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Property profile & analytics
OFF-MARKET
Investment properties
1013 State St Ithaca, NY 14850-3315
Individually Owned
5-yr Hold
Free & Clear
Property ID
US63-1614490
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1985
Total area
5,094 SF
Lot
0.24 ac (10,454 SF)
Zoning code
WF-1D
APN
500700 58.-1-2
UPID
US63-1614490
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
ipei High School Vocational School
-
Running to Places Child Welfare Organization Charitable Organization
-
Friendship Donations Network Corporate Office
-
Just Be Cause Not-For-Profit Development Center Business Service Center Corporate Office
-
Wood's Earth High School Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Andrew Horbal · 5 yrs held
Andrew Horbal
since 2021
Last sale
$220,000
3 recorded transactions
Zoning & alternative use
WF-1D · Ithaca, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ithaca submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ithaca submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$245
Tax year 2020
Assessed value
$340,000
Assessed 2023
Previous assessed
$340,000
+0.0% YoY
Effective rate
0.07%
On assessed value
Assessed land
$90,000
Assessed improvement
$250,000
Land market value
$90,000
Improvement market value
$250,000
Total market value
$340,000
Applied tax rate
500,700.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1985
Heating
NONE
Buildings
1
Stories
1
Total area
5,094 SF
Lot
0.24 ac (10,454 SF)
Zoning code
WF-1D
APN
500700 58.-1-2
UPID
US63-1614490
Jurisdiction
TOMPKINS
Zoning & alternative use
WF-1D · Ithaca, NY
Zoning WF-1D · permitted uses
WF-1D · Ithaca, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ithaca. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Stories
1
Buildings
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Andrew Horbal
Individual
Free & Clear · 5 yrs held
Mailing address
407 W SENECA ST, ITHACA, NY 14850-4031
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2021
$220,000
Andrew Horbal
Jeremy S Dietz
Warranty Deed
—
Sep 27, 2013
—
Jeremy S Dietz
Dietz,jeremy S
Quit Claim Deed
related
—
Mar 27, 2013
$399,000
Jeremy S Dietz
Myers,beverly J
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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