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Property profile & analytics
OFF-MARKET
Banks
89 Main St Phelps, NY 14532-1054
Individually Owned
Free & Clear
Property ID
US63-2381217
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1960
Total area
3,800 SF
Lot
0.05 ac (2,379 SF)
Zoning code
05 - COMMERCIAL
APN
324001 48.09-2-61.100
UPID
US63-2381217
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
-
Generations Bank Bank Loan Service
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
Esl FCU
Esl FCU
since 2026
2 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Phelps, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Phelps submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phelps 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
$298,500
Assessed 2023
Previous assessed
$298,500
+0.0% YoY
Assessed land
$9,000
Assessed improvement
$289,500
Land market value
$10,975
Improvement market value
$353,025
Total market value
$364,000
Applied tax rate
324,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1960
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
2
Total area
3,800 SF
Lot
0.05 ac (2,379 SF)
Zoning code
05 - COMMERCIAL
APN
324001 48.09-2-61.100
UPID
US63-2381217
Jurisdiction
ONTARIO
Zoning & alternative use
05 - COMMERCIAL · Phelps, NYZoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · Phelps, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Esl FCU
Individual
Free & Clear · 0 yrs held
Mailing address
20 E BAYARD ST, SENECA FALLS, NY 13148-1623
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2026
$450,000
Esl FCU
Generations Bank
Deed
—
Sep 4, 2009
$285,000
Seneca Falls Savings Bank
Bank Of America
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.
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