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Financial
Distress signals
Property profile

406 W Church St Elmira, NY 14901

FOR SALE
Other investment properties
Property ID
US63-0565298
10,128 SF 0.14 ac lot Built 1960
Last sale Dec 2022 · $75,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A one-story, all-brick office building located at 406 W Church St in Elmira’s Near Westside neighborhood. The interior layout includes a foyer entry, waiting room, reception desk/area, and five private offices, along with two half bathrooms, a kitchenette with dining area, storage closets, and a partial basement. The building is heated with hot-air heat and includes central air. Exterior features include all-brick construction, with noted brick work needed on the southwest corner, and the interior would benefit from updates such as painting and new flooring.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$60k
Assessed land$20k
Assessed improvement$40k

Value estimate

· Oct 2026
$70k
$63k – $77k
NOI build-up
Gross scheduled income$32k
Vacancy & credit loss−$1k
Operating expenses−$12k
NOI · 18.36% cap applied$18k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$47/SF
ZIP average, outlier-cleaned · 40 recorded sales of this use type
Observed band · Q1–Q3$24 – $71

Cap rate analysis

How does the asset earn?
18.36%
$18k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CBD
This district is intended to create, preserve and enhance the Elmira Central Business District as a regional center of shopping, employme...
General categoryCIVIC_INSTITUTIONAL
JurisdictionCHEMUNG

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency23.5
Building Supply18.6
HVAC Service15.0

Location

406 W Church St Elmira, NY 14901
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
222 William, Elmira, NY 14901-3113 $8,600 Aug 2024 7,016 SF
207 Water, Elmira, NY 14901-2912 $275,000 Mar 2024 10,098 SF
451 Market, Elmira, NY 14901-3133 $700,000 Jun 2023 17,096 SF
216 Gray, Elmira, NY 14901-2907 $325,000 Dec 2022 4,216 SF
269 Baldwin, Elmira, NY 14901-3028 $27,000 Nov 2022 6,176 SF
421 Church, Elmira, NY 14901-2604 $190,000 Nov 2022 5,668 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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