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    Property profile & analytics

    1123 Old State Rte 31 Memphis, NY 13112-9749

    • Investment properties
    • 2,430 SF
    • 0.94 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US63-6277932
    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

    • Investment properties

    Property Details for 1123 Old State Rte 31

    Year built
    1940
    Lot size
    0.94 lot acres
    Property size
    2,430 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    312889 024.-02-07.1
    APU
    31288902402071

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Onondaga
    State
    New York
    Longitude
    -76.4233
    Latitude
    43.097
    CBSA code
    45060
    CBSA name
    SYRACUSE, 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
    $11,500
    $48,500
    $60,000
    -
    $14,198
    $59,876
    $74,074

    Comparable in this City

    • Value Estimation
      $270,000
      1,781 SF

      1749 State Rte 173

      STORE/OFFICE (MIXED USE) • 1,781 SF
      1749 State Rte 173, Memphis, NY 13112-9998
      View Details
    • Value Estimation by Request
      1,840 SF

      6773 Plainville Rd

      STORE/OFFICE (MIXED USE) • 1,840 SF
      6773 Plainville Rd, Memphis, NY 13112-9723
      View Details
    • Value Estimation by Request
      1,054 SF

      6735 Bennetts Cors Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,054 SF
      6735 Bennetts Cors Rd, Memphis, NY 13112
      View Details
    • Value Estimation by Request
      1,800 SF

      6791 Guyder Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,800 SF
      6791 Guyder Rd, Memphis, NY 13112-8710
      View Details
    • Value Estimation by Request
      1.47 Acres

      Thruway Conrail Betw

      INDUSTRIAL - VACANT LAND • 1.47 Acres
      Thruway Conrail Betw, Memphis, NY 13112
      View Details
    • Value Estimation by Request
      0.70 Acres

      1484 State Rte 31

      VACANT COMMERCIAL LAND • 0.70 Acres
      1484 State Rte 31, Memphis, NY 13112
      View Details
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    1123 Old State Rte 31
    Memphis, NY 13112-9749
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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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