421 StateIthaca, NY 14850

  • Specialty properties
  • 10,950 SF
Off market
$700,000 Estimated

Property Details for 421 State

Year built
1955
Lot size
0.32 AC
Property size (Sq ft)
10,950 SF
Zone code
B-2C
Property type
Specialty properties
APN
500700 71.-6-6
APU
5007007166

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,004,010
    6.5%
    $1,849,850
    7%
    $1,717,720
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,000,370
    Geo Method
    $1,430,730
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $3,819,690
    Retail / Commercial
    $1,923,920
    Mixed-Use / Specialty
    $1,889,640
    Hospitality / Lodging
    $1,350,670
    Office
    $1,849,850
    Institutional / Educational
    $1,954,660
    Residential Income
    $2,286,960
    Multifamily
    $2,894,870
    Automotive / Energy
    $1,675,430
    Parking / Income-Based Land
    $605,261
    Restaurant / Food Service
    $924,294
    Healthcare / Senior Housing
    $1,965,910

Location Insight

City
Ithaca
County
Tompkins
State
New York
Latitude
42.439
Longitude
-76.5051
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
$5,162
$160,000
$540,000
$700,000
-
$160,000
$540,000
$700,000

FAQs

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