Individually Owned Property summary
AI-generated overview
This exceptional turnkey business opportunity in Canisteo, NY, presents a rare chance to acquire a well-established auto repair garage and used car sales business, operating successfully since 1963. The main building, approximately 3,632 square feet (85' x 35'), boasts a 9'4" ceiling height, a gas furnace with radiant floor heating, and ample customer parking. Included in the sale is a comprehensive array of equipment: an alignment machine, tire changer and balancer, brake lathe, one lift, air compressor, and a waste oil furnace. Adding to the investment potential is a two-story barn (approximately 30' x 30') with a metal roof, currently used for storage but offering significant rental income potential for boats, campers, or other storage needs. Above the garage is a spacious three-bedroom apartment, currently generating $1,000 per month in rental income, including utilities. The apartment features a large kitchen, living room, laundry area, and two bathrooms (one with a shower, one with a tub). All appliances are included. County records indicate the building was constructed in 1960
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1937
Total area
3,632 SF
Lot
0.35 ac (15,246 SF)
Zoning code
07 - MIXED
APN
463201 197.07-01-054.000
UPID
US63-2302305
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store Auto Parts Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$265k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$240k
Owner & transaction history
Zoning & alternative use
07 - MIXED · Canisteo, NY
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$240k
Value range
$216k – $264k
±10% around blend
Estimated value / SF
$66 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
$216k
blend $240k
$264k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,632 SF
Lot area
0.35 ac
Year built
1937
Stories
2
APN
463201 197.07-01-054.000
Zoning
07 - MIXED
Assessed value
$130,000
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$240k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 18 sales
$40
+64%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $66/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$130k
Move the market yield to see immediate price impact.
Value / SF
$36
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$8k
$164k
$117k
$91k
$9k
$182k
$130k
$101k
$10k
$200k
$143k
$111k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Property tax & assessments
Assessed value
$130,000
Assessed 2023
Previous assessed
$130,000
+0.0% YoY
Assessed land
$11,500
Assessed improvement
$118,500
Land market value
$11,979
Improvement market value
$123,438
Total market value
$135,417
Applied tax rate
463,202.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1937
Heating
STEAM
Buildings
1
Stories
2
Rooms
5
Bathrooms
2
Total area
3,632 SF
Lot
0.35 ac (15,246 SF)
Zoning code
07 - MIXED
APN
463201 197.07-01-054.000
UPID
US63-2302305
Jurisdiction
STEUBEN
Zoning & alternative use
07 - MIXED · Canisteo, NYZoning 07 - MIXED · permitted uses
07 - MIXED · Canisteo, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1937
Heating
STEAM
Stories
2
Buildings
1
Rooms
5
Bathrooms
2
Lot
0.35 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
07 - MIXED
Jurisdiction
Canisteo, NY
Recorded code
07 - MIXED
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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