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    Property profile & analytics

    2331 Slaterville Rd Ithaca, NY 14850

    • Bars
    • 5,000 SF
    • 22.88 lot acres
    For Sale
    View listing
    $1,097,000
    Value Estimation
    Location Intelligence
    Property ID
    US63-6076448
    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

    • Celebrations / Banquet Hall
    • Ithaca Marine / Marina / Boat Dealer

    Property Details for 2331 Slaterville Rd

    Year built
    1998
    Lot size
    22.88 lot acres
    Property size
    5,000 SF
    Property type
    Bars
    APN
    502000 9.-1-39.321
    APU
    5020009139321

    Description

    This exceptional commercial property, located at 2331 Slaterville Rd in Ithaca, NY, presents a unique investment opportunity. The property boasts a substantial 15,004 square feet of space, including a 7,000+ square foot indoor facility that's fully air-conditioned and handicap-accessible. This versatile space is ideal for a variety of uses, from hosting events to establishing a new business. Ample storage and garage space are also included, adding to the property's functionality. Situated on approximately 8 acres of land, the property offers extensive outdoor amenities. These include dedicated parking for 107 vehicles, a 1,600 square foot flagstone patio perfect for outdoor gatherings, a stone paver walkway leading to a picturesque gazebo, and a large covered flagstone patio. The property enjoys a prominent location on a high-traffic route into Ithaca, with a daily traffic count of 5,100 vehicles, ensuring high visibility and accessibility. This presents significant potential for growth and expansion. The property is priced at $1,190,000 and offers endless possibilities for innovative and expanding businesses in a desirable location within the Finger Lakes region. The combination of indoor and outdoor space, along with its convenient location, makes this a truly exceptional commercial property.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $305,000

    • CAP approach

      CAP return
      Estimation
      6%
      $365,000
      6.5%
      $305,000
      7%
      $315,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $360,000
      Geo Method
      $335,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $305,000
      Retail
      $335,000
      Mixed-Use
      $355,000
      Hospitality
      $310,000
      Educational
      $275,000
      Residential Income
      $265,000
      Energy
      $300,000
      Income-Based Land
      $270,000
      Food Service
      $325,000

    Location Insight

    • Map
    • Local Demand
    City
    Ithaca
    County
    Tompkins
    State
    New York
    Longitude
    -76.3806
    Latitude
    42.3931
    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
    $72,000
    $403,000
    $475,000
    -
    $72,000
    $403,000
    $475,000

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      View Details

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    2331 Slaterville Rd
    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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