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    4367 Covert Rd Interlaken, NY 14847

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    For Sale
    $1,599,999

    70 Acres, Winery, Restaurant, Brewery

    Property size:
    10,000 SF

    Property Features for 4367 Covert Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    10,000 SF
    Lot Size
    3,057,041 SF

    Building Details

    Year Built
    1973

    We can help!

    Listing Contact
    Kelly Skeval

    Listing Agency: Howard Hanna Listing Agent: Kelly Skeval

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 70.18-acre estate, located at 4367 E Covert Rd, Interlaken, NY, presents a rare opportunity to acquire a thriving multi-faceted business in the heart of New York's picturesque Cayuga Lake wine region. The property boasts a well-established national brand winery, Americana Winery, complete with a main tasting room featuring a gift shop and a comfortable seating area ideal for private events or casual gatherings. A full-service restaurant, the Crystal Lake Cafe, offers both indoor and covered outdoor dining, complete with a fire pit for ambiance. Adding to the diverse revenue streams, a 10-tap brewery is also included, leading to an outdoor stage perfect for live entertainment. The property further includes a large pavilion, perfect for hosting outdoor events, and a spacious heated barn with upstairs storage, suitable for weddings or expanded wine/beer production. The estate also features a comfortable 5-bedroom home with two kitchens, providing ample living space. 6.5 acres of the property are currently planted with grapes, and two ponds add to the scenic beauty of this remarkable property. The 10,000 square foot complex offers significant potential for expansion and growth within the established wine country market. Priced at $1,599,999, this turnkey operation represents an unparalleled investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Crystal Lake Cafe Brewery & Distillery Americana Vineyards Winery Brewery & Distillery Bacchus Brewing Co. ... Bar & Pub

    Suggested Use

    Restaurant Building Supply Auto Repair Shop HVAC Service Bar & Pub Garden Center Computer & Electronic Repair Tech Support Center Bed & Breakfast Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Interlaken
    County
    Seneca
    State
    New York
    Longitude
    -76.67625
    Latitude
    42.57595

    Nearby Similar for Sale

    • $1,199,000
      5,106 SF

      Established Winery on Cayuga Lake

      Winery with tasting room, production facility, and lake views.
      8189 New York 89, Interlaken, NY 14847
      View Details
    • $1,700,000
      5,106 SF

      Cayuga Lake Winery Estate

      Vineyard, Tasting Room, & Production Facility
      Covert Rd, Interlaken, NY 14847
      View Details
    • $1,700,000
      29.50 Acres

      Shepherdess Cellars Winery - NY

      Prime Finger Lakes Winery, 29.5 acres
      8189 Ny-89, Interlaken, NY 14847
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 70 Acres, Winery, Restaurant, Brewery
    Where is this commercial real estate located?
    The property is located at 4367 Covert Rd Interlaken, NY.
    What is the asking price?
    The asking price for this property is $1,599,999.
    (607) 257-0800
    Request Owner's contact information
    4367 Covert Rd Interlaken, NY 14847
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    Interlaken, NY 14847
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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
    4367 Covert Rd Interlaken, NY 14847
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    Contact for Pricing
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    and status of this listing
    Kelly Skeval
    (607) 257-0800
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