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    Property profile & analytics

    56 Main St Alfred, NY 14802-1011

    • Investment properties
    • 1,872 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 12, 2024
    $148,000
    Location Intelligence
    Property ID
    US63-1144730
    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

    • Temple / Restaurant
    • Little Aldea / Restaurant / Mexican Restaurant

    Property Details for 56 Main St

    Year built
    1880
    Lot size
    0.04 lot acres
    Property size
    1,872 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    022001 164.7-1-17
    APU
    220011647117

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Alfred
    County
    Allegany
    State
    New York
    Longitude
    -77.7896
    Latitude
    42.2558

    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
    $1,900
    $69,825
    $71,725
    -
    $2,836
    $104,216
    $107,052

    Comparable in this City

    • Value Estimation
      $285,000
      6,000 SF

      27 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,000 SF
      27 Main St, Alfred, NY 14802-1027
      View Details
    • Value Estimation by Request
      1,996 SF

      150 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,996 SF
      150 Main St, Alfred, NY 14802
      View Details
    • Value Estimation by Request
      1,728 SF

      11 Elm St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,728 SF
      11 Elm St, Alfred, NY 14802-1109
      View Details
    • Value Estimation by Request
      6,000 SF

      23 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,000 SF
      23 Main St, Alfred, NY 14802-1027
      View Details
    • Value Estimation
      $330,000
      9,252 SF

      15 Church St

      OFFICE/RESIDENTIAL (MIXED USE) • 9,252 SF
      15 Church St, Alfred, NY 14802-1101
      View Details
    • Value Estimation by Request
      2,184 SF

      11 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,184 SF
      11 Main St, Alfred, NY 14802-1316
      View Details

    Similar Nearby for Sale

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      Two-unit apartment near Alfred State and Alfred University.
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      Alfred Main Street Commercial Space

      Prime Alfred location, high potential!
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      Professional medical office with potential for various uses.
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    Similar Nearby for Lease

    • $12 SF/Yr
      30,000 SF

      Office Spaces in Incubator Works

      Office spaces available for rent in Alfred, New York.
      200 Main St North, Alfred, NY 14802
      View Details
    • $12 SF/Yr
      30,000 SF

      Office Spaces in Incubator Works

      Office spaces available for rent in Alfred, New York.
      200 Main St North, Alfred, NY 14802
      View Details
    • $12 SF/Yr
      30,000 SF

      Office Spaces in Incubator Works

      Office spaces for rent in Alfred, NY, ranging from 350-1080 sq ft.
      200 Main St North, Alfred, NY 14802
      View Details
    • $12 SF/Yr
      30,000 SF

      Office Spaces in Incubator Works

      Office spaces available for rent in Alfred, New York.
      200 Main St North, Alfred, NY 14802
      View Details
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    56 Main St
    Alfred, NY 14802-1011
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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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