (7,405 SF)
Zoning code
MDR
APN
467201 118.09-02-049.000
UPID
US63-2282418
Jurisdiction
STEUBEN
Zoning & alternative use
MDR · Hammondsport, NYZoning MDR · permitted uses
MDR · Hammondsport, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1920
Heating
HOT WATER
Cooling
Yes
Stories
3
Rooms
8
Bathrooms
3
Lot
0.17 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MDR
Jurisdiction
Hammondsport, NY
Recorded code
MDR
Ownership Intelligence
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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
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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