Technical
Financial
Distress signals
Property profile

408 State St 10 Ithaca, NY 14850

OFF-MARKET
Hotels
Property ID
US63-1140312
7,810 SF 0.55 ac lot Built 1965
Entity Owned 16-yr Hold Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1965
Total area 7,810 SF
Lot 0.55 ac (23,750 SF)
Zoning code B-4
APN 500700 69.-2-19
UPID US63-1140312

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
  • Medical Clinic
  • Psychotherapist
  • Midwife
  • Counselor
  • Architect Custom Home Builder

Location

408 State St, Unit 10 Ithaca, NY 14850-4410
Ithaca metro Census 100 ITHACA, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2009
1 recorded transaction
2009
$350,000

Zoning & alternative use

B-4 · 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 COMMERCIAL

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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