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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Automotive properties
81 Main St Wellsville, NY 14895-1520
Entity Owned
15-yr Hold
Free & Clear
Property ID
US63-0209410
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1970
Total area
11,356 SF
Lot
2.58 ac (112,385 SF)
Zoning code
03 - MULTI-FAMILY
APN
027001 239.9-2-35
UPID
US63-0209410
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
-
Bokman of Wellsville, Inc Service Center Auto Repair Shop
-
BOKMAN OF WELLSVILLE, INC. Car Dealership Auto Repair Shop
-
Bokman of Wellsville, Inc Parts Store Auto Parts Store
-
GMC at BOKMAN OF WELLSVILLE, INC Car Dealership
-
BOKMAN OF WELLSVILLE, INC. Buick Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$610k
Owner & transaction history
South 81 Main Street LLC · 15 yrs held
South 81 Main Street LLC
since 2010
4 recorded transactions
Zoning & alternative use
03 - MULTI-FAMILY · Wellsville, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$960,000
+30.2%
Office building
$945,000
+27.9%
Commercial (general)
$825,000
+11.7%
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 Wellsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wellsville 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$740,000
Current use
RESTAURANT
$960,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$945,000
Change: +28% · Conversion: Difficult
COMMERCIAL (GENERAL)
$825,000
Change: +12% · Conversion: Moderate
WAREHOUSE, STORAGE
$695,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±10%
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
$54 / 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
$541,000
Assessed 2023
Previous assessed
$541,000
+0.0% YoY
Assessed land
$170,000
Assessed improvement
$371,000
Land market value
$236,115
Improvement market value
$515,285
Total market value
$751,400
Applied tax rate
27,001.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1970
Heating
NONE
Buildings
2
Stories
1
Total area
11,356 SF
Lot
2.58 ac (112,385 SF)
Zoning code
03 - MULTI-FAMILY
APN
027001 239.9-2-35
UPID
US63-0209410
Jurisdiction
ALLEGANY
Zoning & alternative use
03 - MULTI-FAMILY · Wellsville, NY
Zoning 03 - MULTI-FAMILY · permitted uses
03 - MULTI-FAMILY · Wellsville, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wellsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$740,000
RESTAURANT
Est. value
$960,000
OFFICE BUILDING
Est. value
$945,000
COMMERCIAL (GENERAL)
Est. value
$825,000
WAREHOUSE, STORAGE
Est. value
$695,000
AUTO REPAIR, GARAGE Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1970
Heating
NONE
Stories
1
Buildings
2
Lot
2.58 ac
Current owner
From public records · entity-resolved
South 81 Main Street LLC
Entity
Free & Clear · 15 yrs held
Mailing address
81 S MAIN ST, WELLSVILLE, NY 14895-1520
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
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
Dec 2, 2010
$480,000
South 81 Main Street LLC
6429 Transit LLC
Grant Deed
related
—
May 2, 2007
$450,000
6429 Transet LLC
Preston,norman L
Warranty Deed
—
May 2, 2007
$400,000
Norman L Preston
Rigas,john
Warranty Deed
—
Dec 1, 2006
—
Doris Rigas
Rigas,john
Quit Claim Deed
related
—
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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