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    1022 Shapley Road Bainbridge, NY 13733

    View on Map
    For Sale
    $409,000

    MULTI_FAMILY - Other - Bainbridge, NY

    Property size:
    2,612 SF
    Lot size:
    75.00 Acres
    Added:
    Sep 12, 2025
    Days on Market:
    202
    Last Refresh:
    Apr 1 at 10:06 am

    Property Features for 1022 Shapley Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    7
    Bathrooms
    4
    Rooms
    Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 7, Bedroom 3, Bedroom 6, Bathroom 1, Bathroom 3, Bedroom 4, Bathroom 4, Basement, Bedroom 1
    Patio and Porch features
    Porch
    Interior features
    CeilingFans, NaturalWoodwork
    Fireplace
    1
    Appliances
    OilWaterHeater
    Standard status
    Active
    APN
    083200-232-000-0001-001-100-0000
    Size
    2,612 SF
    Lot size
    75.00 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    6367

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Hot Water(Heating), Oil, Baseboard
    Water source
    Well

    Building Details

    Year built
    1830
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Varies, Vinyl
    Building materials
    VinylSiding
    Architectural style
    Other

    We can help!

    Listing Contact
    Jacqlene R. Rose
    Jacqlene R. Rose

    Listing agent Jacqlene R. Rose License #10301204627

    Listing office Coldwell Banker Timberland Properties 19 Union St, Margaretville, NY

    Listing date Sep 12, 2025

    MLS# R1637737 Listing URL

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Farmhouse with Income Potential

    Located in Guilford, NY, this property features a 2-family country farmhouse built in 1830, situated on 75 acres. The main residence includes 4 bedrooms and 1.5 bathrooms, with bright living spaces and traditional country charm. A woodstove is located in the formal dining room. The home also features a living room, spacious eat-in kitchen, and laundry room. The property also includes a separate 3-bedroom apartment with its own utilities, suitable for rental income, extended family, or guests. A classic 2-story barn provides storage and functionality for equipment and animals. The land offers a mix of tillable acreage, wooded area, and a stream, suitable for farming, recreation, or enjoying the natural setting. The property has extensive road frontage and scenic views, providing both privacy and accessibility. The property is suitable for a working farm, an investment opportunity, or a country retreat. The farmhouse has 2612 square feet of living space and is located in Bainbridge, NY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Hotel & Motel Electronics & Wireless Store Bed & Breakfast Pet Store Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bainbridge
    County
    Chenango
    State
    New York
    Longitude
    -75.5118
    Latitude
    42.3372

    Nearby Similar for Sale

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      Turnkey Commercial Operation in Bainbridge

      Successful pontoon boat business with room to grow.
      144 Owlville Road, Bainbridge, NY 13733
      View Details
    • $300,000
      4,908 SF

      Bainbridge, NY Four-Unit Apartment Building

      Well-maintained four-unit apartment building in historic Bainbridge, NY.
      69 N Main Street, Bainbridge, NY 13733
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    • $119,000
      1,865 SF

      Bainbridge Multi-Unit Home For Sale

      Two-unit home near Bainbridge, NY, with seller financing available.
      4982 State Hwy 206, Bainbridge, NY 13733
      View Details

    FAQs

    What type of property is this?
    Farm - 75-acre property with farmhouse, apartment, barn, and farmland.
    Where is this farm located?
    The property is located at 1022 Shapley Road Bainbridge, NY.
    What is the asking price?
    The asking price for this property is $409,000.
    What are key features of this property?
    This property features: 75‑acre property with tillable acreage, wooded area, and a stream; Two‑family farmhouse with a separate 3‑bedroom apartment for rental income; Classic 2‑story barn perfect for storage
    (607) 267-2648
    We can help!
    Listing Contact
    Jacqlene R. Rose
    Jacqlene R. Rose
    Real Estate License ID: 10301204627
    Learn More
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    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
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