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    Property profile & analytics

    1280 State Rte 51 Ilion, NY 13357-3805

    • Bars
    • 2,257 SF
    • 6.00 lot acres
    OFF-MARKET
    Value Estimation
    $280,000
    Last Sale
    Dec 22, 2021
    Location Intelligence
    Property ID
    US63-2785975
    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

    • Bars

    Property Details for 1280 State Rte 51

    Year built
    1960
    Lot size
    6.00 lot acres
    Property size
    2,257 SF
    Zone code
    12000
    Property type
    Bars
    Property subtype
    Pubs
    APN
    213200 125.3-2-28
    APU
    2132001253228

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ilion
    County
    Herkimer
    State
    New York
    Longitude
    -75.1131
    Latitude
    42.9458
    CBSA code
    46540
    CBSA name
    UTICA-ROME, 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
    2020
    $2,834
    $15,800
    $89,200
    $105,000
    -
    $25,484
    $143,871
    $169,355

    Comparable in this City

    • Value Estimation by Request
      4,320 SF

      119-123 Clark St

      BAR, TAVERN • 4,320 SF
      119-123 Clark St, Ilion, NY 13357
      View Details
    • Value Estimation
      $195,000
      5,184 SF

      51 State St

      BAR, TAVERN • 5,184 SF
      51 State St, Ilion, NY 13357-1807
      View Details
    • Value Estimation
      $295,000
      3,776 SF

      108-112 Main St

      RESTAURANT • 3,776 SF
      108-112 Main St, Ilion, NY 13357
      View Details
    • Value Estimation
      $315,000
      3,060 SF

      88 Main St, Unit 94

      RESTAURANT • 3,060 SF
      88 Main St, Ilion, NY 13357-1718
      View Details
    • Value Estimation
      $195,000
      1,583 SF

      18 Clark St

      RESTAURANT • 1,583 SF
      18 Clark St, Ilion, NY 13357-1102
      View Details
    • Value Estimation
      $235,000
      8,910 SF

      302 Barringer Rd

      RESTAURANT • 8,910 SF
      302 Barringer Rd, Ilion, NY 13357-4308
      View Details

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    Ilion, NY 13357-3805
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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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