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    Property profile & analytics

    303 Barrett Ln Bridgeport, NY 13030

    • Turn key restaurants
    • 4,461 SF
    • 0.76 lot acres
    For Sale
    View listing
    $635,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4177276
    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

    • Fisher Bay / Bar / Seafood Restaurant
    • ATM / Atm

    Property Details for 303 Barrett Ln

    Year built
    1975
    Lot size
    0.76 lot acres
    Property size
    4,461 SF
    Zone code
    02 - SINGLE RESIDENCE
    Property type
    Turn key restaurants
    APN
    254889 3.29-1-15.1
    APU
    2548893291151

    Description

    This exceptional 4,461 square foot restaurant property, located at 303 Barrett Ln, Bridgeport, NY 13030, presents a unique investment opportunity. Currently operating as a restaurant, the property boasts stunning waterfront frontage on both Oneida Lake and the marina channel. The asking price is $635,000, translating to $142.34 per square foot. The existing structure offers immediate potential for continued restaurant operations or complete redevelopment. The tranquil setting and direct lake access are ideal for a variety of uses, including residential conversion. Imagine the possibilities: a luxurious waterfront home, a thriving restaurant with unparalleled views, or a mixed-use development capitalizing on the property's prime location. The property's versatility and picturesque setting make it a truly exceptional investment opportunity. The site's location on the Great Loop waterway adds significant appeal for boaters and intercoastal enthusiasts. This is a rare chance to acquire a substantial waterfront property with immense potential in a desirable location. The existing building provides a solid foundation for immediate use or future development plans. Don't miss this chance to own a piece of Oneida Lake's beauty.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $245,000
      Market price range: $232k - $599k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $405,000
      Current use
      AUTO REPAIR, GARAGE
      $425,000
      Change: +5% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $400,000
      Change: -2% Conversion: Easy
      RETAIL STORES
      $395,000
      Change: -3% Conversion: Easy
      OFFICE BUILDING
      $370,000
      Change: -8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Madison
    State
    New York
    Longitude
    -75.9806
    Latitude
    43.177
    CBSA code
    45060
    CBSA name
    SYRACUSE, 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
    $93,800
    $123,200
    $217,000
    -
    $135,942
    $178,551
    $314,493

    Comparable in this City

    • Value Estimation
      $305,000
      6,010 SF

      410 State Rte 31st, Unit 412

      RESTAURANT • 6,010 SF
      410 State Rte 31st, Bridgeport, NY 13030-9769
      View Details
    • Value Estimation
      $330,000
      2,777 SF

      7991 Rte 31

      RESTAURANT • 2,777 SF
      7991 Rte 31, Bridgeport, NY 13030
      View Details
    • Value Estimation
      $310,000
      1,436 SF

      8018 Rte 31

      GAS STATION • 1,436 SF
      8018 Rte 31, Bridgeport, NY 13030
      View Details
    • Value Estimation
      $345,000
      2,378 SF

      8019 Lk Rd

      GAS STATION • 2,378 SF
      8019 Lk Rd, Bridgeport, NY 13030
      View Details
    • Value Estimation
      $330,000
      4,800 SF

      621 State Rte 31

      AUTO REPAIR, GARAGE • 4,800 SF
      621 State Rte 31, Bridgeport, NY 13030
      View Details
    • Value Estimation
      $225,000
      10,156 SF

      585 State Rte 31

      VEHICLE SALES, RENTALS • 10,156 SF
      585 State Rte 31, Bridgeport, NY 13030-9701
      View Details

    Similar Nearby for Sale

    • $635,000
      4,461 SF

      Fisher Bay Restaurant: Waterfront Opportunity

      Prime Oneida Lake Restaurant, $635,000
      303 Barrett Ln, Bridgeport, NY 13030
      View Details
    • $199,900

      Land Near Chapman Park

      6.01 acres near Oneida Lake with utilities available.
      8805 Bushnell Shore Rd, Bridgeport, NY 13030
      View Details
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    303 Barrett Ln
    Bridgeport, NY 13030
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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.

    More about this property
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