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    45 Elizabeth St Dansville, NY 14437
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    Property profile & analytics

    45 Elizabeth St, Dansville, NY 14437

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    • Commercial real estate
    • 20,181 SF
    Off-Market
    Property ID
    US63-2448294
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 45 Elizabeth St

    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 45 Elizabeth St., North Dansville, NY 14437, presents a unique investment opportunity. The expansive 20,181 square foot lot offers significant potential for various commercial ventures. The existing structure boasts over 13,000 square feet of usable space spread across three floors. The building features eight large rooms, two office areas, and three separate restrooms on each floor, each with five stalls. A finished basement provides additional space, including a large open area, a stage, restrooms, and a kitchen. The property is conveniently located with parking available next door. All public utilities are connected, allowing for easy modification to suit specific business needs. The seller is motivated and will consider all offers, including land contract options. The asking price is $180,000. Lease options are also available, with a negotiable rate of $3000 per square foot. This property is ideal for a variety of commercial uses and represents a compelling opportunity for growth and profitability. Don't miss this chance to acquire a substantial commercial property in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dansville
    County
    Livingston
    State
    New York
    Longitude
    -77.6941868
    Latitude
    42.5605224

    Comparable in this City

    • $38,000
      6.20 Acres

      Land in Dansville, New York

      6+ acre land parcel ready for building near Dansville.
      Spring Rd S, Dansville, NY 14437
      View Details
    • $55,000
      420 SF

      Turnkey Private Camp Getaway

      Private, fully furnished cabin with amenities near Dansville and I390.
      8913 Kysorville Byersville Rd, Dansville, NY 14437
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    • $99,999
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      Dansville Land with Large Barn

      4+ acre property with 3,000 sq ft barn.
      Geiger Rd, Dansville, NY 14437
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    • $59,999

      Land with Utilities Near Dansville

      4.23-acre lot with well, electric, and billboard lease.
      9128 Culbertson Rd, Dansville, NY 14437
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    • $149,900
      Pending

      Commercial Land Available

      Commercial land for sale.
      9477-9481 Foster Wheeler Rd, Dansville, NY 14437
      View Details

    Similar Nearby for Sale

    • $38,000
      6.20 Acres

      Land in Dansville, New York

      6+ acre land parcel ready for building near Dansville.
      Spring Rd S, Dansville, NY 14437
      View Details
    • $55,000
      420 SF

      Turnkey Private Camp Getaway

      Private, fully furnished cabin with amenities near Dansville and I390.
      8913 Kysorville Byersville Rd, Dansville, NY 14437
      View Details
    • $99,999
      4.10 Acres

      Dansville Land with Large Barn

      4+ acre property with 3,000 sq ft barn.
      Geiger Rd, Dansville, NY 14437
      View Details
    • $59,999

      Land with Utilities Near Dansville

      4.23-acre lot with well, electric, and billboard lease.
      9128 Culbertson Rd, Dansville, NY 14437
      View Details
    • $149,900
      Pending

      Commercial Land Available

      Commercial land for sale.
      9477-9481 Foster Wheeler Rd, Dansville, NY 14437
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Dansville Vacant Land For Rent

      4 acres of vacant land available for manufacturing and industrial.
      45 Maple St, Dansville, NY 14437
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    • Contact for pricing

      Land For Rent

      Land available for rent in Dansville, NY.
      152 Franklin St, Dansville, NY 14437
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    • Contact for pricing

      Dansville Industrial Facility For Lease

      70,875 SF industrial facility with heavy power and highway access.
      10 Forbes St, Dansville, NY 14437
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    • Contact for pricing
      6,000 SF

      Dansville Retail Space Available

      6,000 square foot retail space for lease.
      10-70 Village Plz, Dansville, NY 14437
      View Details
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    Dansville, NY 14437
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    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
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