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Property profile & analytics
FOR SALE
Strip malls
903 Hanshaw Rd, Ithaca, NY 14850
Individually Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-0408927
For Sale
1 / 15
$175,000
903 Hanshaw Rd, Ithaca, NY 14850
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Total area
13,869 SF
Lot
5.71 ac (248,728 SF)
APN
503001 10.-4-1.2
UPID
US63-0408927
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
-
Hart & Welsh DDS Dental Office
-
Corners Gallery Picture Frame Shop Art Gallery
-
Collegetown Dental Associates in Community Corners Dental Office
-
Skin Studio Ithaca Spa & Massage Center Alternative Medicine Practice
-
Strayhorn Joseph Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
109 S Quarry Stithaca · 12 yrs held
109 S Quarry Stithaca
since 2014
4 recorded transactions
Zoning & alternative use
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 Ithaca submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ithaca 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Assessed value
$3,450,000
Assessed 2023
Previous assessed
$3,450,000
+0.0% YoY
Assessed land
$1,000,000
Assessed improvement
$2,450,000
Land market value
$1,000,000
Improvement market value
$2,450,000
Total market value
$3,450,000
Applied tax rate
500,700.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
1985
Heating
NONE
Buildings
5
Stories
2
Total area
13,869 SF
Lot
5.71 ac (248,728 SF)
APN
503001 10.-4-1.2
UPID
US63-0408927
Jurisdiction
TOMPKINS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Stories
2
Buildings
5
Lot
5.71 ac
Current owner
From public records · entity-resolved
109 S Quarry Stithaca
Individual
Free & Clear · 12 yrs held
Mailing address
801 W BUFFALO ST, ITHACA, NY 14850-3341
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2014
—
109 S Quarry Stithaca
Corners Community Ctr INC
Grant Deed
related
—
Aug 5, 2011
—
Cayuga Hts Village
Corners Cmnty Ctr
Grant Deed
related
—
Feb 26, 2010
—
Corners Cmnty Ctr
109 S Quarry St
Grant Deed
related
—
Dec 16, 2008
$100,000
109 S Quarry St Of Ithaca LLC
Center INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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