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    Property profile & analytics

    371 Elmira Rd Ithaca, NY 14850-5103

    • Hotels
    • 11,769 SF
    • 1.44 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US63-1154923
    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

    • Holiday Inn Express & Suites Ithaca, an IHG Hotel / Hotel / Conference Center

    Property Details for 371 Elmira Rd

    Year built
    2016
    Lot size
    1.44 lot acres
    Property size
    11,769 SF
    Zone code
    SW-2
    Property type
    Hotels
    APN
    500700 128.-2-7.1
    APU
    500700128271

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ithaca
    County
    Tompkins
    State
    New York
    Longitude
    -76.5174
    Latitude
    42.421
    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
    $600,000
    $4,290,000
    $4,890,000
    -
    $600,000
    $4,290,000
    $4,890,000

    Comparable in this City

    • Value Estimation
      $4,515,000
      5,170 SF

      1150-1154 Danby Rd

      HOTEL • 5,170 SF
      1150-1154 Danby Rd, Ithaca, NY 14850
      View Details
    • Value Estimation by Request
      56,574 SF

      359 Elmira Rd

      HOTEL • 56,574 SF
      359 Elmira Rd, Ithaca, NY 14850-5103
      View Details
    • Value Estimation by Request
      7,810 SF

      408 State St, Unit 10

      HOTEL • 7,810 SF
      408 State St, Ithaca, NY 14850-4410
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    • Value Estimation by Request
      74,475 SF

      115 Seneca Way

      HOTEL • 74,475 SF
      115 Seneca Way, Ithaca, NY 14850
      View Details
    • Value Estimation by Request
      67,180 SF

      29 Thornwood Dr

      HOTEL • 67,180 SF
      29 Thornwood Dr, Ithaca, NY 14850-1264
      View Details
    • Value Estimation by Request
      185,997 SF

      130 Seneca St

      HOTEL • 185,997 SF
      130 Seneca St, Ithaca, NY 14850-4356
      View Details

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    Property Visit Statistics

    • Visits by month
      59.8k
    • Visitors by month
      30.3k
    • Avg Time on site
      15 min
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    Ithaca, NY 14850-5103
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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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