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    Finger Lakes Commercial Destination Title is generated by Realmo AI

    6128 Route 89, Romulus, NY 14521

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    For Lease
    $1,000/Mo $0.31 SF/Yr (calc)

    COMMERCIAL - Romulus, NY

    Property size:
    39,313 SF
    Lot size:
    22.10 Acres
    Added:
    May 26, 2026
    Days on Market:
    5
    Last Refresh:
    May 30 at 2:06 am

    Property Features for 6128 Route 89

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    C
    Parking
    100
    Standard status
    Active
    APN
    453089-010-000-0001-028-000-0000
    Size
    39,313 SF
    Lot size
    22.10 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Propane (Heating), Forced Air
    Water source
    Public

    Building Details

    Year built
    1949
    Floors in Building
    1
    Roof type
    Metal

    We can help!

    Listing Contact
    John P. Parrott III

    Listing agent John P. Parrott III License #10301221870

    Listing office Coldwell Banker Finger Lakes 218 Hamilton St, Geneva, NY

    Listing date May 26, 2026

    MLS# R1684739

    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

    • Prime location on the Finger Lakes Wine Trail with 1,100+ feet of Route 89 frontage and direct access to Cayuga Lake tourist traffic.
    • Versatile commercial property with multiple buildings suitable for retail, restaurant, tasting room, office, and event spaces.
    • Turnkey ready spaces available, including tables, taps, kitchen equipment, and outdoor seating.
    • Established landmark destination with a long history of successful businesses.
    • Flexible lease options available, ranging from $1,000/month to $8,500/month.
    • Proven venue for events, entertainment, and vendor markets, attracting both locals and tourists.

    Overview

    Located in Romulus, NY, Trader's Village is a commercial property on the Finger Lakes Wine Trail, overlooking Cayuga Lake. This property offers a mix of retail, restaurant, tasting room, office, and event spaces. Lease options range, accommodating businesses of various sizes in a location with high visibility. The property includes multiple buildings with a history of successful establishments, including North Shore Brewery and The Boathouse Beer Garden, along with retailers and artisans. Several spaces are turnkey ready, featuring tables, taps, kitchen equipment, and outdoor seating, suitable for breweries, wineries, boutiques, or creative ventures. With over 1,100 feet of Route 89 frontage, the property benefits from tourist traffic exploring Cayuga Lake's wine country. The location has hosted events, entertainment, and vendor markets, attracting locals and travelers. Trader's Village offers flexibility and visibility for launching a tasting room, expanding retail operations, or joining the Finger Lakes hospitality scene. The property size is 39313 square feet on a 22.1-acre lot. The zoning is C. Spaces are available.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Romulus
    County
    Seneca
    State
    New York
    Longitude
    -76.76572
    Latitude
    42.72816

    FAQs

    What type of property is this?
    Retail space - Versatile commercial property on the Finger Lakes Wine Trail.
    Where is this retail space located?
    The property is located at 6128 Route 89 Romulus, NY.
    What is the lease rate?
    The lease rate is $1,000 /Mo.
    What are key features of this property?
    This property features: Prime location on the Finger Lakes Wine Trail with 1,100+ feet of Route 89 frontage and direct access to Cayuga Lake tourist traffic.; Versatile commercial property with multiple buildings suitable for retail, restaurant, tasting room, office, and event spaces.; Turnkey ready spaces available, including tables, taps, kitchen equipment, and outdoor seating.
    (315) 789-6768
    We can help!
    Listing Contact
    John P. Parrott III
    Real Estate License ID: 10301221870
    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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