Property profile

359 Elmira Rd Ithaca, NY 14850

OFF-MARKET
Hotels
Property ID
US63-3200199
56,574 SF 1.65 ac lot Built 2013
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 2013
Total area 56,574 SF
Lot 1.65 ac (71,874 SF)
Zoning code SW-2
APN 500700 129.-1-10.2
UPID US63-3200199

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
  • Parking Lot & Garage
  • Hotel & Motel
  • Museum

Location

359 Elmira Rd Ithaca, NY 14850-5103
Ithaca metro Census 1000 ITHACA, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$830k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.08M
Blend (final) Blend
$955k

Owner & transaction history

since 2018
2 recorded transactions
2018
$5.9M
2013
$7.7M

Zoning & alternative use

SW-2 · Ithaca, NY
Zoning description

The purpose of this zoning district is to provide one family detached dwelling, two family dwelling, multi family, church and related building, funeral home or mortuary, business or professional office, retail store or s…

General category INDUSTRIAL

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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