Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corner Lot in Au Sable Acres Title is generated by Realmo AI

    186 lot Spruce Lane, Jay, NY 12941

    View on Map
    Claim this Listing
    For Sale
    $35,000

    LAND - Jay, NY

    Type:Single Family Residence
    Lot size:
    0.80 Acres
    Added:
    Apr 20, 2025
    Days on Market:
    409
    Last Refresh:
    Jun 2 at 6:06 am

    Property Features for 186 lot Spruce Lane

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    17.42-1-20.000
    Lot size
    0.80 Acres

    Taxes and HOA fees

    Tax Annual Amount
    466

    Utilities

    Utilities
    Phone Available
    Sewer type
    Septic Needed
    Water source
    Public

    We can help!

    Listing Contact
    Amy Shalton

    Listing agent Amy Shalton

    Listing office B.A. Straight Real Estate PO Box 72 99 Valley Road, Jay, NY

    Listing date Apr 20, 2025

    MLS# 204360 Listing URL

    Copyright © 2026 Adirondack Champlain Valley MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large wooded corner lot (0.80 acre) suitable for home or vacation rental.
    • Walking distance to Lake Eaton with Pavilion, Park, Playground, and tennis/bocce ball courts.
    • Low annual association fee ($75) grants access to extensive hiking, walking, and cross‑country ski trails.
    • Easy access to utilities: Electric, Phone, Cable, and Public Water available at roadside.
    • Close proximity to Whiteface Mountain for skiing.
    • Minutes from Lake Placid.

    Overview

    This wooded 0.80-acre corner lot is located on the loop of Spruce Lane in Au Sable Acres. The property is suitable for a home or vacation rental. Lake Eaton is within walking distance, and amenities include a pavilion, park, playground, and tennis/bocce ball courts. Electric, phone, cable, and public water utilities are easily accessible at the roadside. Joining the association for $75 per year grants access to miles of hiking, walking, and cross-country ski trails. Whiteface Mountain is nearby for skiing, and Lake Placid is just minutes away.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Jay
    County
    Essex
    State
    New York
    Longitude
    -73.7107
    Latitude
    44.3553

    Nearby Similar for Sale

    • $599,000
      2,100 SF

      Adirondack Mixed-Use Investment Opportunity

      Turn-key mixed-use property near Whiteface and Lake Placid.
      97 Danielle Road, Jay, NY 12941
      View Details
    • $31,500

      Level Building Lot in Jay

      Residential land with utilities and recreational access near Whiteface.
      Dogwood Street, Jay, NY 12941
      View Details
    • $29,000

      Ausable Acres Building Lot

      Residential building lot with mountain views and recreational access.
      Tract 38 Hochsteig Lane, Jay, NY 12941
      View Details
    • $32,000

      Ausable Acres Land For Sale

      0.9-acre lot in Ausable Acres community with amenities.
      Evergreen Lane, Jay, NY 12941
      View Details
    • $27,500

      Level Wooded Lot in Jay

      Wooded lot with perc test and septic plans completed.
      Sequoia Mountain Lane, Jay, NY 12941
      View Details
    • $179,000

      Land with APA Approved Site

      14.4 acres with approved building site near Lake Placid.
      369 Upper Jay-Trumbulls Corners Road, Jay, NY 12941
      View Details
    • $174,900

      12 Acre Building Lot

      12+ acre residential building lot with mountain views.
      571 Stickney Bridge Road, Jay, NY 12941
      View Details
    • $62,100

      Residential Lot in Ausable Acres

      0.8 acre vacant lot ready for your dream home.
      River Road, Jay, NY 12941
      View Details
    • $105,000

      Build-Ready Lot Near Whiteface Mountain

      Improved lot ready for your dream home or vacation rental.
      109 Ridge Top Road, Jay, NY 12941
      View Details
    • $27,000

      Ausable Acres Wooded Lot

      0.9-acre wooded lot in Ausable Acres community, Jay, NY.
      Dogwood Street, Jay, NY 12941
      View Details
    • $31,500

      Ausable Acres Building Lot

      One-acre building lot near Ausable River and trails.
      38 Algonquin Lane, Jay, NY 12941
      View Details
    • $275,000

      Adirondack Land with Mountain Views

      25.82 acres with approved building site near Whiteface Mountain.
      Wildernesscapes Way lot: 2, Jay, NY 12941
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Wooded 0.80-acre corner lot near Lake Eaton and Whiteface Mountain.
    Where is this residential land & home lot located?
    The property is located at 186 lot Spruce Lane Jay, NY.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: Large wooded corner lot (0.80 acre) suitable for home or vacation rental.; Walking distance to Lake Eaton with Pavilion, Park, Playground, and tennis/bocce ball courts.; Low annual association fee ($75) grants access to extensive hiking, walking, and cross‑country ski trails.
    (518) 569-6997
    We can help!
    Listing Contact
    Amy Shalton
    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.
    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

    Thank You for Inquiry
    186 lot Spruce Lane, Jay, NY 12941
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!