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    5101 E Lake Road Honeoye, NY 14471

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    Pending
    $70,000

    LAND - Honeoye, NY

    Lot size:
    0.55 Acres
    Added:
    Jan 12, 2026
    Days on Market:
    111
    Last Refresh:
    May 3 at 12:06 am

    Property Features for 5101 E Lake Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Driveway
    Vegetation
    Wooded
    Standard status
    Pending
    APN
    324200-150-046-0002-051-000
    Lot size
    0.55 Acres

    Taxes and HOA fees

    Tax Annual Amount
    248

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public
    Water front features
    Lake
    Water front
    1

    We can help!

    Listing Contact
    Kathryn Mason
    Kathryn Mason

    Listing agent Kathryn Mason License #10401365214

    Listing office RE/MAX Realty Group 10 Grove Street, Pittsford, NY

    Listing date Jan 12, 2026

    MLS# R1657459 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

    Honeoye Lake View Residential Lot

    This 0.546-acre lot, situated on a hillside overlooking Honeoye Lake, presents an opportunity for a recreational retreat or a future lake-view home. The property includes existing water and electric utilities. A septic system, inspected, cleaned, and pumped, is reported to be operational, featuring a 1,000-gallon tank and approximately 300 lineal feet of leach field. Installed in 1992 and used for three years, the system is sized to support a future 3-4 bedroom home if constructed. Public sewer access is available across the street, offering additional development options. Zoned for residential use, this parcel is suitable for a seasonal escape, camp-style getaway, or long-term construction. The location is moments from public lake access, marinas, dining, and year-round Finger Lakes recreation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Honeoye
    County
    Ontario
    State
    New York
    Longitude
    -77.498384
    Latitude
    42.776827

    Nearby Similar for Sale

    • $499,900

      Honeoye Lake Frontage Land

      Rare lakefront property with beaches, garage, and panoramic views.
      5184 E Lake Road, Honeoye, NY 14471
      View Details
    • $52,500
      20,000 SF

      Wooded Land Near Honeoye Lake

      Nearly half-acre wooded parcel ideal for recreation or residential building.
      Dana Shores Drive, Honeoye, NY 14471
      View Details
    • $84,900

      Honeoye Lake Waterfront Land Opportunity

      Affordable lake life near Honeoye Lake with park access.
      8513 Charmouth Street, Honeoye, NY 14471
      View Details
    • $120,000
      1,200 SF

      Commercial Building Near Honeoye Lake

      1200 SF commercial building with newer roof and HVAC.
      8742 Main St, Richmond, NY 14471
      View Details
    • $229,000

      Main Street Commercial Opportunity

      Restaurant/cafe space or other business opportunity in Finger Lakes.
      8639 Main St, Honeoye, NY, 14471-9634
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.546-acre lot with utilities and lake views.
    Where is this residential land & home lot located?
    The property is located at 5101 E Lake Road Honeoye, NY.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: Lake view lot overlooking Honeoye Lake.; Utilities (water and electric) already in place.; Septic system recently inspected, cleaned, and pumped; sized for a 3‑4 bedroom home.
    (585) 354-8565
    We can help!
    Listing Contact
    Kathryn Mason
    Kathryn Mason
    Real Estate License ID: 10401365214
    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.

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    5101 E Lake Road, Honeoye, NY 14471

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