Property profile

2310 Triphammer Rd Ithaca, NY 14850

OFF-MARKET
Motels
Property ID
US63-0335563
84,169 SF 4.84 ac lot Built 1994
Entity Owned 22-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is a commercial land parcel located as a front outparcel site in Ithaca, providing access via signalized entrances and a large on-site parking field. It is positioned in proximity to Ithaca College and Cornell University and is situated within the North Ithaca trade area that includes Cayuga Heights, Northeast Ithaca, and Lansing, with retail and restaurant activity concentrated along North Triphammer Road at the intersection of State Route 13 near the Shops at Ithaca. The parcel is suited to big-box type use with available spaces typically characterized by 16-foot clear height, large parking fields, and access to at-grade overhead doors and loading bays; the building areas are designed to be sub-divided for tenant-specific occupancy. The surrounding retail and employment environment includes major anchors at the Shops at Ithaca (including Target, Regal Cinemas, Best Buy, Planet Fitness, and Old Navy) and additional nearby retail such as Cayuga Mall and BJ’s Wholesale Club, along with area restaurants including Applebee’s and McDonald’s.

Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1994
Total area 84,169 SF
Lot 4.84 ac (210,830 SF)
APN 503201 47.1-1-20.2
UPID US63-0335563

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Business Management Consultant

Location

2310 Triphammer Rd Ithaca, NY 14850-1012
Ithaca metro Census 600 ITHACA, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$750k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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