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    Property profile & analytics

    38-42 Broadway Mall Hornell, NY 14843

    • Investment properties
    • 32,476 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    $460,000
    Location Intelligence
    Property ID
    US63-3385764
    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

    • Investment properties

    Property Details for 38-42 Broadway Mall

    Year built
    1910
    Lot size
    0.20 lot acres
    Property size
    32,476 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    460600 151.72-01-048.000
    APU
    4606001517201048000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $505,000

    • CAP approach

      CAP return
      Estimation
      6%
      $445,000
      6.5%
      $460,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $480,000
      Geo Method
      $385,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $430,000
      Retail
      $485,000
      Mixed-Use
      $435,000
      Hospitality
      $480,000
      Educational
      $470,000
      Residential Income
      $420,000
      Energy
      $560,000
      Income-Based Land
      $515,000
      Food Service
      $440,000

    Location Insight

    • Map
    • Local Demand
    City
    Hornell
    County
    Steuben
    State
    New York
    Longitude
    -77.6602
    Latitude
    42.3259
    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
    $63,200
    $296,800
    $360,000
    -
    $66,526
    $312,421
    $378,947

    Comparable in this City

    • Value Estimation by Request
      5,078 SF

      124 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,078 SF
      124 Main St, Hornell, NY 14843-1525
      View Details
    • Value Estimation by Request
      2,276 SF

      48 Maple St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,276 SF
      48 Maple St, Hornell, NY 14843-1679
      View Details
    • Value Estimation by Request
      1,792 SF

      977 Polar Bear Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 1,792 SF
      977 Polar Bear Ln, Hornell, NY 14843-9645
      View Details
    • Value Estimation by Request
      6,438 SF

      9 Seneca St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,438 SF
      9 Seneca St, Hornell, NY 14843-1312
      View Details
    • Value Estimation
      $60,000
      1,960 SF

      472 Seneca Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,960 SF
      472 Seneca Rd, Hornell, NY 14843-1044
      View Details
    • Value Estimation
      $260,000
      6,000 SF

      16 Broadway Mall

      OFFICE/RESIDENTIAL (MIXED USE) • 6,000 SF
      16 Broadway Mall, Hornell, NY 14843-1920
      View Details

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    Similar Nearby for Lease

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      13,200 SF

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      7,250 SF warehouse space available for lease.
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      Retail Space Near Wegmans Market

      Retail, office, or restaurant space with high visibility.
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      View Details
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    38-42 Broadway Mall
    Hornell, NY 14843
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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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