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Property profile & analytics
OFF-MARKET
Investment properties
3534 Michigan Ave, Elmira Heights, NY 14903-1107
Individually Owned
8-yr Hold
Free & Clear
Property ID
US63-2492181
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1968
Total area
4,203 SF
Lot
0.41 ac (18,000 SF)
Zoning code
TH03
APN
073489 69.09-4-5
UPID
US63-2492181
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
-
Hetrick Glass Shop Hardware & Home Improvement Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Scott M Hetrick · 8 yrs held
Scott M Hetrick
since 2018
3 recorded transactions
Zoning & alternative use
TH03 · Elmira Heights, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Elmira Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elmira Heights 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$1,702
Tax year 2020
Assessed value
$178,400
Assessed 2023
Previous assessed
$178,400
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$41,300
Assessed improvement
$137,100
Land market value
$41,717
Improvement market value
$138,485
Total market value
$180,202
Applied tax rate
73,402.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1968
Heating
NONE
Buildings
1
Stories
2
Total area
4,203 SF
Lot
0.41 ac (18,000 SF)
Zoning code
TH03
APN
073489 69.09-4-5
UPID
US63-2492181
Jurisdiction
CHEMUNG
Zoning & alternative use
TH03 · Elmira Heights, NY
Zoning TH03 · permitted uses
TH03 · Elmira Heights, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elmira Heights. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Heating
NONE
Stories
2
Buildings
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Scott M Hetrick
Individual
Free & Clear · 8 yrs held
Mailing address
3534 MICHIGAN AVE, ELMIRA HEIGHTS, NY 14903-1107
Ownership since
2018
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 21, 2018
—
Scott M Hetrick
Richard J Hetrick JR
Deed
related
—
May 6, 2016
—
Richard J Hetrick JR
Estate Of Carolyn Bonnie Hetrick
Administrators Deed
—
Oct 15, 2008
—
Richard Hetrick
Richard Hetrick
Intrafamily Transfer
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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