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Financial
Distress signals
Property profile

615 Five Mile Dr Ithaca, NY 14850

FOR SALE
Other warehouses
Property ID
US63-2425164
3,650 SF 0.44 ac lot Built 1975
Last sale Mar 2015 · $315,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 2.00-acre commercial site with three separate buildings totaling 8,374 square feet: a 1,524-square-foot office building and two additional structures—a 3,650-square-foot clear-span metal-frame warehouse and a 3,200-square-foot heated garage/office building. The office building includes two reception areas, three private offices, a break room, storage, and two bathrooms. The warehouse has an open metal-frame interior. The heated garage/office building features three overhead…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2019

What does the county charge?
$5k
Tax billed · 2019
Assessed value · 2023$450k
Assessed land$48k
Assessed improvement$402k
Effective rate1.17%

Value estimate

· Oct 2026
$230k
$207k – $253k
AI approach$230k
NOI build-up
Gross scheduled income$79k
Vacancy & credit loss−$5k
Operating expenses−$22k
NOI · 12.19% cap applied$52k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
12.19%
$52k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionTOMPKINS

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency14.2
Law Firm11.0
HVAC Service10.7

Location

615 Five Mile Dr Ithaca, NY 14850
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
706 Grn, Ithaca, NY 14850-3333 $2,540,000 Mar 2024 3,420 SF
712 Grn, Ithaca, NY 14850-3333 $2,540,000 Mar 2024 4,180 SF
229 Cherry, Ithaca, NY 14850-5024 $385,000 Nov 2020 4,650 SF
1730 Mecklenburg, Ithaca, NY 14850-9273 $325,000 Feb 2020 4,100 SF
1395 Danby, Ithaca, NY 14850-9408 $4,300,000 Jan 2020 4,000 SF
53 Pinckney, Ithaca, NY 14850-8728 $400,000 Oct 2018 4,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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