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    Property profile & analytics

    616-618 Main St Elmira, NY 14904

    • Investment properties
    • 1,170 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jul 06, 2021
    Location Intelligence
    Property ID
    US63-2759336
    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

    • Investment properties

    Property Details for 616-618 Main St

    Year built
    1944
    Lot size
    0.38 lot acres
    Property size
    1,170 SF
    Zone code
    BA
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    070400 99.15-5-54.1
    APU
    7040099155541

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elmira
    County
    Chemung
    State
    New York
    Longitude
    -76.8014
    Latitude
    42.0745
    CBSA code
    21300
    CBSA name
    ELMIRA, 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
    2020
    $0.00
    $23,400
    $28,600
    $52,000
    -
    $35,460
    $43,340
    $78,800

    Comparable in this City

    • Value Estimation by Request
      1,457 SF

      212 Birch St

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      2,945 SF

      835 Broadway St

      STORE/OFFICE (MIXED USE) • 2,945 SF
      835 Broadway St, Elmira, NY 14904-2531
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    • Value Estimation by Request
      1,586 SF

      Kinyon St

      STORE/OFFICE (MIXED USE) • 1,586 SF
      Kinyon St, Elmira, NY 14904
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      $90,000
      2,698 SF

      356 Franklin St

      STORE/OFFICE (MIXED USE) • 2,698 SF
      356 Franklin St, Elmira, NY 14904-1655
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    • Value Estimation
      $80,000
      3,864 SF

      207 Pennsylvania Ave

      STORE/OFFICE (MIXED USE) • 3,864 SF
      207 Pennsylvania Ave, Elmira, NY 14904-1420
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    • Value Estimation by Request
      3,900 SF

      415 Walnut St

      STORE/OFFICE (MIXED USE) • 3,900 SF
      415 Walnut St, Elmira, NY 14904-1651
      View Details

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      Two-unit property with rental income and convenient location in Elmira.
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      Elmira Two-Unit Investment Opportunity

      Two-unit property in Elmira, NY, ideal for investors or owner-occupiers.
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    • $30,000
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      Elmira Mixed-Use Redevelopment Opportunity

      Three-story brick building with retail and apartment potential.
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    Similar Nearby for Lease

    • Contact for pricing
      10,945 SF

      Freestanding Retail Building with Drive-Thru

      Former pharmacy with drive-thru, suitable for retail or restaurant.
      209 Mount Zoar St, Elmira, NY 14904
      View Details
    • $11,400 /Mo
      373,000 SF

      Elmira Industrial Manufacturing Campus

      Multiple spaces, 48 acres, rail access
      1051 Main St, Elmira, NY 14904
      View Details
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    616-618 Main St
    Elmira, NY 14904
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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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