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Property profile & analytics
OFF-MARKET
Medical Office Space
740 2nd St Elmira, NY 14905-2240
Entity Owned
20-yr Hold
Free & Clear
Property ID
US63-6194780
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1920
Total area
2,367 SF
Lot
0.45 ac (19,400 SF)
Zoning code
RA
APN
070400 89.17-3-31
UPID
US63-6194780
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
-
Parr Nancy Church
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
ABLE2 ENHANCING POTENTIAL, INC
ABLE2 ENHANCING POTENTIAL, INC
Zoning & alternative use
RA · Elmira, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to create, preserve and enhance areas of the City composed primarily of single family residences built at low or medium densities on quiet streets, but which were developed at a period of time in the past when lot sizes were somewhat smaller than those of more recently developed single family neighborhoods. These areas are still sta…
Zone name
Residential One Family
General category
RESIDENTIAL
Zone area
1,638.56 ac
Source
Realmo
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 Elmira submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elmira 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
Tax year 2020Property tax & assessments
Tax year 2020
Assessed value
$120,000
Assessed 2023
Previous assessed
$120,000
+0.0% YoY
Assessed land
$13,100
Assessed improvement
$106,900
Land market value
$19,846
Improvement market value
$161,954
Total market value
$181,800
Applied tax rate
70,400.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1920
Heating
STEAM
Cooling
CENTRAL
Buildings
1
Stories
2
Bathrooms
1
Total area
2,367 SF
Lot
0.45 ac (19,400 SF)
Zoning code
RA
APN
070400 89.17-3-31
UPID
US63-6194780
Jurisdiction
CHEMUNG
Zoning & alternative use
RA · Elmira, NYZoning RA · permitted uses
RA · Elmira, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to create, preserve and enhance areas of the City composed primarily of single family residences built at low or medium densities on quiet streets, but which were developed at a period of time in the past when lot sizes were somewhat smaller than those of more recently developed single family neighborhoods. These areas are still stable and essentially in sound condition and should be protected from the intrusion of uses and activities incompatible with the character of a single family area. Because of the older and more modest character of this type of neighborhood, a limited amount of uses not of the single family type may have found a place in the district in the past.
Zone name
Residential One Family
General category
RESIDENTIAL
Zone area
1,638.56 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1920
Heating
STEAM
Cooling
Yes
Stories
2
Buildings
1
Bathrooms
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
ABLE2 ENHANCING POTENTIAL, INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 1554, ELMIRA, NY 14902-1554
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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