Financial
Distress signals
Property profile

226 Cecil Malone Dr Ithaca, NY 14850

FOR LEASE
Manufacturing properties
Property ID
US63-3114879
13,656 SF 3.34 ac lot Built 1980
Last sale Jun 2020 · $3,831,250
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

An industrial warehouse building totaling 46,800 square feet, formerly known as Triangle Steel Plaza, configured with leasable warehouse areas and material-handling infrastructure. The facility has 3-phase power, four 12-by-16 overhead doors (with a mix of powered and manual operation), and provisions for heating (heat system not currently in service). Interior ceiling heights range from 35 to 40 feet, and it includes two to four sliding electric cranes. The warehouse layout includes two

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

What does the county charge?
Assessed value · 2023$1.50M
Assessed land$500k
Assessed improvement$1.00M

Value estimate

· Sep 2026
$2.54M
$2.29M – $2.79M
NOI build-up
Gross scheduled income$396k
Vacancy & credit loss−$17k
Operating expenses−$57k
NOI · 5,374,383.33% cap applied$322k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
5,374,383.33%
$322k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
I-1
JurisdictionTOMPKINS

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand index
Storage Facility14.5
Garden Center10.8
Kitchen & Bath10.7

Location

226 Cecil Malone Dr Ithaca, NY 14850
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
17 Hallwoods, Ithaca, NY 14850-8787 $5,500,000 Jun 2024 204,028 SF
810 Danby, Ithaca, NY 14850 $2,300,000 Dec 2022 N/A
620 Aurora, Ithaca, NY 14850-5726 $2,300,000 Dec 2022 462,839 SF
407 Clf, Ithaca, NY 14850-2009 $1,370,000 Mar 2022 24,232 SF
20 Bomax, Ithaca, NY 14850-1200 $5,600,000 Mar 2022 73,825 SF
1616 Trumansburg, Ithaca, NY 14850-9213 $220,000 Oct 2020 5,852 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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