Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1148 Wayneport Rd Macedon, NY 14502-9734

    • Golf courses & driving ranges
    • 11,145 SF
    • 133.09 lot acres
    OFF-MARKET
    Last Sale
    May 15, 2023
    $750,000
    Value Estimations
    $745,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0215301
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sycamore Golf Club / Restaurant

    Property Details for 1148 Wayneport Rd

    Year built
    1972
    Lot size
    133.09 lot acres
    Property size
    11,145 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Golf courses & driving ranges
    APN
    543000 61111-00-380263
    APU
    5430006111100380263

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $740,000
      ML approach
      $735,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $825,000
      Market price range: $334k - $2.03M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Macedon
    County
    Wayne
    State
    New York
    Longitude
    -77.3553
    Latitude
    43.0508
    CBSA code
    40380
    CBSA name
    ROCHESTER, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $550,600
    $249,400
    $800,000
    -
    $585,745
    $265,319
    $851,064

    Comparable in this City

    • Value Estimation by Request
      13.10 Acres

      Gananda Pkwy

      GOLF COURSE • 13.10 Acres
      Gananda Pkwy, Macedon, NY 14502
      View Details
    • Value Estimation by Request
      1.46 Acres

      Waterford Rd

      RECREATIONAL, ENTERTAINMENT • 1.46 Acres
      Waterford Rd, Macedon, NY 14502
      View Details
    • Value Estimation by Request
      3.98 Acres

      Rte 31

      RACE TRACK (AUTO, DOG, HORSE) • 3.98 Acres
      Rte 31, Macedon, NY 14502
      View Details
    • Value Estimation by Request
      900 SF

      180 State Rte 31

      RECREATIONAL, ENTERTAINMENT • 900 SF
      180 State Rte 31, Macedon, NY 14502-8871
      View Details
    • Value Estimation by Request
      4.00 Acres

      237 Ny-31

      Land • 4.00 Acres
      237 Ny-31, Macedon, NY 14502
      View Details
    • Value Estimation by Request

      Macedon, NY 14502

      SBE - SPECIAL ASSESSMENTS
      Macedon, NY 14502
      View Details

    Similar Nearby for Sale

    • $350,000
      Pending

      48+ Acres Commercial/Industrial Land

      48+ acres of level land suitable for various developments.
      900 Quaker Rd, Macedon, NY 14502
      View Details
    • $156,000
      25.80 Acres

      Macedon Active Farmland For Sale

      25 acres of tillable farmland with utilities available.
      Victor Rd, Macedon, NY 14502
      View Details
    • New
      $224,900
      Pending

      Updated Duplex with Garage

      Well-maintained ranch duplex featuring updated units, garage, and outdoor space.
      3975 County Line Rd, Macedon, NY 14502
      View Details
    • $649,000
      Pending

      Land For Sale

      Commercial land available for sale.
      1045 Brixton Dr Dr, Macedon, NY 14502
      View Details
    • New
      $425,000
      3,871 SF

      Remodeled Four-Unit Multifamily Investment Property

      Move-in ready, generates strong rental income in a convenient location.
      248 State Route 31, Macedon, NY 14502
      View Details
    • $350,000
      Pending

      Macedon Commercial Land Opportunity

      48+ acres of level commercial/industrial land with road frontage.
      900 Quaker Rd, Macedon, NY 14502
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Macedon Mixed-Use Investment Opportunity

      Versatile mixed-use property in Macedon, ideal for investors or owner-operators.
      248 State Route 31, Macedon, NY 14502
      View Details
    • Contact for pricing
      1,999 SF

      Retail Space Near Super Walmart

      Retail space available in shadow strip center near Super Walmart.
      515 Sampson Dr, Macedon, NY 14502
      View Details
    • Contact for pricing

      Commercial Land Near Super Walmart

      Shadow strip center location near Pittsford and Fairport.
      515 Sampson Dr, Macedon, NY 14502
      View Details
    • $1,000 /Mo
      219,107 SF

      Macedon Commercial Property For Rent

      Commercial property available for rent in Macedon, New York.
      2095 Imperial Dr, Macedon, NY 14502
      View Details
    • Contact for pricing
      4,000 SF

      Versatile Retail/Office/Restaurant Space

      4,000 SF space ideal for retail, office, or restaurant.
      1503 Canandaigua Rd, Macedon, NY 14502
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1148 Wayneport Rd
    Macedon, NY 14502-9734
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!