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

    3586 State Rte 14a Penn Yan, NY 14527

    • Bars & Pubs
    • 2,474 SF
    • 1.60 lot acres
    OFF-MARKET
    Last Sale
    Dec 20, 2021
    $168,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1684662
    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

    • Bars & Pubs

    Property Details for 3586 State Rte 14a

    Year built
    1960
    Lot size
    1.60 lot acres
    Property size
    2,474 SF
    Zone code
    CO
    Property type
    Bars & Pubs
    Property subtype
    Pubs
    APN
    573089 88.03-1-12
    APU
    5730898803112

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Penn Yan
    County
    Yates
    State
    New York
    Longitude
    -76.9415
    Latitude
    42.5906
    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
    2020
    $3,222
    $55,800
    $131,300
    $187,100
    -
    $55,800
    $131,300
    $187,100

    Comparable in this City

    • Value Estimation by Request
      1,858 SF

      221 Elm St

      BAR, TAVERN • 1,858 SF
      221 Elm St, Penn Yan, NY 14527-1357
      View Details
    • Value Estimation by Request
      5,294 SF

      133 Elm St

      BAR, TAVERN • 5,294 SF
      133 Elm St, Penn Yan, NY 14527-1641
      View Details
    • Value Estimation by Request
      1,894 SF

      2940 State Rte 54a

      RESTAURANT • 1,894 SF
      2940 State Rte 54a, Penn Yan, NY 14527-8909
      View Details
    • Value Estimation by Request
      5,244 SF

      14-16 Maiden Ln

      RESTAURANT • 5,244 SF
      14-16 Maiden Ln, Penn Yan, NY 14527
      View Details
    • Value Estimation by Request
      6,128 SF

      10-12 Main St

      RESTAURANT • 6,128 SF
      10-12 Main St, Penn Yan, NY 14527
      View Details
    • Value Estimation by Request
      2,594 SF

      104 Liberty St

      RESTAURANT • 2,594 SF
      104 Liberty St, Penn Yan, NY 14527-1642
      View Details

    Similar Nearby for Sale

    • $1,850,000
      1,744 SF

      Seneca Lake Destination Property

      Iconic 13-acre commercial property with lake views and event venue.
      511 Hansen Pt Rd, Penn Yan, NY 14527
      View Details
    • $534,900

      Downtown Penn Yan Commercial Property

      Commercial property with potential in thriving downtown Penn Yan.
      100 E Main St, Penn Yan, NY 14527
      View Details
    • $219,000
      Pending

      Penn Yan Commercial Property

      Move-in ready commercial property in ideal village location.
      6 Bush Park Ln, Penn Yan, NY 14527
      View Details
    • $1,950,000

      Downtown Penn Yan Mixed-Use Opportunity

      Prime commercial space with luxury residential unit in vibrant village.
      114-116 Main St, Penn Yan, NY 14527
      View Details
    • $99,000

      Historic Church Repurposing Opportunity

      Historic church suitable for community center, office, retail, or venue.
      2395 Havens Corners Rd, Penn Yan, NY 14527
      View Details
    • $1,850,000
      1,744 SF

      Seneca Lake Destination Property

      Iconic 13-acre property with lake views and event venue.
      511 Hansen Pt Rd, Penn Yan, NY 14527
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      1,250 SF

      Retail/Office Space in Penn Yan

      Prime retail or office space in a high-traffic tourist location.
      124 Elm St, Penn Yan, NY 14527
      View Details
    • $1,600 /Mo

      Professional Office Space For Rent

      1600 sq ft office space with utilities included.
      270 Lake St, Penn Yan, NY 14527
      View Details
    • $1,600 /Mo

      Professional Office Space For Rent

      Professional office space with parking and utilities included.
      270 Lake St, Penn Yan, NY 14527
      View Details
    • Contact for pricing
      8,400 SF

      Industrial Space with Loading Docks

      Manufacturing and light industrial space available for rent.
      240 North Ave, Penn Yan, NY 14527
      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.
    3586 State Rte 14a
    Penn Yan, NY 14527
    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!