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    Property profile & analytics

    511 Cayuga St, Unit 13 Ithaca, NY 14850-3670

    • Investment properties
    • 8,432 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimation
    $310,000
    Last Sale
    Dec 19, 2022
    $290,000
    Location Intelligence
    Property ID
    US63-2392380
    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

    • Investment properties

    Property Details for 511 Cayuga St

    Year built
    1980
    Lot size
    0.27 lot acres
    Property size
    8,432 SF
    Zone code
    B-2A
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    500700 46.-1-17
    APU
    50070046117

    Description

    This exceptional 8,432-square-foot mixed-use property, located at 511 N Cayuga St in Ithaca, NY, presents a unique investment opportunity. Situated on a 0.27-acre lot in the heart of downtown Ithaca, the building currently generates substantial income from a thriving ground-floor pharmacy and four occupied one-bedroom apartments. The eleven-car parking lot adds significant value. The property's B-2a zoning allows for considerable flexibility, enabling redevelopment into a variety of uses, including additional apartments, a hotel, a daycare center, or a mixed-use development up to four stories high. This prime location benefits from Ithaca's vibrant urban core, known for its diverse culinary scene, retail options, cultural attractions, and proximity to Cornell University and Ithaca College, ensuring a consistent stream of residents, tourists, and students. The existing commercial and residential tenants provide immediate cash flow, making this an ideal asset for investors and developers seeking to capitalize on the growth of Upstate New York's dynamic Ithaca market. The substantial size and versatile zoning offer significant upside potential for future development and increased profitability. This is a rare chance to acquire a well-established, income-producing property with substantial redevelopment possibilities in a thriving college town.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $390,000
      6.5%
      $370,000
      7%
      $395,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $385,000
      Geo Method
      $355,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $305,000
      Retail
      $405,000
      Mixed-Use
      $390,000
      Hospitality
      $420,000
      Educational
      $355,000
      Residential Income
      $405,000
      Energy
      $325,000
      Income-Based Land
      $380,000
      Food Service
      $375,000

    Location Insight

    • Map
    • Local Demand
    City
    Ithaca
    County
    Tompkins
    State
    New York
    Longitude
    -76.4989
    Latitude
    42.4455
    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
    2020
    $2,414
    $125,000
    $775,000
    $900,000
    -
    $125,000
    $775,000
    $900,000

    Comparable in this City

    • Value Estimation
      $495,000
      3,132 SF

      417 Cayuga St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,132 SF
      417 Cayuga St, Ithaca, NY 14850-4218
      View Details
    • Value Estimation
      $270,000
      1,664 SF

      429 Bostwick Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,664 SF
      429 Bostwick Rd, Ithaca, NY 14850-9352
      View Details
    • Value Estimation
      $290,000
      2,209 SF

      211 Geneva St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,209 SF
      211 Geneva St, Ithaca, NY 14850-4135
      View Details
    • Value Estimation by Request
      8,250 SF

      102 State St

      OFFICE/RESIDENTIAL (MIXED USE) • 8,250 SF
      102 State St, Ithaca, NY 14850-5581
      View Details
    • Value Estimation
      $315,000
      2,692 SF

      108 Albany St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,692 SF
      108 Albany St, Ithaca, NY 14850-5446
      View Details
    • Value Estimation
      $315,000
      5,751 SF

      209 Aurora St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,751 SF
      209 Aurora St, Ithaca, NY 14850-4303
      View Details

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    511 Cayuga St, Unit 13
    Ithaca, NY 14850-3670
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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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