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Property profile & analytics
FOR SALE
Bars & Pubs
68 River St Hornell, NY 14843
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-3043114
For Sale
1 / 37
$329,900
68 River St, Hornell, NY 14843
View Listing →
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1920
Total area
5,103 SF
Lot
0.14 ac (6,132 SF)
Zoning code
B-2
APN
460600 166.06-05-052.000
UPID
US63-3043114
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
-
RBI Sports Pub Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rbi Properties LLC · 1 yrs held
Rbi Properties LLC
since 2024
Last sale
$320,000
1 recorded transaction
Zoning & alternative use
B-2 · Hornell, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
y, morals and general welfare of the community, the City of Hornell is hereby divided into the following types of districts: A. Residence districts as follows: R-1, R-2 and R-3. B. Business districts as follows: B-1 and B-2. C. Industrial districts as follows: I-1 and 1-2. § 315-5 Zoning Map. Said districts are bounded and defined as shown on a map entitled…
Zone name
Business District
General category
COMMERCIAL
Zone area
250.56 ac
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 Hornell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hornell 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$164,200
Assessed 2023
Previous assessed
$164,200
+0.0% YoY
Assessed land
$14,700
Assessed improvement
$149,500
Land market value
$15,474
Improvement market value
$157,368
Total market value
$172,842
Applied tax rate
460,600.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
For Sale
Year built
1920
Heating
NONE
Buildings
1
Stories
2
Total area
5,103 SF
Lot
0.14 ac (6,132 SF)
Zoning code
B-2
APN
460600 166.06-05-052.000
UPID
US63-3043114
Jurisdiction
STEUBEN
Zoning & alternative use
B-2 · Hornell, NYZoning B-2 · permitted uses
B-2 · Hornell, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
y, morals and general welfare of the community, the City of Hornell is hereby divided into the following types of districts: A. Residence districts as follows: R-1, R-2 and R-3. B. Business districts as follows: B-1 and B-2. C. Industrial districts as follows: I-1 and 1-2. § 315-5 Zoning Map. Said districts are bounded and defined as shown on a map entitled "Zoning Map, City of Hornell, New York," which, with all explanatory matter thereon
Zone name
Business District
General category
COMMERCIAL
Zone area
250.56 ac
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Stories
2
Buildings
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Rbi Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
373 NEWCASTLE RD, ROCHESTER, NY 14610-1349
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2024
$320,000
Rbi Properties LLC
Jerrie Briggs
Warranty 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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