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Property profile & analytics
OFF-MARKET
Auto shops
47 Stimson St Corning, NY 14830-1432
Individually Owned
10-yr Hold
Free & Clear
Property ID
US63-0150042
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1962
Total area
1,512 SF
Lot
0.36 ac (15,682 SF)
Zoning code
R1
APN
460300 299.15-01-027.000
UPID
US63-0150042
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Rices Auto Services Auto Repair Shop
-
On 3 Wheels Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Craig N Herberger · 10 yrs held
Craig N Herberger
since 2016
1 recorded transaction
Zoning & alternative use
R1 · Corning, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
usage; interpretation. § 240-14 Definitions. Article IV Zoning Districts § 240-15 Establishment of zoning districts. § 240-16 Zoning Map. § 240-17 Interpretation of district boundaries. § 240-18 Residential Low Density (R1). § 240-19 Residential Moderate Density (R2). § 240-20 Multiple Residence (MR). § 240-21 Residential Transition (RT). § 240-22 Commercial…
Zone name
Residential Low Density
General category
RESIDENTIAL
Zone area
758.45 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Corning submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corning submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$85,000
Assessed 2023
Previous assessed
$69,000
+23.2% YoY
Assessed land
$21,800
Assessed improvement
$63,200
Land market value
$21,800
Improvement market value
$63,200
Total market value
$85,000
Applied tax rate
460,300.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1962
Heating
NONE
Buildings
1
Stories
1
Total area
1,512 SF
Lot
0.36 ac (15,682 SF)
Zoning code
R1
APN
460300 299.15-01-027.000
UPID
US63-0150042
Jurisdiction
STEUBEN
Zoning & alternative use
R1 · Corning, NYZoning R1 · permitted uses
R1 · Corning, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
usage; interpretation. § 240-14 Definitions. Article IV Zoning Districts § 240-15 Establishment of zoning districts. § 240-16 Zoning Map. § 240-17 Interpretation of district boundaries. § 240-18 Residential Low Density (R1). § 240-19 Residential Moderate Density (R2). § 240-20 Multiple Residence (MR). § 240-21 Residential Transition (RT). § 240-22 Commercial (C). § 240-23 Commercial/Light Industrial (CL). § 240-24 Business Development (BD
Zone name
Residential Low Density
General category
RESIDENTIAL
Zone area
758.45 ac
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Stories
1
Buildings
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Craig N Herberger
Individual
Free & Clear · 10 yrs held
Mailing address
3347 GORTON RD, CORNING, NY 14830-9158
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2016
$30,000
Craig N Herberger
Kevin D Rice
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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