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    Finger Lakes Bed & Breakfast Title is generated by Realmo AI

    9496 State Rt 414, Lodi, NY 14860

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    Claim this Listing
    For Sale
    $950,000

    COMMERCIAL - Lodi, NY

    Property size:
    4,892 SF
    Lot size:
    3.79 Acres
    Price / SF:
    $194/SF
    Added:
    Apr 6, 2026
    Days on Market:
    47
    Last Refresh:
    May 22 at 9:06 am

    Property Features for 9496 State Rt 414

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    210
    Parking
    15
    Parking features
    Driveway
    Standard status
    Active
    APN
    017-0000001-035
    Size
    4,892 SF
    Lot size
    3.79 Acres

    Taxes and HOA fees

    Tax Annual Amount
    12015

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Oil, Zoned, Electric (Heating)
    Cooling system
    Zoned
    Water source
    Well

    Building Details

    Year built
    1885
    Floors in Building
    1
    Flooring type
    Hardwood, Varies, Carpet
    Building materials
    Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    Warren O. Radke
    Warren O. Radke

    Listing agent Warren O. Radke License #30RA1056722

    Listing office Howard Hanna Corning 45 E MARKET ST, Corning, NY

    Listing date Apr 6, 2026

    MLS# R1671586

    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.

    HighLights

    • Successful Bed & Breakfast Business Included: Fully furnished with 5 bedroom suites and owner's living space.
    • Prime Location in the Finger Lakes: Surrounded by award‑winning wineries with Seneca Lake views.
    • Meticulously Maintained Property: Includes gorgeous lawn, gardens, and a wrap‑around deck.
    • Spacious Property: Almost 4 acres with large common areas.
    • Convenient Access to Attractions: 15 minutes from Watkins Glen and within 45 minutes of Geneva, Ithaca, and multiple colleges.
    • Historic Charm: Built in 1885 with frame construction and hardwood floors.

    Overview

    Located in the heart of the Finger Lakes region of New York, this commercial property is situated on approximately 3.79 acres. The property, currently operating as a bed and breakfast, features 5 bedroom suites on the second floor, along with a comfortable owner's living space on the first floor. A large common area is located on the first floor, complemented by a wrap-around deck that offers views of Seneca Lake. The property includes the business and all furnishings. The home is meticulously maintained with a gorgeous lawn and gardens. The property is located approximately 15 minutes from Watkins Glen, 30 minutes from Geneva and Hobart & William Smith Colleges, and 45 minutes from Ithaca, Cornell University, and Ithaca College. The zoning is 210. The property contains 4892 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Restaurant Real Estate Agency Hotel & Motel Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Travel Agency Bed & Breakfast Restaurant Wine and Liquor Store

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

    Similar Places Nearby

    • The Fox and the Grapes Bed and Breakfast — 9496 NY-414, Lodi, NY 14860

    Location Insight

    • Map
    • Local Demand
    City
    Lodi
    County
    Seneca
    State
    New York
    Longitude
    -76.86192
    Latitude
    42.56438

    FAQs

    What type of property is this?
    Bed & breakfast - Meticulously maintained B&B with lake views in Finger Lakes.
    Where is this bed & breakfast located?
    The property is located at 9496 State Rt 414 Lodi, NY.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Successful Bed & Breakfast Business Included: Fully furnished with 5 bedroom suites and owner's living space.; Prime Location in the Finger Lakes: Surrounded by award‑winning wineries with Seneca Lake views.; Meticulously Maintained Property: Includes gorgeous lawn, gardens, and a wrap‑around deck.
    (607) 542-6606
    We can help!
    Listing Contact
    Warren O. Radke
    Warren O. Radke
    Real Estate License ID: 30RA1056722
    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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