Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Quarry Rd Ithaca, NY 14850
    Property profile & analytics

    Quarry Rd Ithaca, NY 14850

    View on Map
    • Mining land & claims
    • 23.04 lot acres
    For Sale
    $499,000
    View Listing →
    Ithaca Land Near Cornell For Sale
    $499,000
    23.43 Acres

    Ithaca Land Near Cornell

    23+ acres near Cornell, ideal for dream home or development.

    Quarry Road, Ithaca, NY 14850
    View Listing
    Property ID
    US63-5208740
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mining land & claims

    Property Details for Quarry Rd

    Lot size
    23.04 lot acres
    Property type
    Mining land & claims
    APN
    502489 67.-1-63.15
    APU
    5024896716315

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ithaca
    County
    Tompkins
    State
    New York
    Longitude
    -76.4314
    Latitude
    42.4271
    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
    2019
    $1,972
    $184,000
    $0.00
    $184,000
    -
    $184,000
    $0.00
    $184,000

    Comparable in this City

    • Value Estimation by Request
      20.11 Acres

      30 Pinckney Rd

      MINING, MINERAL, QUARRIES • 2,800 SF
      30 Pinckney Rd, Ithaca, NY 14850-8729
      View Details
    • Value Estimation by Request
      14.12 Acres

      33 Quarry Rd

      MINING, MINERAL, QUARRIES • 1,025 SF
      33 Quarry Rd, Ithaca, NY 14850-8726
      View Details
    • Value Estimation by Request
      16.31 Acres

      Enfield Fls Rd

      MINING, MINERAL, QUARRIES • 16.31 Acres
      Enfield Fls Rd, Ithaca, NY 14850
      View Details
    • Value Estimation by Request
      2.23 Acres

      Comfort Rd

      INDUSTRIAL - VACANT LAND • 2.23 Acres
      Comfort Rd, Ithaca, NY 14850
      View Details
    • Value Estimation by Request
      54.96 Acres

      Sapsucker Woods Rd

      INDUSTRIAL - VACANT LAND • 54.96 Acres
      Sapsucker Woods Rd, Ithaca, NY 14850
      View Details
    • Value Estimation by Request
      11.67 Acres

      Warren Rd

      INDUSTRIAL - VACANT LAND • 11.67 Acres
      Warren Rd, Ithaca, NY 14850
      View Details

    Similar Nearby for Sale

    • $160,000
      0.97 Acres

      Ithaca Building Lot Near Cornell

      One-acre building lot in Cayuga Way subdivision, minutes from Ithaca.
      84 Rose Ann Dr, Ithaca, NY 14850
      View Details
    • $160,000
      0.88 Acres

      Ithaca Building Lot Near Cornell

      One-acre building lot in Cayuga Way subdivision, minutes from Ithaca.
      68 Rose Ann Dr, Ithaca, NY 14850
      View Details
    • $295,000
      5.11 Acres

      Ithaca Land Parcel Opportunity

      5.11-acre land parcel near Bolton Point Overlook.
      Blackchin Blvd, Ithaca, NY 14850
      View Details
    • $224,900
      0.85 Acres

      Ithaca Land with Lake Views

      0.85-acre lot with lake views near Cornell University.
      Placid Ter, Ithaca, NY 14850
      View Details
    • $170,000
      1.13 Acres

      Residential Lot Near Ithaca

      One-acre building lot in Cayuga Way subdivision, minutes from Ithaca.
      10 David Ct, Lansing, NY 14850
      View Details
    • $160,000
      1.02 Acres

      Ithaca Building Lot Near Cornell

      One-acre building lot in Cayuga Way subdivision, minutes from Ithaca.
      97 Rose Ann Dr, Ithaca, NY 14850
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Outparcel Opportunity

      Front outparcel with large parking, easy access near universities.
      2310 N Triphammer Rd, Ithaca, NY 14850
      View Details
    • Contact for pricing

      Prime Retail Outparcel Opportunity

      Retail spaces with ample parking and easy access available for lease.
      2 Stone Creek Dr, Ithaca, NY 14850
      View Details
    • $24 SF/Yr

      Retail Storefront in Pedestrian Mall

      Retail storefront available for rent in a high-traffic pedestrian mall.
      208 E State St, Ithaca, NY 14850
      View Details
    • Contact for pricing

      Versatile Workspace Solutions Available

      Flexible office spaces, coworking, meeting rooms, and virtual office options.
      125 E State St, Ithaca, NY 14850
      View Details
    • Contact for pricing
      1,320 SF

      Retail Space in Ithaca Plaza

      Retail space available in a busy Ithaca shopping center.
      722 S Meadow St, Ithaca, NY 14850
      View Details
    • Contact for pricing

      Restaurant Space on Ithaca Commons

      Restaurant space with dedicated entrance and equipped kitchen.
      125 East State St, Ithaca, NY 14850
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Quarry Rd
    Ithaca, NY 14850
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Quarry Rd, Ithaca, NY, 14850
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!