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    Established Winery on Cayuga Lake Title is generated by Realmo AI

    8189 New York 89, Interlaken, NY 14847

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    Claim this Listing
    For Sale
    $1,199,000

    COMMERCIAL - Interlaken, NY

    Property size:
    5,106 SF
    Lot size:
    29.50 Acres
    Price / SF:
    $234/SF
    Added:
    Sep 29, 2025
    Days on Market:
    228
    Last Refresh:
    May 14 at 7:06 pm

    Property Features for 8189 New York 89

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Driveway
    Vegetation
    Wooded
    Exterior features
    GravelDriveway, PropaneTankOwned
    Fireplace
    1
    Standard status
    Active
    APN
    06-1-45.1
    Size
    5,106 SF
    Lot size
    29.50 Acres

    Taxes and HOA fees

    Tax Annual Amount
    14001

    Utilities

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

    Building Details

    Year built
    2016

    We can help!

    Listing Contact
    Kathleen (Kate) Seaman
    Kathleen (Kate) Seaman

    Listing agent Kathleen (Kate) Seaman License #30SE0908346

    Listing office Warren Real Estate of Ithaca Inc. 830 Hanshaw Rd, Ithaca, NY

    Listing date Sep 29, 2025

    MLS# R1636345 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

    • Prime location on the Cayuga Lake Wine Trail with high visibility on Route 89.
    • Established and operating winery with a focus on quality Finger Lakes wines.
    • Nearly 30 acres with sweeping lake views.
    • Beautiful tasting room with custom bar, retail space, and indoor/outdoor seating.
    • Fully equipped production facility (equipment list available).
    • Optional three bedroom, two bath residence for owner occupancy, staff housing, or rental income.

    Overview

    Shepherdess Cellars is located on Route 89, in the heart of the Cayuga Lake Wine Trail on the west shore of Cayuga Lake. Established in 2014, the winery focuses on producing Finger Lakes wines, sourcing fruit from local growers committed to quality. The property spans nearly 30 acres and features a tasting room with a locally handmade custom bar, retail space, and indoor and outdoor seating. Additional amenities include three restrooms, a private office, and a fully equipped production facility. A complete equipment list is available. The property also includes a separate three-bedroom, two-bath residence, offering flexibility for owner occupancy, staff housing, or rental income. The winery has a total size of 5106 square feet. Financials will be provided to qualified buyers with a signed NDA. This is an opportunity to acquire a Finger Lakes winery in a prime location along one of the region's traveled wine trails.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency HVAC Service Wine and Liquor Store Catering Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Interlaken
    County
    Seneca
    State
    New York
    Longitude
    -76.702012
    Latitude
    42.627338

    FAQs

    What type of property is this?
    Vineyard - Winery with tasting room, production facility, and lake views.
    Where is this vineyard located?
    The property is located at 8189 New York 89 Interlaken, NY.
    What is the asking price?
    The asking price for this property is $1,199,000.
    What are key features of this property?
    This property features: Prime location on the Cayuga Lake Wine Trail with high visibility on Route 89.; Established and operating winery with a focus on quality Finger Lakes wines.; Nearly 30 acres with sweeping lake views.
    (607) 280-3339
    We can help!
    Listing Contact
    Kathleen (Kate) Seaman
    Kathleen (Kate) Seaman
    Real Estate License ID: 30SE0908346
    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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