New search
Property profile & analytics
OFF-MARKET
Estimated value
$31,140,000
Industrial properties
9261 Addison Rd, Painted Post, NY 14870
Entity Owned
Free & Clear
Property ID
US63-2180837
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2003
Total area
388,032 SF
Lot
90.6 ac (3,946,536 SF)
APN
464289 333.00-01-029.400
UPID
US63-2180837
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$36.92M
Comparable Approach
Comparable
$25.36M
Blend (final)
Blend
$31.14M
Owner & transaction history
CORNING PROPERTY MANAGEMENT CO
CORNING PROPERTY MANAGEMENT CO
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$43.5M
+224.2%
Restaurant
$40.8M
+203.9%
Auto repair, garage
$33.8M
+151.6%
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 Painted Post submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Painted Post 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%
$40,000,000
6.5%
$36,920,000
7%
$34,285,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$43,525,000
Change: +224% · Conversion: Difficult
RESTAURANT
$40,805,000
Change: +204% · Conversion: Difficult
AUTO REPAIR, GARAGE
$33,775,000
Change: +152% · Conversion: Easy
OFFICE BUILDING
$28,290,000
Change: +111% · Conversion: Difficult
MEDICAL BUILDING
$27,655,000
Change: +106% · Conversion: Difficult
RETAIL STORES
$26,590,000
Change: +98% · Conversion: Moderate
WAREHOUSE, STORAGE
$20,200,000
Change: +50% · Conversion: Easy
Blend value · Realmo final
$31.14M
Range $28.03M – $34.25M · ±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
$80 / 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
$32,203,700
Assessed 2023
Previous assessed
$32,203,700
+0.0% YoY
Assessed land
$903,400
Assessed improvement
$31,300,300
Land market value
$1,015,056
Improvement market value
$35,168,877
Total market value
$36,183,933
Applied tax rate
462,001.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2003
Heating
NONE
Cooling
CENTRAL
Buildings
5
Stories
5
Total area
388,032 SF
Lot
90.6 ac (3,946,536 SF)
APN
464289 333.00-01-029.400
UPID
US63-2180837
Jurisdiction
STEUBEN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$43.5M
RESTAURANT
Est. value
$40.8M
AUTO REPAIR, GARAGE
Est. value
$33.8M
OFFICE BUILDING
Est. value
$28.3M
MEDICAL BUILDING
Est. value
$27.7M
RETAIL STORES
Est. value
$26.6M
WAREHOUSE, STORAGE
Est. value
$20.2M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
2003
Heating
NONE
Cooling
Yes
Stories
5
Buildings
5
Lot
90.6 ac
Current owner
From public records · entity-resolved
CORNING PROPERTY MANAGEMENT CO
Individual
Free & Clear · 0 yrs held
Mailing address
1 RIVERFRONT PLZHQ-E2, CORNING, NY 14831-0001
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 9261 Addison Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
