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    Lake Ontario Waterfront Living Awaits! Title is generated by Realmo AI

    7945 Lake Road, Sodus Point, NY 14555

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    For Sale
    $34,900

    LAND - Sodus Point, NY

    Property size:
    208 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $167/SF
    Added:
    May 5, 2026
    Days on Market:
    16
    Last Refresh:
    May 20 at 4:06 am

    Property Features for 7945 Lake Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Driveway
    Exterior features
    GravelDriveway
    Standard status
    Active
    APN
    544203-070-119-0019-707-206-0000
    Size
    208 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Annual Amount
    342

    Utilities

    Water front features
    Lake Front, Beach Access, Lake
    Water front
    1

    Building Details

    Year built
    1980

    We can help!

    Listing Contact
    Joseph A. Tally Jr.
    Joseph A. Tally Jr.

    Listing agent Joseph A. Tally Jr. License #10301207547

    Listing office RE/MAX Plus 2171 Monroe Avenue, Rochester, NY

    Listing date May 5, 2026

    MLS# R1679490 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.

    HighLights

    • Lake Front property with Beach Access on Lake Ontario
    • Enjoy HOA amenities including a swimming pool with lifeguard, recreation halls with kitchens, playgrounds, showers, laundry room, and association‑wide activities
    • Proximity to four marinas, Sodus Yacht Club, and Sodus Point Beach Park
    • Close to Sodus Point restaurants and entertainment
    • Includes water access starting Mid‑April
    • Low yearly HOA fee of $775

    Overview

    This 0.05-acre lot offers an opportunity for lakefront living near Lake Ontario. The property, with a size of 208 square feet, is located minutes from Sodus Point, with waterfront access. Several marinas are within 2 miles, along with the Sodus Yacht Club and Sodus Point Beach Park. Nearby entertainment and dining options include Captain Jack's, Bay Street Hotel, Franklin House Tavern, Tick-Tock Crocs, and Dunn's at the Heights. The annual HOA fee is $775. HOA amenities include a swimming pool open daily in July and August with a certified lifeguard, two recreation halls available at no cost to park members for private parties when not in use for association functions, both featuring full kitchens and restrooms, two playgrounds with playground equipment, shower and restroom facilities, a laundry room, and association-wide activities. Water is available at $210 per quarter, turned on mid-April.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    White Birch Campground Campground & RV Park

    Suggested Use

    Restaurant Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Food Market Storage Facility Bar & Pub Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Sodus Point
    County
    Wayne
    State
    New York
    Longitude
    -77.007657
    Latitude
    43.269109

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    • $249,900
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      Historic Sodus Point Income Property

      2233 sq ft historic residence with income potential.
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    • $35,000
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      Waterfront Land in Sodus Point

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      Waterfront Land in Sodus Point

      Waterfront land with community amenities in Sodus Point, NY.
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    FAQs

    What type of property is this?
    Waterfront Land - 0.05 acre lot near Lake Ontario with HOA amenities.
    Where is this waterfront land located?
    The property is located at 7945 Lake Road Sodus Point, NY.
    What is the asking price?
    The asking price for this property is $34,900.
    What are key features of this property?
    This property features: Lake Front property with Beach Access on Lake Ontario; Enjoy HOA amenities including a swimming pool with lifeguard, recreation halls with kitchens, playgrounds, showers, laundry room, and association‑wide activities; Proximity to four marinas, Sodus Yacht Club, and Sodus Point Beach Park
    (585) 279-8124
    We can help!
    Listing Contact
    Joseph A. Tally Jr.
    Joseph A. Tally Jr.
    Real Estate License ID: 10301207547
    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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