Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    120 State St, Unit 22 Ithaca, NY 14850-5428

    • Investment properties
    • 13,204 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $340,000
    Location Intelligence
    Property ID
    US63-1288175
    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

    • Benjamin Peters / Tailor / Women'S Clothing Store
    • Miss Kitty’s Tattoo Parlor / Tattoo Shop
    • Ujeni Foundation / Foundation
    • House of Wellness / Acupuncture Clinic

    Property Details for 120 State St

    Year built
    1985
    Lot size
    0.15 lot acres
    Property size
    13,204 SF
    Zone code
    CBD-60
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    500700 70.-1-10
    APU
    50070070110

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $355,000

    • CAP approach

      CAP return
      Estimation
      6%
      $320,000
      6.5%
      $320,000
      7%
      $300,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $255,000
      Geo Method
      $260,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $340,000
      Retail
      $335,000
      Mixed-Use
      $290,000
      Hospitality
      $365,000
      Educational
      $345,000
      Residential Income
      $320,000
      Energy
      $365,000
      Income-Based Land
      $270,000
      Food Service
      $345,000

    Location Insight

    • Map
    • Local Demand
    City
    Ithaca
    County
    Tompkins
    State
    New York
    Longitude
    -76.4999
    Latitude
    42.4398
    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
    $125,000
    $525,000
    $650,000
    -
    $125,000
    $525,000
    $650,000

    Comparable in this City

    • Value Estimation by Request
      3,569 SF

      115 Aurora St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,569 SF
      115 Aurora St, Ithaca, NY 14850-4301
      View Details
    • Value Estimation by Request
      12,328 SF

      101 Aurora St, Unit 11

      OFFICE/RESIDENTIAL (MIXED USE) • 12,328 SF
      101 Aurora St, Ithaca, NY 14850-4301
      View Details
    • Value Estimation by Request
      9,000 SF

      414 Eddy St

      OFFICE/RESIDENTIAL (MIXED USE) • 9,000 SF
      414 Eddy St, Ithaca, NY 14850-4618
      View Details
    • Value Estimation
      $195,000
      1,190 SF

      408 Aurora St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,190 SF
      408 Aurora St, Ithaca, NY 14850-5704
      View Details
    • Value Estimation by Request
      2,220 SF

      401 State St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,220 SF
      401 State St, Ithaca, NY 14850-5219
      View Details
    • Value Estimation
      $315,000
      3,024 SF

      512 State St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,024 SF
      512 State St, Ithaca, NY 14850-5222
      View Details

    Similar Nearby for Sale

    • $795,000
      9,752 SF

      Downtown Ithaca Mixed-Use Opportunity

      Prime Ithaca location, 9,752 SF, redevelopment potential.
      420 State St, Ithaca, NY 14850
      View Details
    • $465,000
      3,108 SF

      Ithaca Mixed-Use Commercial Building

      Prime West End Location, 3108 SF, $465,000
      416 State St, Ithaca, NY 14850
      View Details
    • $529,000
      2,234 SF

      Ithaca Duplex in Fall Creek

      Desirable, updated duplex in Ithaca's Fall Creek neighborhood.
      445 N Tioga St, Ithaca, NY 14850
      View Details
    • $1,350,000
      6,400 SF

      Commercial Buildings in Ithaca, NY

      Two commercial buildings with redevelopment potential in Ithaca's Downtown Business District.
      105 E Clinton St, Ithaca, NY 14850
      View Details
    • $975,000
      3,474 SF

      Three Houses in Downtown Ithaca

      Three single-family homes near The Commons, ideal for multi-generational living.
      S Aurora St, Ithaca, NY 14850
      View Details
    • $3,495,000
      3,318 SF

      Ithaca Gas Station Investment Opportunity

      3,318 SF retail building on 1.15 acres for sale.
      600 Fulton St North, Ithaca, NY 14850
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      2,064 SF

      Ithaca Office Space For Lease

      Fall Creek, 2,064 sq ft, 15 parking
      920 Cayuga St, Ithaca, NY 14850
      View Details
    • $10 SF/Yr
      6,249 SF

      Ithaca Office Space for Lease

      Flexible workspace solutions in prime Ithaca location.
      125 State St, Ithaca, NY 14850
      View Details
    • $15 SF/Yr
      158,959 SF

      Community Shopping Center Retail Space

      Retail space in a community shopping center with ample parking.
      2255 Triphammer Rd North, Ithaca, NY 14850
      View Details
    • Contact for pricing
      4,900 SF

      Retail Space in Ithaca Plaza

      Retail space available in a busy Ithaca shopping center.
      722 S Meadow St, Ithaca, NY 14850
      View Details
    • $23 SF/Yr
      43,336 SF

      Harolds Square: Ithaca Office Space

      Prime Ithaca location, flexible office suites.
      125 State St, Ithaca, NY 14850
      View Details
    • $26 SF/Yr
      Pending

      Ithaca Office Space Available

      Office space for rent in Ithaca, New York.
      308 E Seneca St, Ithaca, NY 14850
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    120 State St, Unit 22
    Ithaca, NY 14850-5428
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.