Building Details

Year Built 1833

Listing Agency: Keller Williams Realty Greater Rochester

Listed By: Robert K. Malone · License #30MA0937209 Show Phone

Source: Skinnercnyrealty

Added: Sep 5 Changed: Oct 17 Last Checked: Oct 7 at 4:34PM

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Investment Insights

Based on property information with market context.

The Genesee Country Inn Bed & Breakfast is an established hospitality property with 7,088 square feet of improvements and 10 guest suites. Each suite includes a private bathroom, while several feature gas fireplaces. Guest areas include common spaces, prepared breakfast service, and outdoor areas along Spring Creek. The property was built in 1833 and offers a furnished, operating inn format.

Set on just over 2 acres at 948 George St in Mumford, New York, the property occupies a waterfront setting in the Genesee Valley. The grounds are also suited to weddings, rehearsal dinners, corporate retreats, reunions, and seasonal gatherings. Additional stated operating concepts include culinary weekends, fishing packages, and nature-oriented stays.

Key Highlights

• 10 guest suites, each with a private bathroom
• 7,088 SF hospitality property built in 1833
• Just over 2 acres along the banks of Spring Creek

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,776

Cap Rate

3.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$555,520 $555.5K

Cap Rate 7%

$396,800 $396.8K

Cap Rate 9%

$308,622 $308.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,088 SF

Gross rent

$106.3K $15.00/SF

− Vacancy

−$47.8K −$6.75/SF

EGI

$58.5K $8.25/SF

− OpEx

−$30.7K −$4.33/SF

NOI

$27.8K $3.92/SF

Area

Monroe County, NY

Vacancy

45.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$555,520

Cap Rate 7%

$396,800

Cap Rate 9%

$308,622

Alternative Uses

Best Use

Hotel Hospitality

$396.8K

$347.2K – $462.9K (±1% cap)

NOI $27,776 @ 7.0% cap · market cap 3.47%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.36M

$1.19M – $1.59M (±1% cap)

NOI $95,248 @ 7.0% cap · market cap 11.91%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Genesee Country Inn ... Bed & Breakfast

Suggested Use

Top Pick HVAC Service Auto Repair Shop Grocery & Convenience Store Hair Salon Garden Center Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

42

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 14511, NY

520

Population

168

Households

3.1

Avg Household Size

49

Median Age

72%

College-Educated

96%

High-School Grad

2.8 sq mi

ZIP Area

186

Density / Sq Mi

$54,958

Median Household Income

$44,162

Median Earnings

Frequently Asked Questions

What type of property is this?

Bed & breakfast - Historic lodging property with private guest bathrooms and creekside grounds.

Where is this bed & breakfast located?

The property is located at 948 George St Mumford, NY.

What is the asking price?

The asking price for this property is $800,000.

What are key features of this property?

This property features: 10 guest suites, each with a private bathroom; 7,088 SF hospitality property built in 1833; Just over 2 acres along the banks of Spring Creek