Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    369 Waterloo Geneva Rd Waterloo, NY 13165

    Sponsored
    For Sale
    $425,000

    COMMERCIAL - Waterloo, NY

    Property size:
    7,435 SF
    Lot size:
    0.95 Acres
    Days on Market:
    8
    Last Refresh:
    Jan 20 at 12:06 pm

    Property Features for 369 Waterloo Geneva Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    MU
    APN
    453889-023-000-0001-038-001-0000
    Parking
    79
    Parking features
    Paved or Surfaced
    Size
    7,435 SF
    Lot size
    0.95 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas, Hot Water(Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1970
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Carpet, Concrete, Linoleum, Vinyl
    Roof type
    Membrane, Metal, Rubber, Asphalt

    We can help!

    Listing Contact
    John Parrott

    Coldwell Banker Finger Lakes (315) 789-6768 [email protected]

    Listing agent John P. Parrott III (315) 789-6768 License #10301221870

    Listing date Jan 13, 2026

    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.

    Learn more

    Property Insight Report

    Overview

    Turn-Key Restaurant & Event Destination

    This commercial property, formerly Emile's Restaurant, is located at the corner of Routes 5 & 20 and Serven Road, offering visibility and access. Situated on a 0.95-acre site with 174' frontage on Routes 5 & 20 and 314' frontage on Serven Road, it experiences a daily traffic count exceeding 11,000 vehicles. The property is near Seneca Lake, Downtown Geneva, the NYS Thruway, the Seneca Lake and Cayuga Lake wine trails, and landmarks in Waterloo and Seneca Falls. The 7,435 square foot building is configured for 177 seats, with potential for more. It includes a full bar, multiple dining rooms, private event spaces, walk-in freezers, prep areas, offices, and three restrooms. The fully equipped commercial kitchen, furniture, fixtures, and equipment are included. With 81 paved parking spaces and flexible interiors, the property is suitable for destination dining, weddings, tastings, and private events. Its location between Rochester and Syracuse and near Hobart and William Smith Colleges provides year-round traffic and regional appeal. The property is zoned MU and is located in Waterloo, NY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bella's Seneca Lake ... Restaurant

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Clothing Store Auto Parts Store Grocery Store Storage Facility Bar & Pub Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Seneca
    State
    New York
    Longitude
    -76.940105
    Latitude
    42.88241

    Nearby Similar for Sale

    • $295,000
      Pending

      Mixed-Use Commercial Property with Visibility

      Dual-building commercial property in high-traffic area, ideal for diverse ventures.
      2932 Serven Rd, Waterloo, NY 13165
      View Details
    • $145,000
      Pending

      Waterloo Two-Family Home with Updates

      Two-family home in Waterloo with updated features and investment potential.
      107 E Elizabeth St, Waterloo, NY 13165
      View Details
    • $249,900
      3,494 SF

      Waterloo Investment Opportunity

      Three-unit building with storefront/bar and apartments in Waterloo, NY.
      14 E Main St, Waterloo, NY 13165
      View Details
    • $65,000

      Two-Unit Apartment Building in Waterloo

      Two-unit apartment building with potential for investment.
      231 E Main St, Waterloo, NY 13165
      View Details
    • $195,000

      Two-Apartment House with Hardwood Detail

      Two-apartment house with hardwood detail, minutes from downtown.
      91 Virginia St, Waterloo, NY 13165
      View Details

    FAQs

    What type of property is this?
    Restaurant - High-visibility commercial property with restaurant, event, and entrepreneurial potential.
    Where is this restaurant located?
    The property is located at 369 Waterloo Geneva Rd Waterloo, NY.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Turn-key restaurant and event destination with all furniture, fixtures, and equipment included.; - **Prime location** at the corner of Routes 5 & 20 and Serven Road with high visibility and over 11,000 daily traffic count.; - **7,435+\/- square foot building** configured for 177 seats with a full bar, multiple dining rooms, private event spaces, and a fully equipped commercial kitchen.
    (315) 789-6768
    Request Owner's contact information
    369 Waterloo Geneva Rd Waterloo, NY 13165
    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.
    369 Waterloo Geneva Rd
    Waterloo, NY 13165
    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
    369 Waterloo Geneva Rd Waterloo, NY 13165
    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

    We can help!
    Listing Contact
    John Parrott
    Real Estate License ID: 10301221870
    (315) 789-6768
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.