Individually Owned Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1974
Total area
31,140 SF
Lot
13.5 ac (588,060 SF)
Zoning code
HA
APN
070400 89.16-7-2
UPID
US63-3162914
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.33M
Blend (final)
Blend
$2.21M
Owner & transaction history
since 2006
1 recorded transaction
Zoning & alternative use
HA · Elmira, NY
Zoning description
250.12 HA District Intent [Hospital]. The provisions of this section are intended to create, preserve, and enhance integrated and unified hospital areas devoted to medical, surgical and other therapeutic establishments w…
General category
CIVIC_INSTITUTIONAL
Top alternative use upside
Commercial (general)
$2.5M
+50.9%
Restaurant
$2.3M
+37.2%
Office building
$1.8M
+8.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.21M
Value range
$1.99M – $2.43M
±10% around blend
Estimated value / SF
$71 / SF
Confidence
Property data
88
Comparable evidence
60
$1.99M
blend $2.21M
$2.43M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
31,140 SF
Lot area
13.5 ac
Year built
1974
Stories
2
APN
070400 89.16-7-2
Zoning
HA
Assessed value
$12,985,000
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.33M
Range $500k – $2.33M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.21M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+51%
vs current-use indication
Restaurant
Office Building
Auto Repair, Garage
Medical Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$12.98M
Move the market yield to see immediate price impact.
Value / SF
$417
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$818k
$16.36M
$11.69M
$9.09M
$909k
$18.18M
$12.98M
$10.10M
$1,000k
$20.00M
$14.28M
$11.11M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Assessed value
$12,985,000
Assessed 2023
Previous assessed
$12,985,000
+0.0% YoY
Assessed land
$410,000
Assessed improvement
$12,575,000
Land market value
$621,211
Improvement market value
$19,052,989
Total market value
$19,674,200
Applied tax rate
70,400.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1974
Heating
NONE
Buildings
6
Stories
2
Total area
31,140 SF
Lot
13.5 ac (588,060 SF)
Zoning code
HA
APN
070400 89.16-7-2
UPID
US63-3162914
Jurisdiction
CHEMUNG
Zoning & alternative use
HA · Elmira, NYZoning HA · permitted uses
HA · Elmira, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
250.12 HA District Intent [Hospital]. The provisions of this section are intended to create, preserve, and enhance integrated and unified hospital areas devoted to medical, surgical and other therapeutic establishments w…
General category
CIVIC_INSTITUTIONAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Stories
2
Buildings
6
Lot
13.5 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
HA
CIVIC_INSTITUTIONAL
Jurisdiction
Elmira, NY
Recorded code
HA
Official district
HA
Official district profile
What the municipal code says about HA
Zoning description
250.12 HA District Intent [Hospital]. The provisions of this section are intended to create, preserve, and enhance integrated and unified hospital areas devoted to medical, surgical and other therapeutic establishments w…
General category
CIVIC_INSTITUTIONAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for HA in Elmira, NY.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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