Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3632 State Rte 414 Corning, NY 14830-9152

    • Automotive properties
    • 800 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6124786
    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

    • Automotive properties

    Property Details for 3632 State Rte 414

    Year built
    1970
    Lot size
    0.45 lot acres
    Property size
    800 SF
    Zone code
    CONF
    Property type
    Automotive properties
    APN
    463889 282.00-02-042.200
    APU
    4638892820002042200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Corning
    County
    Steuben
    State
    New York
    Longitude
    -77.0405
    Latitude
    42.1748
    CBSA code
    18500
    CBSA name
    CORNING, NY MICROPOLITAN 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
    0
    $0.00
    $16,200
    $51,800
    $68,000
    -
    $16,875
    $53,958
    $70,833

    Comparable in this City

    • Value Estimation
      $260,000
      4,770 SF

      418 Park Ave

      VEHICLE SALES, RENTALS • 4,770 SF
      418 Park Ave, Corning, NY 14830-3436
      View Details
    • Value Estimation
      $275,000
      8,972 SF

      7 Buffalo St

      VEHICLE SALES, RENTALS • 8,972 SF
      7 Buffalo St, Corning, NY 14830-2126
      View Details
    • Value Estimation
      $240,000
      1,560 SF

      27 Pulteney St

      VEHICLE SALES, RENTALS • 1,560 SF
      27 Pulteney St, Corning, NY 14830-2210
      View Details
    • Value Estimation
      $250,000
      900 SF

      354 Pulteney St

      VEHICLE SALES, RENTALS • 900 SF
      354 Pulteney St, Corning, NY 14830
      View Details
    • Value Estimation
      $255,000
      2,328 SF

      355 Pulteney St

      VEHICLE SALES, RENTALS • 2,328 SF
      355 Pulteney St, Corning, NY 14830-2166
      View Details
    • Value Estimation
      $235,000
      4,416 SF

      11887 Corning Rd

      VEHICLE SALES, RENTALS • 4,416 SF
      11887 Corning Rd, Corning, NY 14830-3660
      View Details

    Similar Nearby for Sale

    • $1,873,086
      10,640 SF

      New Dollar General Store For Sale

      New construction Dollar General store with attractive cap rate.
      342 Park Ave, South Corning, NY 14830
      View Details
    • $89,999

      Restaurant/Bar Opportunity on Baker Street

      Restaurant or bar opportunity with equipment and recent upgrades.
      361 Baker Street Ext, Corning, NY 14830
      View Details
    • $449,000
      2,963 SF

      Downtown Corning Commercial Building For Sale

      Commercial building in downtown Gaffer District, ideal for nightlife.
      69 E Market St, Corning, NY 14830
      View Details
    • $299,000
      3,972 SF

      Brewery with Rooftop Seating

      Successful brewery with prime location, equipment, and rooftop seating.
      63 W Market St, Corning, NY 14830
      View Details
    • $2,250,000
      11,760 SF

      Corning Restaurant Opportunity on Market

      Restaurant in Corning's Gaffer District with modern amenities.
      2 E Market St, Corning, NY 14830
      View Details
    • $400,000

      Remodeled Mixed-Use Building with Apartments

      Mixed-use building with remodeled apartments and retail space.
      9 Ontario St, Corning, NY 14830
      View Details

    Similar Nearby for Lease

    • $995 /Mo
      1,100 SF

      Updated Commercial Space on Park

      Move-in ready commercial space with high visibility and parking.
      336 Park Ave, Corning, NY 14830
      View Details
    • $22 SF/Yr

      Grocery Anchored Retail Space Available

      New 2,448 SF retail space in Corning, NY.
      360 Pulteney St West, Corning, NY 14830
      View Details
    • Contact for pricing
      56,016 SF

      Corning Retail Space Available

      Prime 2,447 SF storefront, ideal location.
      360 Pulteney St, Corning, NY 14830
      View Details
    • $1,300 /Mo

      Historic Storefront on Market Street

      Highly visible storefront suitable for retail or service businesses.
      123 W Market St, Corning, NY 14830
      View Details
    • Contact for pricing
      4,730 SF

      Market Street Retail/Office Space

      Retail and office spaces available in historic Market Street.
      52 E Market St, Corning, NY 14830
      View Details
    • Contact for pricing
      4,247 SF

      Market Street Retail/Office Space

      Retail and office spaces available in historic Market Street.
      54-58 E Market St, Corning, NY 14830
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3632 State Rte 414
    Corning, NY 14830-9152
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.