Financial
Distress signals
Property profile

3862 State Rte 281 Cortland, NY 13045

OFF-MARKET
Investment properties
Property ID
US63-2840041
7,200 SF 1 ac lot Built 1970
Last sale Mar 2024 · $620,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$11k
Tax billed · 2023
Assessed value$520k
Assessed land$300k
Assessed improvement$220k
Effective rate2.17%

Value estimate

· Sep 2026
$620k
$558k – $682k
AI approach$620k
Sales comparison$592k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$63/SF
ZIP average, outlier-cleaned · 46 recorded sales of this use type
Observed band · Q1–Q3$47 – $82
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
05 - COMMERCIAL
JurisdictionCORTLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency18.3
Law Firm13.1
Hair Salon12.5

Location

3862 State Rte 281 Cortland, NY 13045-8857
County assessor Recorded deeds · 3 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
89 Main, Cortland, NY 13045-6622 $350,000 Jan 2025 7,980 SF
128 Main, Cortland, NY 13045-2927 $865,000 Sep 2024 5,042 SF
121 Prt Watson, Cortland, NY 13045-3121 $125,000 Aug 2024 6,992 SF
3737 Luker, Cortland, NY 13045-9398 $525,000 Apr 2024 7,800 SF
35 Main, Cortland, NY 13045-2609 $275,000 Apr 2024 9,164 SF
37-39 Prt Watson, Cortland, NY 13045 $135,000 Aug 2023 9,600 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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