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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Investment properties
555 Rdg Rd Lansing, NY 14882-8803
Entity Owned
Free & Clear
Property ID
US63-2660745
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2001
Total area
4,381 SF
Lot
7.88 ac (343,253 SF)
Zoning code
R2
APN
503289 26.-4-7.232
UPID
US63-2660745
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cayuga Lake Inn - Ithaca Hotel Alt Bed & Breakfast Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$691k
Blend (final)
Blend
$695k
Owner & transaction history
555 Ridge Road LLC
555 Ridge Road LLC
since 2026
Last sale
$700,000
5 recorded transactions
Zoning & alternative use
R2 · Lansing, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lansing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lansing submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$695,000
Current use
OFFICE BUILDING
$650,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $700k (Jul 23 2025)
Last sale anchor
$700k
Jul 23 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$159 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$5,842
Tax year 2019
Assessed value
$772,000
Assessed 2023
Previous assessed
$735,000
+5.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$177,000
Assessed improvement
$595,000
Land market value
$177,000
Improvement market value
$595,000
Total market value
$772,000
Applied tax rate
503,201.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2001
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Bathrooms
5
Total area
4,381 SF
Lot
7.88 ac (343,253 SF)
Zoning code
R2
APN
503289 26.-4-7.232
UPID
US63-2660745
Jurisdiction
TOMPKINS
Zoning & alternative use
R2 · Lansing, NYZoning R2 · permitted uses
R2 · Lansing, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$695,000
OFFICE BUILDING
Est. value
$650,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
HOT WATER
Cooling
Yes
Stories
1
Bathrooms
5
Lot
7.88 ac
Current owner
From public records · entity-resolved
555 Ridge Road LLC
Entity
Free & Clear · 0 yrs held
Mailing address
559 RDG RD, LANSING, NY 14882-8803
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2026
—
555 Ridge Road LLC
H Lunt Nuttle Lt
Quitclaim Deed
related
—
Oct 23, 2025
$700,000
H Lunt Nuttle Lt
Diane Rutherford Ret
Deed
—
Jun 23, 2025
$800,000
Karia Rusina
Diane Rutherford Ret
Deed
—
Jul 10, 2024
—
Diane Rutherford Ret
Diane Rutherford
Warranty Deed
—
Jul 9, 2013
$550,000
Diane Rutherford
Abott,bruce
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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