Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

23 Cinema Dr Lansing, NY 14850

FOR SALE
Strip malls
Property ID
US63-1152303
12,993 SF 3.2 ac lot Built 1985
Last sale Aug 2016 · $1,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

A 10,368-square-foot flex space located at 23 Cinema Drive in an established commercial area of Ithaca, New York. The building offers an open, clear-span interior with high ceilings and includes a loading dock; the space is configured with flexibility for uses such as warehouse, storage, distribution, light manufacturing, retail showroom, church, community, and service-oriented activities. The property includes on-site parking for employees and visitors. Built in 1985 and zoned COM 1…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2019

What does the county charge?
$12k
Tax billed · 2019
Assessed value · 2023$1.13M
Assessed land$700k
Assessed improvement$430k
Effective rate1.03%

Value estimate

· Oct 2026
$350k
$315k – $385k
AI approach$430k
NOI build-up
Gross scheduled income$98k
Vacancy & credit loss−$7k
Operating expenses−$27k
NOI · 712,488.89% cap applied$64k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
712,488.89%
$64k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionTOMPKINS

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand index
Building Supply11.2
Parking Facility10.4
Law Firm10.0

Location

23 Cinema Dr Lansing, NY 14850
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 15 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2255 Triphammer, Ithaca, NY 14850-1576 $11,980,000 Jun 2025 158,959 SF
710 Mdw, Ithaca, NY 14850-5361 $24,250,000 Oct 2024 113,101 SF
614 Mdw, Ithaca, NY 14850-5381 $2,200,000 May 2022 58,296 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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?”
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
Why this one?
Saved
Reason not saved — we won't ask again