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    Property profile & analytics

    1140 State Route 222 Cortland, NY 13045

    • Investment properties
    • 1,344 SF
    • 0.50 lot acres
    For Sale
    View listing
    $179,900
    Value Estimation
    Location Intelligence
    Property ID
    US63-1160919
    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 1140 State Route 222

    Year built
    1950
    Lot size
    0.50 lot acres
    Property size
    1,344 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    112289 86.13-01-61.000
    APU
    11228986130161000

    Description

    This exceptional 1,344 square foot commercial property, situated on a half-acre lot at 1140 State Route 222 in Cortland, NY, presents a unique investment opportunity. Its prime corner location offers high visibility and easy access, adjacent to a thriving shopping center ensuring consistent foot traffic. Previously used as an auto repair shop, the building boasts two spacious service bays equipped with overhead doors, perfect for various uses. A comfortable waiting room caters to customers, while dedicated office space and two bathrooms provide essential amenities. Ample parking is available in the large, on-site lot, ensuring convenience for both employees and clients. A secure, fenced-in area offers additional storage or outdoor workspace. The property's versatility makes it suitable for a wide range of businesses, including but not limited to auto repair, drive-thru restaurants, beauty salons, retail stores, or creative ventures. This highly sought-after location offers endless possibilities for entrepreneurs seeking a thriving commercial space. The asking price is $179,900. Don't miss this chance to secure a property with exceptional potential in a bustling commercial area.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $270,000

    • CAP approach

      CAP return
      Estimation
      6%
      $275,000
      6.5%
      $255,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $270,000
      Geo Method
      $305,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $250,000
      Retail
      $315,000
      Mixed-Use
      $335,000
      Hospitality
      $285,000
      Educational
      $245,000
      Residential Income
      $310,000
      Energy
      $285,000
      Income-Based Land
      $285,000
      Food Service
      $325,000

    Location Insight

    • Map
    • Local Demand
    City
    Cortland
    County
    Cortland
    State
    New York
    Longitude
    -76.2001
    Latitude
    42.5991
    CBSA code
    18660
    CBSA name
    CORTLAND, NY MICROPOLITAN 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
    $2,443
    $50,000
    $58,600
    $108,600
    -
    $71,429
    $83,714
    $155,143

    Comparable in this City

    • Value Estimation by Request
      1,968 SF

      2000 State Rte 392

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    • Value Estimation
      $330,000
      2,480 SF

      1315 Riv Rd

      STORE/OFFICE (MIXED USE) • 2,480 SF
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    • Value Estimation
      $325,000
      6,560 SF

      1234 State Rte 392

      STORE/OFFICE (MIXED USE) • 6,560 SF
      1234 State Rte 392, Cortland, NY 13045-9404
      View Details
    • Value Estimation
      $345,000
      3,600 SF

      3947 Us Rte 11

      STORE/OFFICE (MIXED USE) • 3,600 SF
      3947 Us Rte 11, Cortland, NY 13045-9717
      View Details
    • Value Estimation
      $310,000
      8,600 SF

      4343 Us Rte 11

      STORE/OFFICE (MIXED USE) • 8,600 SF
      4343 Us Rte 11, Cortland, NY 13045
      View Details
    • Value Estimation
      $475,000
      32,988 SF

      64 Main St

      STORE/OFFICE (MIXED USE) • 32,988 SF
      64 Main St, Cortland, NY 13045-2652
      View Details

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    1140 State Route 222
    Cortland, NY 13045
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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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