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    02 Hitchcock Point Road Bridgeport, NY 13037

    View on Map
    For Sale
    $99,000

    LAND - Bridgeport, NY

    Lot size:
    2.90 Acres
    Added:
    Sep 29, 2025
    Days on Market:
    185
    Last Refresh:
    Apr 1 at 3:06 pm

    Property Features for 02 Hitchcock Point Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Driveway
    Appliances
    ElectricWaterHeater, PropaneWaterHeater
    Standard status
    Active
    APN
    254889-003-0000-001-002-007-0000
    Lot size
    2.90 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    1400

    Utilities

    Heating system
    Propane (Heating), Electric (Heating)
    Water source
    Public

    We can help!

    Listing Contact
    Donna Marando
    Donna Marando

    Listing agent Donna Marando License #30MA0754925

    Listing office Berkshire Hathaway CNY Realty 100 Metropolitan Park Drive Suite 600, Liverpool, NY

    Listing date Sep 29, 2025

    MLS# S1641412

    Copyright © 2025 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land Near Oneida Lake

    Available are four home sites near Oneida Lake, suitable for custom building a new home. The lots range between 2.5 and 5 acres, each featuring over 200 feet of frontage. Buyers have the freedom to select their own builder. The location is near marinas, offering convenient access to water activities. Water, electric, and sewer services are available at the road. Gas lines are in close proximity, and National Grid can be consulted regarding extending gas service to the property. The location is suitable for boating and snowmobiling. Situated in a rural setting, the property is approximately 20 minutes from Syracuse and has convenient access to highways. One of the available lots is 2.903 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Big Box & Wholesale Store Kitchen & Bath Showroom Bar & Pub Electrical Service Travel Agency Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Onondaga
    State
    New York
    Longitude
    -75.975098
    Latitude
    43.171061

    Nearby Similar for Sale

    • $135,000

      Residential Land Near Oneida Lake

      Home sites near Oneida Lake, suitable for custom building.
      01 Hitchcock Point Road, Bridgeport, NY 13037
      View Details
    • $85,000

      Acreage Lots Near Oneida Lake

      Five lots available for custom home construction near Oneida Lake.
      03 Hitchcock Point Road, Bridgeport, NY 13037
      View Details
    • $130,000

      Home Sites Near Oneida Lake

      Residential land near Oneida Lake with utilities and marina access.
      05 Hitchcock Point Road, Bridgeport, NY 13037
      View Details
    • $550,000

      Prime Commercial Land Opportunity

      300+ acre site suitable for diverse commercial development.
      606 NY-31, Bridgeport, NY
      View Details
    • $199,900

      Land Near Chapman Park

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

    FAQs

    What type of property is this?
    Land - Home sites near Oneida Lake, suitable for custom building.
    Where is this land located?
    The property is located at 02 Hitchcock Point Road Bridgeport, NY.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: Large Lots: 2.5‑5 acre home sites with 200+ frontage.; Choose Your Own Builder: Freedom to customize your new home.; Utilities Available: Water, electric, and sewers at the road; gas lines nearby.
    (315) 430-6150
    We can help!
    Listing Contact
    Donna Marando
    Donna Marando
    Real Estate License ID: 30MA0754925
    Learn More
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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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