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Property profile & analytics
OFF-MARKET
Estimated value
$3,420,000
Industrial properties
5900 Genesee St, Lancaster, NY 14086-9024
Entity Owned
1-yr Hold
Free & Clear
Property ID
US63-4175208
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2011
Total area
50,000 SF
Lot
8.98 ac (391,169 SF)
Zoning code
BUS-IND
APN
145289 83.00-5-25.2
UPID
US63-4175208
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
-
Motivair Corporation Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.76M
CAP Approach
CAP
$3.38M
Comparable Approach
Comparable
$2.92M
Blend (final)
Blend
$3.42M
Owner & transaction history
5900 Genesee Re Holdings LLC · 1 yrs held
5900 Genesee Re Holdings LLC
since 2025
Last sale
$3.8M
3 recorded transactions
Zoning & alternative use
BUS-IND · Lancaster, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.1M
+190.9%
Auto repair, garage
$5.0M
+189.2%
Warehouse, storage
$2.5M
+40.9%
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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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
Method
Estimation
Statistic approach
$2,965,000
ML approach
$3,755,000
CAP Approach
CAP Return
Estimation
6%
$3,655,000
6.5%
$3,375,000
7%
$3,135,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,055,000
Change: +191% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,025,000
Change: +189% · Conversion: Easy
WAREHOUSE, STORAGE
$2,450,000
Change: +41% · Conversion: Easy
Blend value · Realmo final
$3.42M
Range $3.08M – $3.76M · ±10% · vs last sale $3.75M (Dec 4 2024)
Last sale anchor
$3.75M
Dec 4 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$68 / SF
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
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$3,890,000
Assessed 2023
Previous assessed
$3,890,000
+0.0% YoY
Assessed land
$345,000
Assessed improvement
$3,545,000
Land market value
$460,003
Improvement market value
$4,726,697
Total market value
$5,186,700
Applied tax rate
145,201.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2011
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
1
Total area
50,000 SF
Lot
8.98 ac (391,169 SF)
Zoning code
BUS-IND
APN
145289 83.00-5-25.2
UPID
US63-4175208
Jurisdiction
ERIE
Zoning & alternative use
BUS-IND · Lancaster, NY
Zoning BUS-IND · permitted uses
BUS-IND · Lancaster, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$5.0M
WAREHOUSE, STORAGE
Est. value
$2.5M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2011
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
8.98 ac
Current owner
From public records · entity-resolved
5900 Genesee Re Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5900 GENESEE ST, LANCASTER, NY 14086-9024
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2025
$3,750,000
5900 Genesee Re Holdings LLC
5900 Genesee LLC
Bargain & Sale Deed
—
Aug 6, 2020
$3,017,637
5900 Genesee LLC
Palmerton Holdings INC
Grant Deed
$2,600,000 · Evans Bk NA
Aug 18, 2010
$125,000
Palmerton Hldgs INC
5872 Genesee Street Trust
Grant 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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