Technical
Financial
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Property profile

736 Addison Rd Painted Post, NY 14870

FOR LEASE
Other warehouses
Property ID
US63-6186153
411,435 SF 65.03 ac lot Built 2006
Entity Owned 20-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a 2006-built industrial warehouse facility with an attached office component of approximately 3,200 square feet, totaling approximately 408,000 square feet of gross building area. The warehouse is equipped with 27 dock-height loading doors, each with dock bumpers, shelters, and levelers, as well as four drive-in doors. Warehouse clear height varies from approximately 39 feet to 45 feet, and the structural grid uses 50-foot by 50-foot column spacing. Building infrastructure includes 300 KVA electrical service, T-5 and LED lighting, and a sprinkler system throughout. The facility sits on a 65-acre site and is zoned I-2 Industrial. On-site parking totals 64 spaces, and the site supports potential expansion consistent with the stated ability to add approximately 195,000 square feet. The loading layout and presence of a dedicated office component support distribution and industrial logistics uses that require flexible loading and functional administrative space.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Year built 2006
Total area 411,435 SF
Lot 65.03 ac (2,832,707 SF)
APN 464289 334.00-01-025.112
UPID US63-6186153

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Warehouse & Storage

Location

736 Addison Rd Painted Post, NY 14870
Painted Post metro Census 962301 CORNING, NY MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$24.78M
Blend (final) Blend
$24.36M

Owner & transaction history

since 2005
2 recorded transactions
2005
$1.2M
2005
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $35.8M +67.2%
Office building $30.0M +40.1%
Medical building $29.3M +36.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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