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    For Sale (24)

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    Homer Village Two-Story Home
    $279,000
    2,478 SF

    Homer Village Two-Story Home

    Two-story home with accessory apartment and in-ground pool.

    2 S Fulton St, Homer, NY 13077
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    Cortland Commercial Building with Restaurant Potential
    $385,000
    3,378 SF

    Cortland Commercial Building with Restaurant Potential

    Commercial building near SUNY Cortland, ideal for restaurant or other ventures.

    219-1/2 Tompkins Street Ext, Cortland, NY 13045
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    Cincinnatus Two-Unit Income Property
    $139,000
    1,896 SF

    Cincinnatus Two-Unit Income Property

    Two-unit property in Cincinnatus with owner-occupied potential.

    5730 Telephone Road Ext, Cincinnatus, NY 13040
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    Cortland Two-Family Home with Upside
    $159,900
    1,932 SF

    Cortland Two-Family Home with Upside

    Two-unit property in Cortland, NY, with investment potential.

    132 Central Ave, Cortland, NY 13045
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    McGraw Village Triplex Investment Opportunity
    $129,000
    3,535 SF

    McGraw Village Triplex Investment Opportunity

    Three-unit property in McGraw, NY, with separate utilities and updates.

    25 North St, McGraw, NY 13101
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    Profitable Virgil Property with Multiple Streams
    $900,000
    6,560 SF

    Profitable Virgil Property with Multiple Streams

    Turn-key investment property with welding business, storage, and U-Haul.

    1234 State Route 392, Cortland, NY 13045
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    Commercial Land Near Greek Peak
    $32,000
    6.00 Acres

    Commercial Land Near Greek Peak

    6-acre commercial land near Hope Lake Lodge and Greek Peak.

    Rte 392, Cortland, NY 13045
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    McGraw Multifamily Property with Income Potential
    $149,900
    1,761 SF

    McGraw Multifamily Property with Income Potential

    Two-unit property near McGraw, NY, with flexible living and income potential.

    3776 Mcgraw Marathon Rd, McGraw, NY 13101
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    Residential Land in Cortland, NY
    $52,000
    0.76 Acres

    Residential Land in Cortland, NY

    Flat, level lot ready for construction near Ithaca, NY.

    Mclean Rd, Cortland, NY 13045
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    Rehab Duplex with Income Potential
    $74,900
    2,208 SF

    Rehab Duplex with Income Potential

    Duplex in Mc Graw, NY, ideal for investment.

    35 Main St, McGraw, NY 13101
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    Fully Rented Two-Family Unit
    $95,999
    1,372 SF

    Fully Rented Two-Family Unit

    Two-unit property in a quiet setting, ideal for owner-occupancy.

    26-1/2 W Center St, McGraw, NY 13101
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    Truxton Land for Sale
    $79,900
    32.82 Acres

    Truxton Land for Sale

    32.82 acres of wooded land in Truxton, NY.

    W Cheningo Rd, Truxton, NY 13158
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    Land Near Greek Peak Resort
    $159,900
    20.39 Acres

    Land Near Greek Peak Resort

    20+ acres near Greek Peak with ski slope views.

    2009 Thermopylae Dr, Cortland, NY 13045
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    Versatile Commercial Property Near Cortland
    $425,000
    4,540 SF

    Versatile Commercial Property Near Cortland

    Well-maintained commercial building with high ceilings and versatile space.

    1134 State Route 13, Cortland, NY 13045
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    Marathon, NY Building Lot
    Contact for pricing
    0.29 Acres

    Marathon, NY Building Lot

    Commercial land in Marathon, NY, suitable for various business ventures.

    36 Cortland St, Marathon, NY 13803
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    Cincinnatus Land with Pond Access
    $110,000
    20.01 Acres

    Cincinnatus Land with Pond Access

    20.01 acres with pond access, ideal for off-grid living.

    Stramba Rd, Cincinnatus, NY 13040
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    Versatile Commercial Barn in Cincinnatus
    $185,000
    5,000 SF

    Versatile Commercial Barn in Cincinnatus

    Unique commercial barn with multiple potential uses in Cincinnatus, NY.

    2686 State Route 26, Cincinnatus, NY 13040
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    Prime Land Near Greek Peak
    $450,000
    81.54 Acres

    Prime Land Near Greek Peak

    81+ acres near Greek Peak, ideal for recreation or development.

    2220 Kypriotis Dr, Cortland, NY 13045
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    LAND - Contemporary - Marathon, NY
    $325,000
    107.49 Acres

    LAND - Contemporary - Marathon, NY

    Recreation land • 620 SF

    Merrill Creek Rd, Marathon, NY 13803
    View details
    Residential Land in Established Neighborhood
    $74,900
    4.81 Acres

    Residential Land in Established Neighborhood

    4.81 acre building lot in Cortland, NY.

    3665 Hedgemoor Dr, Cortland, NY 13045
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    Cortland Commercial Building For Sale
    Contact for pricing
    3,378 SF

    Cortland Commercial Building For Sale

    Commercial building near SUNY Cortland, suitable for various enterprises.

    219-1/2 Tompkins St, Cortland, NY 13045
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    6-Acre Commercial Land Near Greek Peak
    $32,000

    6-Acre Commercial Land Near Greek Peak

    6 acres with frontage on Rt 392, near Hope Lake Lodge.

    State Route 392, Cortland, NY 13045
    View details
    Restaurant Opportunity Near SUNY Cortland
    $385,000

    Restaurant Opportunity Near SUNY Cortland

    Restaurant-ready building near SUNY Cortland with owner financing available.

    219 Tompkins St, Cortland, NY 13045
    View details
    Mixed-Use Plaza in Downtown Cortland
    $495,000
    7,599 SF

    Mixed-Use Plaza in Downtown Cortland

    Downtown plaza with commercial spaces, apartments, and storage.

    180 Main St, Cortland, NY 13045
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    For Lease (7)

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    Premier Office Space Available
    $1,300 / Mo
    1,072 SF

    Premier Office Space Available

    Over 1000 sq. ft. office space for rent.

    165 Main St, Cortland, NY 13045
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    Professional Office Building For Lease
    $15 SF/Yr
    12,096 SF

    Professional Office Building For Lease

    Well-maintained office building in accessible commercial corridor with flexible layout.

    1-5 Clayton Ave, Cortland, NY 13045
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    Cortland Office Space For Rent
    $247 SF/Yr
    100 SF

    Cortland Office Space For Rent

    Prime office space available in a premier Cortland building.

    1 N Main St, Cortland, NY 13045
    View details
    Homer Retail/Office Space Available
    $850 / Mo
    7,302 SF

    Homer Retail/Office Space Available

    Versatile commercial space in Homer, suitable for retail or office.

    104 B N Unit St West, Homer, NY 13077
    View details
    Homer Office Space For Rent
    $1,300 / Mo
    2,680 SF

    Homer Office Space For Rent

    Unique office space in Homer, suitable for various businesses.

    21 S West St, Homer, NY 13077
    View details
    Prime Commercial Space in Cortland
    $15 SF/Yr
    39,500 SF

    Prime Commercial Space in Cortland

    Premier commercial space in revitalized Downtown Cortland landmark building.

    110 Main St, Cortland, NY 13045
    View details
    Cortland Office Space Available
    $247 SF/Yr
    100 SF

    Cortland Office Space Available

    Office unit for rent in premier Cortland location.

    1 N Main St, Cortland, NY 13045
    View details

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    Yaman Real Estate
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Yaman Real Estate
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