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Property profile & analytics
OFF-MARKET
Commercial land
118 Old Ithaca Rd, Horseheads, NY 14845-1769
Entity Owned
5-yr Hold
Free & Clear
Property ID
US63-0308847
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1920
Total area
4,478 SF
Lot
1.48 ac (64,469 SF)
Zoning code
TH04
APN
073489 49.03-2-37.1
UPID
US63-0308847
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
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
110-118 Old Ithaca Rd LLC · 5 yrs held
110-118 Old Ithaca Rd LLC
since 2021
Last sale
$325,000
5 recorded transactions
Zoning & alternative use
TH04 · Horseheads, 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 Horseheads submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Horseheads 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
Assessed value
$132,200
Assessed 2023
Previous assessed
$132,200
+0.0% YoY
Assessed land
$132,200
Land market value
$133,535
Total market value
$133,535
Applied tax rate
73,401.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1920
Heating
NONE
Stories
1
Total area
4,478 SF
Lot
1.48 ac (64,469 SF)
Zoning code
TH04
APN
073489 49.03-2-37.1
UPID
US63-0308847
Jurisdiction
CHEMUNG
Zoning & alternative use
TH04 · Horseheads, NY
Zoning TH04 · permitted uses
TH04 · Horseheads, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Horseheads. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Stories
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
110-118 Old Ithaca Rd LLC
Entity
Free & Clear · 5 yrs held
Mailing address
851 STATE RTE 13, HORSEHEADS, NY 14845-7297
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2021
$325,000
110-118 Old Ithaca Rd LLC
110 Old Ithaca Road LLC
Warranty Deed
—
Apr 8, 2020
—
Chemung County Of
118 Old Ithaca Road LLC
Quit Claim Deed
related
—
Nov 26, 2019
—
Chemung County Of
Daniel W Mccracken
Quitclaim Deed
related
—
Nov 26, 2019
$2,400
County Of Chemung
Daniel W Mccracken
Deed
related
—
Dec 30, 2008
—
118 Old Ithaca Road, LLC
Randell Hansen
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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