Back to Search
Property profile & analytics
FOR SALE
Manufacturing properties
20 Bomax Dr Ithaca, NY 14850
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-5701790
For Sale
1 / 48
$6,450,000
20 Bomax Dr, Ithaca, NY 14850
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1998
Total area
73,825 SF
Lot
7.54 ac (328,442 SF)
APN
503201 45.1-1-51.13
UPID
US63-5701790
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
Current use
Occupant on record · Public records
-
TransAct Technologies Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.96M
CAP Approach
CAP
$7.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.64M
Owner & transaction history
Bomax Holdings LLC · 4 yrs held
Bomax Holdings LLC
since 2022
Last sale
$5.6M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.6M
+283.5%
Commercial (general)
$7.0M
+210.8%
Auto repair, garage
$6.3M
+179.8%
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 Ithaca submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ithaca 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
Method
Estimation
Statistic approach
$7,735,000
ML approach
$4,960,000
CAP Approach
CAP Return
Estimation
6%
$7,610,000
6.5%
$7,025,000
7%
$6,525,000
Alternative Use
Use
Estimation
RESTAURANT
$8,580,000
Change: +283% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,955,000
Change: +211% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,260,000
Change: +180% · Conversion: Easy
OFFICE BUILDING
$5,055,000
Change: +126% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,775,000
Change: +69% · Conversion: Easy
Blend value · Realmo final
$5.64M
Range $5.08M – $6.20M · ±10% · vs last sale $5.60M (Mar 10 2022)
Last sale anchor
$5.60M
Mar 10 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$76 / SF
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 2019Property tax & assessments
Tax year 2019
Tax billed
$39,795
Tax year 2019
Assessed value
$5,500,000
Assessed 2023
Previous assessed
$4,300,000
+27.9% YoY
Effective rate
0.72%
On assessed value
Assessed land
$754,000
Assessed improvement
$4,746,000
Land market value
$754,000
Improvement market value
$4,746,000
Total market value
$5,500,000
Applied tax rate
500,700.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1998
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
73,825 SF
Lot
7.54 ac (328,442 SF)
APN
503201 45.1-1-51.13
UPID
US63-5701790
Jurisdiction
TOMPKINS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$8.6M
COMMERCIAL (GENERAL)
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$6.3M
OFFICE BUILDING
Est. value
$5.1M
WAREHOUSE, STORAGE
Est. value
$3.8M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
7.54 ac
Current owner
From public records · entity-resolved
Bomax Holdings LLC
Entity
Mailing address
3 E EVERGREEN RD UNIT 101UNIT101, NEW CITY, NY 10956-5145
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2022
$5,600,000
Bomax Holdings LLC
Bomax Properties LLC
Warranty Deed
$4,480,000 · Berkshire Bank
Sep 11, 2015
—
Bomax Properties LLC
Tompkins Cnty Industri Al Dev
Grant Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
