Add Listing
    For Sale
    • 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

    23 Furnace Street Little Falls, NY 13365

    View on Map
    Picture of Land at 23 Furnace Street, Little Falls, NY
    Pending
    Contact for pricing

    LAND - Little Falls, NY

    Lot size:
    0.11 Acres
    Added:
    Sep 7, 2025
    Days on Market:
    211
    Last Refresh:
    Apr 5 at 7:06 am

    Property Features for 23 Furnace Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Driveway
    Standard status
    Pending
    APN
    210900-114-068-0002-011-000-0000
    Lot size
    0.11 Acres

    We can help!

    Listing Contact
    Jessica Wright

    Listing agent Jessica Wright License #10401324820

    Listing office River Hills Properties LLC Barn 8211 State Route 12, barneveld, NY

    Listing date Sep 7, 2025

    MLS# S1636229

    Copyright © 2026 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

    Vacant Land in Little Falls

    This 0.1148-acre parcel of vacant land is located in Little Falls, NY. The lot features a mix of open space and natural surroundings. It is positioned near local amenities and offers convenient access to main roads. This property is suitable for future development, recreation, or long-term investment. Intended uses, utility availability, and municipal requirements should be verified by the buyer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Falls
    County
    Herkimer
    State
    New York
    Longitude
    -74.864945
    Latitude
    43.041765

    Nearby Similar for Sale

    • $190,000
      8,104 SF

      Barn-Style Commercial Structure on 5 Acres

      Unique commercial property with barn, acreage, and roadside visibility.
      6262 State Route 5, Little Falls, NY 13365
      View Details
    • $190,000
      8,104 SF

      Barn-Style Commercial Structure on 5 Acres

      Unique commercial property with barn, acreage, and roadside presence.
      6262 State Route 5, Little Falls, NY 13365
      View Details
    • $279,900
      6,148 SF

      Established Restaurant with Scenic Views

      Long-standing restaurant property with living quarters and expansion potential.
      3622 State Route 167, Little Falls, NY 13365
      View Details
    • $499,900
      16,960 SF

      French Gothic Castle in Little Falls

      Unique 16,960 sqft French Gothic castle suitable for various purposes.
      5 & 9 Prospect Street, Little Falls, NY 13365
      View Details
    • $275,000

      Little Falls Commercial Building on 21 Acres

      Former auto sales facility on 21 acres with Route 5 frontage.
      6537 State Rte 5, Little Falls, NY 13365
      View Details
    • $125,000
      3,916 SF

      Little Falls Multifamily Investment Opportunity

      Three-unit multifamily property in Little Falls with strong rental potential.
      32-34 Flint Avenue, Little Falls, NY 13365
      View Details
    • $125,000
      1,012 SF

      Commercial Space in Little Falls

      Corner commercial space with high traffic count in Little Falls.
      538 E Main st, Little Falls, NY 13365
      View Details
    • $499,900
      16,960 SF

      French Gothic Castle Opportunity

      Unique mixed-use property with potential for residential and commercial ventures.
      5 & 9 Prospect Street, Little Falls, NY 13365
      View Details
    • $129,900
      1,526 SF

      Two-Unit Property in Little Falls

      Charming two-unit property with income potential in Little Falls.
      82 W Monroe Street, Little Falls, NY 13365
      View Details
    • $49,900
      980 SF

      Little Falls Acreage with Utilities

      1.08-acre parcel near Little Falls with electric setup.
      3170 State Route 5s, Little Falls, NY 13339
      View Details
    • $139,500
      2,167 SF

      Two-Family Home with Garage

      Two-family home featuring updates, yard, and a three-stall garage.
      50 Hancock Street, Little Falls, NY 13365
      View Details
    • $200,000
      8,104 SF

      88 Acres of Scenic Land

      Expansive 88-acre parcel near Little Falls with valley views.
      State Route 5 lot: 57, Little Falls, NY 13365
      View Details

    FAQs

    What type of property is this?
    Land - Versatile vacant land parcel suitable for development or investment.
    Where is this land located?
    The property is located at 23 Furnace Street Little Falls, NY.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Versatile vacant land suitable for development, recreation, or investment.; Desirable location with a mix of open space and natural surroundings.; Convenient access to local amenities.
    (315) 725-2104
    We can help!
    Listing Contact
    Jessica Wright
    Real Estate License ID: 10401324820
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!