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Property profile & analytics
OFF-MARKET
Estimated value
$1,775,000
Hotels
66 Pulteney St Corning, NY 14830-2260
Entity Owned
~
Est. High Equity
Property ID
US63-0026134
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1988
Total area
33,448 SF
Lot
1.94 ac (84,506 SF)
Zoning code
C
APN
460300 317.27-01-080.100
UPID
US63-0026134
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
-
Quality Inn Hotel & Motel
-
Tesla Destination Charger Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.65M
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.78M
Owner & transaction history
Varni Hospitality INC
Varni Hospitality INC
since 2025
Last sale
$2.0M
4 recorded transactions
Zoning & alternative use
C · Corning, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.7M
+123.7%
Medical building
$2.4M
+94.9%
Retail stores
$2.3M
+87.5%
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 Corning submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corning 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,785,000
6.5%
$1,650,000
7%
$1,530,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,225,000
Current use
COMMERCIAL (GENERAL)
$2,735,000
Change: +124% · Conversion: Difficult
MEDICAL BUILDING
$2,385,000
Change: +95% · Conversion: Difficult
RETAIL STORES
$2,290,000
Change: +87% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,740,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$1,515,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$1.78M
Range $1.60M – $1.95M · ±10% · vs last sale $2.00M (Jul 10 2025)
Last sale anchor
$2.00M
Jul 10 2025
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
$53 / 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
Property tax & assessments
Assessed value
$3,000,000
Assessed 2023
Previous assessed
$2,580,000
+16.3% YoY
Assessed land
$215,000
Assessed improvement
$2,785,000
Land market value
$215,000
Improvement market value
$2,785,000
Total market value
$3,000,000
Applied tax rate
460,300.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1988
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
33,448 SF
Lot
1.94 ac (84,506 SF)
Zoning code
C
APN
460300 317.27-01-080.100
UPID
US63-0026134
Jurisdiction
STEUBEN
Zoning & alternative use
C · Corning, NY
Zoning C · permitted uses
C · Corning, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Corning. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.5M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1988
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
1.94 ac
Current owner
From public records · entity-resolved
Varni Hospitality INC
Entity
Mailing address
66 W PULTENEY ST, CORNING, NY 14830-2260
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2025
$2,000,000
Varni Hospitality INC
Corning Hotel Company LLC
Deed
$2,320,000 · Us Metro Bank
Apr 22, 2019
$3,300,000
Corning Hotel Co LLC
Corning Hotel Assoc LLC
Warranty Deed
$2,895,000 · Savoy Bank
Apr 22, 2019
—
Corning Hotel Co LLC
—
Deed
related
$250,000 · Corning Hotel Assoc
Aug 6, 2007
—
Corning Hotel Assoc LLC
Shp Crystal City Lodging Ptnr
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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