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    Cassadaga Lake Waterfront Oasis Title is generated by Realmo AI

    8216 Glasgow Road On The Lake, Cassadaga, NY 14718

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    Claim this Listing
    New
    For Sale
    $325,000

    LAND - Other - Cassadaga, NY

    Lot size:
    1.09 Acres
    Added:
    May 28, 2026
    Days on Market:
    2
    Last Refresh:
    May 29 at 4:06 pm

    Property Features for 8216 Glasgow Road On The Lake

    General Information

    Property type
    Land
    Property subtype
    Other
    Rooms
    Dining Room
    Parking features
    Open, Garage
    Interior features
    DiningArea, SeparateFormalLivingRoom, GalleyKitchen, HomeOffice, LivingDiningRoom, PartiallyFurnished, SolidSurfaceCounters
    Exterior features
    DirtDriveway
    Appliances
    Dryer, Dishwasher, ElectricOven, ElectricRange, ElectricWaterHeater, Microwave, Refrigerator, Washer
    Standard status
    Active
    APN
    065889-181-011-0001-009-000
    Lot size
    1.09 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1930

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Heat Pump (Heating), Propane (Heating)
    Cooling system
    Heat Pump
    Water source
    Well
    Water front features
    Lake, Lake Front, Beach Access
    Water front
    1

    Building Details

    Year built
    2004
    Floors in Building
    2
    Flooring type
    Vinyl
    Building materials
    VinylSiding
    Architectural style
    Other
    Additional Structures
    Garage(s)

    We can help!

    Listing Contact
    Renee Pchelka
    Renee Pchelka

    Listing agent Renee Pchelka License #40PC0570727

    Listing office Howard Hanna Holt - Fredonia 44 Temple St, Mayville, NY

    Listing date May 28, 2026

    MLS# R1684503 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

    • 500+ feet of Cassadaga Lake waterfront with direct lake access.
    • Boathouse with automatic door for easy boat launch and retrieval.
    • Two‑story garage with a finished 5‑room apartment above, featuring lake views, new kitchen and bathroom, heat and A/C.
    • Shallow, calm water at the shoreline ideal for wading and preventing erosion.
    • Proximity to snowmobile trails for winter recreation.
    • New water filtration system installed July 2025.

    Overview

    This Cassadaga Lake waterfront property offers over 500 feet of lake frontage. The north end features a boathouse with in-and-out boat access and an automatic overhead door opener. A small picnic grove allows for hand-feeding fish at the water's edge. Living quarters are located in a 2-story, 2-bay, 22-year-old garage with an apartment above. The garage has a concrete floor and five finished rooms upstairs that overlook Cassadaga Lake. The apartment includes heat, A/C, a new kitchen and bathroom, and new windows. The living and dining rooms offer direct views of the lake. A new water filtration system was installed in July 2025. Past the garage is a grove and thickets for nature watching. Cassadaga Lake is a small lake with shallow water's edge. A storage cabin on the property can be used for storage or fishing. The property offers potential for summer lakefront enjoyment. The buildings are right at the water's edge. Snowmobile trail riding access is nearby. The property is in close proximity to the Lily Dale Spiritualist Center. The lot size is 1.0927 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Bar & Pub Cafe & Coffee Shop Storage Facility Acupuncture (Bike/Boat/Book/etc) Store Garden Center Parking Lot & Garage Hotel & Motel Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Cassadaga
    County
    Chautauqua
    State
    New York
    Longitude
    -79.328159
    Latitude
    42.359044

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    FAQs

    What type of property is this?
    Waterfront Land - Unique lakefront property with boathouse, living quarters, and recreational potential.
    Where is this waterfront land located?
    The property is located at 8216 Glasgow Road On The Lake Cassadaga, NY.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: 500+ feet of Cassadaga Lake waterfront with direct lake access.; Boathouse with automatic door for easy boat launch and retrieval.; Two‑story garage with a finished 5‑room apartment above, featuring lake views, new kitchen and bathroom, heat and A/C.
    (716) 680-3397
    We can help!
    Listing Contact
    Renee Pchelka
    Renee Pchelka
    Real Estate License ID: 40PC0570727
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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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