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    Property profile & analytics

    2303 Mecklenburg Rd Ithaca, NY 14850

    • Bars
    • 6,250 SF
    • 1.63 lot acres
    For Sale
    View listing
    $295,000
    Value Estimation
    Last Sale
    Apr 22, 2025
    $280,000
    Location Intelligence
    Property ID
    US63-0430018
    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 2303 Mecklenburg Rd

    Year built
    1976
    Lot size
    1.63 lot acres
    Property size
    6,250 SF
    Property type
    Bars
    APN
    502600 7.-3-2
    APU
    502600732

    Description

    This exceptional commercial property, located at 2303 Mecklenburg Road in Ithaca, New York, presents a significant opportunity for investors and business owners alike. Boasting a substantial 6,250 square feet of space, this general commercial building sits on a generous 1.63-acre lot, offering ample room for expansion, outdoor activities, or additional development. The property's strategic location in Ithaca provides excellent visibility and accessibility, making it ideal for a wide range of commercial uses. The asking price of $295,000 represents a compelling value for a property of this size and potential in a thriving market. The building's interior layout is adaptable and can be customized to suit various business needs. The expansive lot offers significant parking possibilities, a crucial asset for any commercial enterprise. Given its size and location, this property is well-suited for a variety of businesses, from retail and office spaces to light industrial uses. Serious inquiries are encouraged to explore the possibilities this property offers. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. Don't miss this chance to acquire a prime commercial property in a desirable location. Further details and viewing arrangements can be made upon request.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $265,000
      6.5%
      $305,000
      7%
      $275,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $280,000
      Geo Method
      $275,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $250,000
      Retail
      $280,000
      Mixed-Use
      $280,000
      Hospitality
      $245,000
      Educational
      $290,000
      Residential Income
      $220,000
      Energy
      $285,000
      Income-Based Land
      $280,000
      Food Service
      $280,000

    Location Insight

    • Map
    • Local Demand
    City
    Ithaca
    County
    Tompkins
    State
    New York
    Longitude
    -76.6504
    Latitude
    42.4499
    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
    $25,000
    $225,000
    $250,000
    -
    $25,000
    $225,000
    $250,000

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    Ithaca, NY 14850
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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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