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    1253 Danby Rd undefined, NY 14867

    • Gas stations
    • 4,840 SF
    • 6.60 lot acres
    For Sale
    View listing
    Value Estimation
    Last Sale
    Apr 28, 2021
    $200,000
    Location Intelligence
    Property ID
    US63-5059270
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Young's / Convenience Store
    • Citgo / Gas Station
    • ATM / Atm
    • Newfield Convenience LLC / Gas Station

    Property Details for 1253 Danby Rd

    Year built
    1988
    Lot size
    6.60 lot acres
    Property size
    4,840 SF
    Property type
    Gas stations
    APN
    503400 4.-1-29.136
    APU
    5034004129136

    Description

    This exceptional investment opportunity presents a thriving, multi-faceted business located just south of Ithaca, NY. The property encompasses a 4,840 square foot, single-story building on a 6.6-acre lot, featuring a Citgo-branded gas station, a fully operational laundromat, and a leasable space ideal for a food and beverage establishment (e.g., ice cream shop, coffee shop, sandwich shop). The property boasts a strong 11.70% cap rate and is currently 66% occupied across its three units. Built in 1988 and extensively renovated in 2023, the building is in excellent condition, featuring updated appliances and equipment. The prime location near downtown Ithaca, state parks, and major commuter routes ensures high visibility and consistent customer traffic. The existing laundromat provides a stable, passive income stream with established staff included in the sale. The leasable space offers significant potential for additional revenue generation. Furthermore, the expansive 6.6-acre lot presents substantial opportunities for future expansion or development. The property is zoned commercial (Comm) and features a Tompkins County APN of 503400 4.-1-29.136. Financial details are available upon request and execution of a non-disclosure agreement. This turnkey operation offers immediate cash flow and significant long-term growth potential. The property's diverse income streams and prime location make it an attractive investment for both seasoned and emerging commercial real estate investors.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $205,000

    • CAP approach

      CAP return
      Estimation
      6%
      $275,000
      6.5%
      $310,000
      7%
      $295,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $240,000
      Geo Method
      $295,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $335,000
      Retail
      $300,000
      Mixed-Use
      $260,000
      Hospitality
      $270,000
      Educational
      $270,000
      Residential Income
      $325,000
      Energy
      $320,000
      Income-Based Land
      $265,000
      Food Service
      $305,000

    Location Insight

    • Map
    • Local Demand
    City
    Newfield
    County
    Tompkins
    State
    New York
    Longitude
    -76.552
    Latitude
    42.3885
    CBSA code
    27060
    CBSA name
    ITHACA, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $27,000
    $273,000
    $300,000
    -
    $27,000
    $273,000
    $300,000

    Comparable in this City

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    • Value Estimation
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      2,800 SF

      1921 Elmira Rd

      AUTO REPAIR, GARAGE • 2,800 SF
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    • Value Estimation
      $265,000
      1,500 SF

      708 Trumbulls Cors Rd

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      708 Trumbulls Cors Rd, Newfield, NY 14867-9465
      View Details
    • Value Estimation
      $350,000
      6,300 SF

      1906 Elmira Rd

      VEHICLE SALES, RENTALS • 6,300 SF
      1906 Elmira Rd, Newfield, NY 14867-9400
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      1253 Danby Rd, undefined, NY 14867
      View Details
    • $553,500
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      30 acres of hardwoods in the Finger Lakes region.
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    undefined, NY 14867
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    Realmo Value Estimation

    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.

    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.

    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
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