Realmo Analytics
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For Sale
Property summary
This exceptional investment opportunity is located in the heart of Ithaca's Collegetown, just blocks from Cornell University's campus. The property, situated on a 0.19-acre lot, offers a fully entitled and shovel-ready development project. Plans are in place for a five-story building totaling 21,717 square feet. This multi-unit development will feature 35 individual units, each with its own bedroom, providing a significant rental income potential. The property's prime location within… Collegetown ensures high occupancy rates and strong rental demand, making it an attractive investment for those seeking to capitalize on the vibrant student and faculty population. The project's fully entitled status eliminates lengthy permitting processes, allowing for a swift commencement of construction. This turnkey development opportunity presents a rare chance to acquire a high-yield investment property in a highly sought-after location. The existing entitlements and shovel-ready status significantly reduce development risk and accelerate the path to profitability. This is an exceptional opportunity for investors seeking a high-return, low-risk investment in a thriving college town market. The 35-unit configuration is designed to maximize rental income and provide a strong return on investment. The property's size and location make it ideal for a variety of development scenarios, offering flexibility and potential for future expansion or adaptation.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
Value estimate
· Oct 2026Realmo valuation models over county records and 7 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 12 properties nearbyComparable nearby
Similar in This City for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 4,104 SF
- Lot area
- 0.19 ac
- Year built
- 1985
- Stories
- 1
- APN
- 500700 64.-2-19
- Zoning
- R-3A
- Assessed value · 2023
- $1,200,000
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The purpose of this zoning district is to provide one family detached dwelling, two family dwelling, multi family, church and related building.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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