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Property profile & analytics
OFF-MARKET
Estimated value
$11,715,000
Manufacturing properties
3 Shawmut Dr Alstom Hornell, NY 14843
Entity Owned
6-yr Hold
Free & Clear
Property ID
US63-2365845
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2022
Total area
146,000 SF
Lot
7.35 ac (320,166 SF)
Zoning code
I-1
APN
460600 151.05-02-009.000
UPID
US63-2365845
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.89M
Comparable Approach
Comparable
$9.54M
Blend (final)
Blend
$11.72M
Owner & transaction history
Strobels Supply INC · 6 yrs held
Strobels Supply INC
since 2020
1 recorded transaction
Zoning & alternative use
I-1 · Hornell, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.8M
+153.3%
Commercial (general)
$11.0M
+117.4%
Medical building
$10.4M
+106.0%
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 Hornell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hornell 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%
$15,050,000
6.5%
$13,890,000
7%
$12,900,000
Alternative Use
Use
Estimation
RESTAURANT
$12,795,000
Change: +153% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,980,000
Change: +117% · Conversion: Difficult
MEDICAL BUILDING
$10,405,000
Change: +106% · Conversion: Difficult
RETAIL STORES
$10,005,000
Change: +98% · Conversion: Moderate
OFFICE BUILDING
$9,225,000
Change: +83% · Conversion: Difficult
Blend value · Realmo final
$11.72M
Range $10.54M – $12.89M · ±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
$80 / 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
$13,500,000
Assessed 2023
Previous assessed
$250,000
+5,300.0% YoY
Assessed land
$250,000
Assessed improvement
$13,250,000
Land market value
$263,158
Improvement market value
$13,947,368
Total market value
$14,210,526
Applied tax rate
460,600.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2022
Heating
NONE
Cooling
PARTIAL
Stories
1
Total area
146,000 SF
Lot
7.35 ac (320,166 SF)
Zoning code
I-1
APN
460600 151.05-02-009.000
UPID
US63-2365845
Jurisdiction
STEUBEN
Zoning & alternative use
I-1 · Hornell, NY
Zoning I-1 · permitted uses
I-1 · Hornell, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hornell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$12.8M
COMMERCIAL (GENERAL)
Est. value
$11.0M
MEDICAL BUILDING
Est. value
$10.4M
RETAIL STORES
Est. value
$10.0M
OFFICE BUILDING
Est. value
$9.2M
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
2022
Heating
NONE
Cooling
Yes
Stories
1
Lot
7.35 ac
Current owner
From public records · entity-resolved
Strobels Supply INC
Entity
Free & Clear · 6 yrs held
Mailing address
40 MAIN ST, HORNELL, NY 14843-1559
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2020
—
Strobels Supply INC
Hornell City Ind Dev Agnc
Quit Claim Deed
related
—
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.
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