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    Property profile & analytics

    505 Main St Palmyra, NY 14522-1039

    • Investment properties
    • 10,900 SF
    • 1.97 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 24, 2025
    $1,250,000
    Location Intelligence
    Property ID
    US63-2246564
    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

    • Razor's Edge / Beauty Salon / Tanning Salon
    • Palmyra Auto Repair / Transmission Shop
    • Can Kings: Bottle and Can Redemption Center / Bottle & Can Redemption Center
    • NAIL HAVEN / Nail Salon
    • Spillway Mini Storage / Storage Facility

    Property Details for 505 Main St

    Year built
    1956
    Lot size
    1.97 lot acres
    Property size
    10,900 SF
    Zone code
    C4
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    543601 64111-10-329705
    APU
    5436016411110329705

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Palmyra
    County
    Wayne
    State
    New York
    Longitude
    -77.245
    Latitude
    43.0638
    CBSA code
    40380
    CBSA name
    ROCHESTER, 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
    0
    $0.00
    $59,700
    $440,300
    $500,000
    -
    $60,303
    $444,748
    $505,051

    Comparable in this City

    • Value Estimation by Request
      6,104 SF

      136 Kent St

      STORE/OFFICE (MIXED USE) • 6,104 SF
      136 Kent St, Palmyra, NY 14522-1522
      View Details
    • Value Estimation
      $235,000
      7,728 SF

      3579 Rte 31

      STORE/OFFICE (MIXED USE) • 7,728 SF
      3579 Rte 31, Palmyra, NY 14522
      View Details
    • Value Estimation
      $50,000
      9,056 SF

      4672 Crk Rd

      STORE/OFFICE (MIXED USE) • 9,056 SF
      4672 Crk Rd, Palmyra, NY 14522-9728
      View Details
    • Value Estimation
      $230,000
      3,783 SF

      126 Cuyler St

      STORE/OFFICE (MIXED USE) • 3,783 SF
      126 Cuyler St, Palmyra, NY 14522-1402
      View Details
    • Value Estimation
      $240,000
      7,672 SF

      1666 State Rte 21

      STORE/OFFICE (MIXED USE) • 7,672 SF
      1666 State Rte 21, Palmyra, NY 14522-9202
      View Details
    • Value Estimation by Request
      2,475 SF

      347 Main St

      STORE/OFFICE (MIXED USE) • 2,475 SF
      347 Main St, Palmyra, NY 14522-1001
      View Details

    Similar Nearby for Sale

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      Palmyra Commercial Land For Sale

      Commercial land available in Palmyra, New York.
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      Commercial Land in High Traffic

      Commercial land in prime location with high traffic.
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      Palmyra Gas Station For Sale

      Gas station in high-traffic Palmyra, NY, offers excellent investment.
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      View Details
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    505 Main St
    Palmyra, NY 14522-1039
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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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