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    Property profile & analytics

    40-42 1st St Ilion, NY 13357

    • Retail space
    • 13,455 SF
    • 1.30 lot acres
    OFF-MARKET
    Value Estimation
    $625,000
    Location Intelligence
    Property ID
    US63-3935166
    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

    • Retail space

    Property Details for 40-42 1st St

    Year built
    2006
    Lot size
    1.30 lot acres
    Property size
    13,455 SF
    Property type
    Retail space
    APN
    212801 119.44-4-20.2
    APU
    212801119444202

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ilion
    County
    Herkimer
    State
    New York
    Longitude
    -75.0367
    Latitude
    43.0146
    CBSA code
    46540
    CBSA name
    UTICA-ROME, 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
    2020
    $56,805
    $275,000
    $642,000
    $917,000
    -
    $500,000
    $1,167,273
    $1,667,273

    Comparable in this City

    • Value Estimation by Request
      14,599 SF

      4 Morgan St

      Individual retail properties • 14,599 SF
      4 Morgan St, Ilion, NY 13357
      View Details
    • Value Estimation by Request
      13,813 SF

      4 Central Plz

      RETAIL STORES (PERSONAL SERVICES) • 13,813 SF
      4 Central Plz, Ilion, NY 13357-1701
      View Details
    • Value Estimation by Request
      5,784 SF

      68 Otsego St

      RETAIL STORES (PERSONAL SERVICES) • 5,784 SF
      68 Otsego St, Ilion, NY 13357-1819
      View Details
    • Value Estimation
      $525,000
      11,200 SF

      150 Central Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,200 SF
      150 Central Ave, Ilion, NY 13357-1206
      View Details
    • Value Estimation
      $230,000
      5,200 SF

      2769 State Rte 51

      SHOW ROOM, WAREHOUSE • 5,200 SF
      2769 State Rte 51, Ilion, NY 13357-4233
      View Details
    • Value Estimation by Request
      22,152 SF

      166 Central Ave

      GROCERY, SUPERMARKET • 22,152 SF
      166 Central Ave, Ilion, NY 13357-1206
      View Details

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      Retail Property in Central Plaza

      Retail property available for sale in Ilion, New York.
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    • $380,000
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    40-42 1st St
    Ilion, NY 13357
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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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