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    4966 Ny-414 Burdett, NY 14818
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    4966 Ny-414, Burdett, NY 14818

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    • Retail properties & Spaces
    • 12,000 SF
    • 112.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

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

    Property Details for 4966 Ny-414

    Year built
    1790
    Lot size
    112.00 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Mixed-use properties

    Description

    This exceptional 112-acre property boasts breathtaking Seneca Lake views and offers a unique blend of commercial and residential opportunities. The main structure includes a 6,050 square-foot production warehouse, built around 1990, featuring a partial second floor, cement floors, a metal roof, and a commercial-grade driveway. Two finished rooms with stunning lake views, previously used as offices or a lab, are also included. The warehouse's adaptable space is ideal for various uses, such as wine, beer, or spirits production, storage, or conversion into a banquet hall. Separate parking for up to 200 vehicles is available. Additionally, a 4,000 square-foot commercial space includes a refrigerated dessert case, ice cream freezer, walk-in cooler, three-bay stainless steel sink, and ample prep space. The residential component comprises a main house with seven bedrooms, three and a half baths, and four powder rooms. Four bedrooms feature fireplaces and private sinks. Two additional large bedrooms boast wood accents and skylights. A unique two-story tree house with a wrap-around porch and expansive windows overlooks the lake. A separate 4.25-acre parcel across the road, with road access from NY-414, offers prime lakefront building potential. The property also includes horse barns, and the entire estate dates back to 1790, with continuous renovations. This remarkable property presents an unparalleled investment opportunity in the heart of the Finger Lakes region. The property is situated on 4966 NY-414, Burdett, NY 14818, in Schuyler County. The property is zoned as "No Zoning".

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Burdett
    County
    Schuyler
    State
    New York
    Longitude
    -76.8675
    Latitude
    42.4744

    Comparable in this City

    • Value Estimation by Request
      112.00 Acres

      State Route 414

      Distribution properties
      0 State Route 414, Burdett, NY 14818
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    • Value Estimation by Request
      4,680 SF

      3815 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      3815 Main St, Burdett, NY 14818-9660
      View Details
    • Value Estimation by Request
      864 SF

      3960 County Rd 5th 5

      OFFICE/RESIDENTIAL (MIXED USE)
      3960 County Rd 5th 5, Burdett, NY 14818-9747
      View Details
    • Value Estimation by Request
      1,344 SF

      4625 Satterly Hl Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      4625 Satterly Hl Rd, Burdett, NY 14818-9735
      View Details
    • Value Estimation by Request
      1,773 SF

      3821 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      3821 Main St, Burdett, NY 14818-9660
      View Details
    • Value Estimation by Request
      3,429 SF

      3855 Willow St

      OFFICE/RESIDENTIAL (MIXED USE)
      3855 Willow St, Burdett, NY 14818-9691
      View Details

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    Burdett, NY 14818
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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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