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    Property profile & analytics

    371 Main St Elmira, NY 14904-1345

    • Investment properties
    • 3,208 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimation
    $140,000
    Last Sale
    Jun 28, 2022
    $160,000
    Location Intelligence
    Property ID
    US63-5634529
    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

    • Hobart Sales & Services / Bakery / Butcher Shop
    • Happy Family liquor Wine&Spirits / Wine Store

    Property Details for 371 Main St

    Year built
    1962
    Lot size
    0.26 lot acres
    Property size
    3,208 SF
    Zone code
    UMU
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    070400 99.11-3-8
    APU
    70400991138

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $150,000

    • CAP approach

      CAP return
      Estimation
      6%
      $105,000
      6.5%
      $100,000
      7%
      $105,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $120,000
      Geo Method
      $125,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $115,000
      Retail
      $105,000
      Mixed-Use
      $120,000
      Hospitality
      $95,000
      Educational
      $120,000
      Residential Income
      $100,000
      Energy
      $115,000
      Income-Based Land
      $100,000
      Food Service
      $120,000

    Location Insight

    • Map
    • Local Demand
    City
    Elmira
    County
    Chemung
    State
    New York
    Longitude
    -76.8036
    Latitude
    42.0803
    CBSA code
    21300
    CBSA name
    ELMIRA, NY METROPOLITAN 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
    2020
    $0.00
    $25,000
    $115,000
    $140,000
    -
    $37,875
    $174,225
    $212,100

    Comparable in this City

    • Value Estimation by Request
      1,170 SF

      616-618 Main St

      STORE/OFFICE (MIXED USE) • 1,170 SF
      616-618 Main St, Elmira, NY 14904
      View Details
    • Value Estimation by Request
      7,300 SF

      357 Main St

      STORE/OFFICE (MIXED USE) • 7,300 SF
      357 Main St, Elmira, NY 14904-1344
      View Details
    • Value Estimation by Request
      952 SF

      1124 Main St

      STORE/OFFICE (MIXED USE) • 952 SF
      1124 Main St, Elmira, NY 14904
      View Details
    • Value Estimation by Request
      320 SF

      308 Fulton St

      STORE/OFFICE (MIXED USE) • 320 SF
      308 Fulton St, Elmira, NY 14904-1255
      View Details
    • Value Estimation by Request
      2,462 SF

      360 Main St

      STORE/OFFICE (MIXED USE) • 2,462 SF
      360 Main St, Elmira, NY 14904-1342
      View Details
    • Value Estimation
      $120,000
      2,516 SF

      900 Broadway St

      STORE/OFFICE (MIXED USE) • 2,516 SF
      900 Broadway St, Elmira, NY 14904-2541
      View Details

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      Elmira Two-Unit Investment Opportunity

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      Elmira Mixed-Use Redevelopment Opportunity

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      0.28 Acres

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    Similar Nearby for Lease

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      Freestanding Retail Building with Drive-Thru

      Former pharmacy with drive-thru, suitable for retail or restaurant.
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    • $11,400 /Mo
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      Elmira Industrial Manufacturing Campus

      Multiple spaces, 48 acres, rail access
      1051 Main St, Elmira, NY 14904
      View Details
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    371 Main St
    Elmira, NY 14904-1345
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    Realmo Value Estimation

    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.

    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.

    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
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