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Property profile & analytics
OFF-MARKET
Commercial real estate
2981 Elmira Rd, Newfield, NY 14867
Entity Owned
1-yr Hold
Free & Clear
Property ID
US63-4150336
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1975
Total area
7,728 SF
Lot
42.49 ac (1,850,864 SF)
Zoning code
ROOF
APN
503400 30.-1-19.11
UPID
US63-4150336
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ad 1883 Barn LLC · 1 yrs held
Ad 1883 Barn LLC
since 2025
Last sale
$90,000
3 recorded transactions
Zoning & alternative use
ROOF · Newfield, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Newfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$188,000
Assessed 2023
Previous assessed
$188,000
+0.0% YoY
Assessed land
$69,000
Assessed improvement
$119,000
Land market value
$69,000
Improvement market value
$119,000
Total market value
$188,000
Applied tax rate
503,401.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1975
Heating
NONE
Buildings
1
Stories
2
Total area
7,728 SF
Lot
42.49 ac (1,850,864 SF)
Zoning code
ROOF
APN
503400 30.-1-19.11
UPID
US63-4150336
Jurisdiction
TOMPKINS
Zoning & alternative use
ROOF · Newfield, NY
Zoning ROOF · permitted uses
ROOF · Newfield, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Stories
2
Buildings
1
Lot
42.49 ac
Current owner
From public records · entity-resolved
Ad 1883 Barn LLC
Entity
Free & Clear · 1 yrs held
Mailing address
125 E PO BOX 980TH ST, EAST LANSING, MI 48826-0980
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2025
—
Ad 1883 Barn LLC
North Main Street 111 LLC
Quitclaim Deed
related
—
Jul 31, 2024
$90,000
Christopher Dempsey
County Of Tompkins
Quit Claim Arm's Length For Ne States
—
Jul 18, 2024
—
County Of Tompkins
Lisa Holmes
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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