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    2075-79 East Shore Drive Lansing, NY 14882

    View on Map
    For Sale
    $949,000

    COMMERCIAL - Lansing, NY

    Property size:
    13,248 SF
    Lot size:
    1.13 Acres
    Added:
    Jun 12, 2025
    Days on Market:
    294
    Last Refresh:
    Apr 1 at 5:06 pm

    Property Features for 2075-79 East Shore Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Parking
    50
    Standard status
    Active
    APN
    503289-037-001-0002-002-000-0000
    Size
    13,248 SF
    Lot size
    1.13 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    24246

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Hot Water(Heating), Natural Gas
    Water source
    Public

    Building Details

    Year built
    1830
    Floors in Building
    3
    Flooring type
    Carpet, Hardwood, Varies, Concrete
    Roof type
    Asphalt, Metal

    We can help!

    Listing Contact
    Garrett Venuto
    Garrett Venuto

    Listing agent Garrett Venuto License #10401360100

    Listing office Warren Real Estate of Ithaca Inc. 830 Hanshaw Rd, Ithaca, NY

    Listing date Jun 12, 2025

    MLS# R1614569

    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

    Historic Inn and Restaurant

    This is a fully operational, turn-key historic inn and restaurant situated in the Finger Lakes region. The Rogues Harbor Inn, an 1830s National Historic Landmark, is located 10 minutes from downtown Ithaca, Cornell University, and the Cayuga Wine Trail. The three-story brick building, encompassing 13,248 square feet on a 1.13-acre lot, blends commercial and hospitality income potential. It features a nine-room Bed & Breakfast with private baths, air conditioning, and Wi-Fi. The third-floor ballroom serves as a breakfast area with original architectural details. The ground level houses The Corner Pub, a neighborhood bar and restaurant with a full commercial kitchen, rustic oak bar, exposed brick, and seating for casual diners and larger events. The property offers immediate cash flow from lodging, dining, and events, with potential to expand operations, host weddings, or create wine tour packages.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center

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

    Similar Places Nearby

    • Rogues Harbor Inn 1830 LLC — 2079 E Shore Dr, Lansing, NY 14882

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Tompkins
    State
    New York
    Longitude
    -76.505884
    Latitude
    42.537517

    Nearby Similar for Sale

    • $220,000
      2,055 SF

      Lansing Mixed-Use Property For Sale

      Mixed-use property in Lansing, NY, featuring 2,055 square feet.
      108 Davis Road, Lansing, NY 14882
      View Details
    • $350,000

      Approved Project Near Ithaca

      Approved 16-unit apartment complex project near Cornell University.
      Cayuga Vista Lane, Lansing, NY 14882
      View Details

    FAQs

    What type of property is this?
    Bed & breakfast - Turn-key historic inn and restaurant in the Finger Lakes region.
    Where is this bed & breakfast located?
    The property is located at 2075-79 East Shore Drive Lansing, NY.
    What is the asking price?
    The asking price for this property is $949,000.
    What are key features of this property?
    This property features: Turn‑key, fully operational historic inn and restaurant with proven revenue streams from lodging, dining, and events.; Prime location: Just 10 minutes from downtown Ithaca, Cornell University, and the Cayuga Wine Trail.; Nine‑room Bed & Breakfast featuring private baths, air conditioning, Wi‑Fi, and period‑specific charm.
    (607) 592-1762
    We can help!
    Listing Contact
    Garrett Venuto
    Garrett Venuto
    Real Estate License ID: 10401360100
    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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