Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    53 Ithaca St Waverly, NY 14892

    Sponsored
    For Sale
    $189,900

    Commercial Sale - Waverly, NY

    Property size:
    2,970 SF
    Lot size:
    1.36 Acres
    Days on Market:
    6
    Last Refresh:
    Jan 18 at 9:06 pm

    Property Features for 53 Ithaca St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1
    Bathrooms
    1
    Size
    2,970 SF
    Lot size
    1.36 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1960
    Building materials
    Wood Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Kelly Sindoni

    Warren Real Estate - Sayre (607) 257-0666

    Listing agent Kelly Sindoni (607) 257-0666

    Listing date Jan 13, 2026

    MLS# 31722659 Listing URL

    Copyright © 2026 Northern Mountains of Pennsylvania MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Waverly Commercial Property with Warehouse

    Located in the heart of Waverly's business district, this 1.38-acre commercial property includes a 2,970 sq. ft. warehouse, a 1,182 sq. ft., 2-bedroom, 1-bath ranch home, and several small outbuildings. The warehouse was formerly home to Ward's Furniture for many years. Both the warehouse and home need some TLC, but provide a solid foundation for a variety of uses. With some updates, this property could become a thriving retail space, workshop, or service-based business, with the added benefit of on-site living or rental income from the residence. Most of the inventory in the warehouse is included in the sale, offering a great head start for a retail operation. This property offers potential for entrepreneurs, investors, or small business owners to bring new life to a well-known Waverly property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waverly
    County
    Tioga
    State
    New York
    Longitude
    -76.5252963
    Latitude
    42.0087304

    Nearby Similar for Sale

    • $269,000
      0.14 Acres

      Waverly Commercial Property with Income

      Turnkey commercial property with established business, apartment, and vacant lot.
      210-220 Broad Street Ext, Waverly, NY 14892
      View Details
    • $250,000
      Pending

      Mixed-Use Property with Development Potential

      Two-unit apartment, barn, storage units, and vacant field in Waverly.
      768 State Route 17C, Waverly, NY 14892
      View Details
    • $625,000
      0.11 Acres

      Waverly Mixed-Use Investment Opportunity

      High-performing mixed-use building with strong cash flow and upside potential.
      367 Broad St, Waverly, NY 14892
      View Details
    • $150,000
      Pending

      Waverly Multi-Family Investment Opportunity

      Multi-family property with garage bays, mobile home lot, and rental income.
      750-752 State Route 17C, Waverly, NY 14892
      View Details
    • $325,000
      Pending

      Metal Fabrication Business For Sale

      Established metal fabrication and welding business with equipment and inventory.
      116 Howard St, Waverly, NY 14892
      View Details
    • $329,900

      Well-Maintained 6-Unit Apartment Building

      Income-producing 6-unit apartment building with solid rental history.
      10 Cooper St, Waverly, NY 14892
      View Details
    • $1,399,000
      11,660 SF

      Former Market with Retail Space

      Retail building with equipment, furnishings, and fixtures for grocery store.
      118 Broad Street Ext, Waverly, NY 14892
      View Details
    • $1,399,000
      11,660 SF

      Former Market with Retail Space

      Retail building with equipment, furniture, and fixtures included.
      118 Broad St, Waverly, NY 14892
      View Details
    • $149,900

      Renovated Two-Family Home

      Move-in ready duplex with investment potential on a large lot.
      539 Broad St, Waverly, NY 14892
      View Details
    • $209,900

      Waverly Four-Family Investment Property

      Fully occupied four-family property in Waverly with immediate income.
      202 William St, Waverly, NY 14892
      View Details
    • $857,142
      9,100 SF

      Dollar General Investment Opportunity

      High-performing, 7% cap rate, NY retail.
      575 Broad St, Waverly, NY 14892
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 1.38-acre commercial property with warehouse, home, and outbuildings in Waverly.
    Where is this mixed-use property located?
    The property is located at 53 Ithaca St Waverly, NY.
    What is the asking price?
    The asking price for this property is $189,900.
    What are key features of this property?
    This property features: - 1.38-acre commercial property in the heart of Waverly's business district.; - Includes a 2,970 sq. ft. warehouse and a 1,182 sq. ft. ranch home.; - Warehouse inventory included in the sale.
    (607) 857-3102
    Request Owner's contact information
    53 Ithaca St Waverly, NY 14892
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    53 Ithaca St
    Waverly, NY 14892
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    53 Ithaca St Waverly, NY 14892
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kelly Sindoni
    (607) 857-3102
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.