Entity Owned Property summary
AI-generated overview
Nestled in the heart of the Finger Lakes Wine region, Logan Ridge Estates presents a rare investment opportunity. This expansive 21,000 square foot property sits on 23.51 acres and boasts breathtaking panoramic views of Seneca Lake. Originally constructed as a private residence, the property has most recently thrived as a successful venue for weddings, banquets, and special events, comfortably accommodating up to 250 guests. The property includes a fully equipped commercial kitchen, perfect for catering large-scale events. A substantial deck provides ample outdoor space for guests to enjoy the stunning lake views. Ample parking is available with space for 200 vehicles. The property is serviced by municipal water. The possibilities for this unique property are extensive, ranging from a winery or brewery to an upscale restaurant or a private retreat. Its commanding presence and prime location make it an exceptional investment with significant potential for future growth and development. The property's scale and amenities offer a truly once-in-a-lifetime opportunity for the discerning buyer. This is a turnkey operation ready for immediate use or further development to suit your vision. The property is offered at $2,950,000.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1976
Total area
21,000 SF
Lot
23.51 ac (1,024,096 SF)
Zoning code
01 - NOT ZONED
APN
442689 7.00-4-5
UPID
US63-1267867
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Wedding Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.88M
Owner & transaction history
since 2025
Last sale
$2.0M
3 recorded transactions
Zoning & alternative use
01 - NOT ZONED · Hector, NY
Top alternative use upside
Office building
$2.4M
+27.3%
Commercial (general)
$2.0M
+9.9%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.88M
Value range
$1.69M – $2.07M
±10% around blend
Estimated value / SF
$90 / SF
Confidence
Property data
88
Comparable evidence
60
$1.69M
blend $1.88M
$2.07M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
21,000 SF
Lot area
23.51 ac
Year built
1976
Stories
2
APN
442689 7.00-4-5
Zoning
01 - NOT ZONED
Assessed value
$1,517,000
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.64M
Range $1.10M – $2.54M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.88M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+27%
vs current-use indication
Commercial (general)
Restaurant · current use
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.00M
Move the market yield to see immediate price impact.
Value / SF
$95
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$126k
$2.52M
$1.80M
$1.40M
$140k
$2.80M
$2.00M
$1.56M
$154k
$3.08M
$2.20M
$1.71M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Assessed value
$1,517,000
Assessed 2023
Previous assessed
$1,517,000
+0.0% YoY
Assessed land
$168,000
Assessed improvement
$1,349,000
Land market value
$193,103
Improvement market value
$1,550,575
Total market value
$1,743,678
Applied tax rate
442,401.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1976
Heating
STEAM
Cooling
CENTRAL
Stories
2
Total area
21,000 SF
Lot
23.51 ac (1,024,096 SF)
Zoning code
01 - NOT ZONED
APN
442689 7.00-4-5
UPID
US63-1267867
Jurisdiction
SCHUYLER
Zoning & alternative use
01 - NOT ZONED · Hector, NYZoning 01 - NOT ZONED · permitted uses
01 - NOT ZONED · Hector, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Heating
STEAM
Cooling
Yes
Stories
2
Lot
23.51 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
01 - NOT ZONED
Jurisdiction
Hector, NY
Recorded code
01 - NOT ZONED
Ownership Intelligence
Find the owner behind the property.
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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