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    2742 State Hwy 26 Georgetown, NY 13072

    Sponsored
    For Sale
    $149,900

    Farm / Farmhouse, Residential - Georgetown, NY

    Type:Farm
    Property size:
    1,824 SF
    Lot size:
    1.34 Acres
    Days on Market:
    52
    Last Refresh:
    Jan 31 at 1:06 am

    Property Features for 2742 State Hwy 26

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    100
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Den, Kitchen, Living Room
    Bedrooms
    3
    Bathrooms
    2
    APN
    084400-025.000-0001-015.100
    Parking features
    Garage, Garage - Detached
    Basement Y/N
    1
    Appliances
    Refrigerator
    Size
    1,824 SF
    Lot size
    1.34 Acres

    Utilities

    Heating system
    Forced Air, Oil
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    1900
    Year renovated
    1900
    Floors in Building
    2
    Flooring type
    Carpet, Hardwood, Laminate
    Building materials
    Vinyl Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    John Myers

    WHITETAIL PROPERTIES REAL ESTATE LLC

    Listing agent John Myers (217) 285-9000

    Listing date Dec 11, 2025

    MLS# 11582103 Listing URL

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

    Learn more

    Property Insight Report

    Overview

    Country Farmhouse with Garage/Workshop

    This reasonably priced country farmhouse, built around 1900, offers approximately 1824 square feet of living space. The home includes 3 bedrooms and 1.5 baths. The main floor features a bedroom, full bath, a large eat-in kitchen, a living room, and two additional rooms suitable for use as bedrooms, an office, or a den. Upstairs, there is a large bedroom, another bedroom, a half bath, and a sitting area. The house is heated on the main floor by oil, forced air, and electric heat on the second floor. Utilities are located in the partial basement, which has a laid stone foundation. The house also features replacement vinyl windows, low-maintenance vinyl siding, and a metal roof. Adjacent to the house is a 36' x 60' two-story garage/workshop with a newer roof, offering opportunities as a garage, workshop, or hobby/studio. It includes 100 amp service for power, a concrete floor, an oil tank in place, and 3 overhead doors (2 extra tall and 1 regular size). The property is situated on 1.34 acres in an area known for wildlife conservation, with hunting in the nearby state forests and fishing on the Otselic River. Outdoor recreation opportunities include hiking, canoeing, and trails for snowmobiling. It is located less than 10 minutes from over 9,000 acres of New York state land, including Bucks Brook, Beaver Meadow, and Otselic State Forests. Amenities are available in Georgetown (4.5 miles), South Otselic (5.7 miles), and Norwich (18 miles). Additional restaurants, shopping, and entertainment can be found in Cortland (29 miles) and Binghamton (51 miles). New York City (George Washington Bridge) is 3.5 hours away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Georgetown
    County
    Madison
    State
    New York
    Longitude
    -75.732396
    Latitude
    42.709163

    FAQs

    What type of property is this?
    Farm - Farmhouse with garage/workshop, offering many opportunities.
    Where is this farm located?
    The property is located at 2742 State Hwy 26 Georgetown, NY.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: - Expansive 36' x 60' two-story garage/workshop featuring high ceilings, a concrete floor, 100 amp service, and 3 overhead doors (2 extra tall).; - Located in an area renowned for wildlife conservation, offering hunting, fishing, and outdoor recreation with access to over 9,000 acres of New York State land within 10 minutes.; - Circa 1900 farmhouse with ~1824 sq ft, 3 bedrooms, 1.5 baths, and a large eat-in kitchen.
    (607) 226-3110
    Request Owner's contact information
    2742 State Hwy 26 Georgetown, NY 13072
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    Georgetown, NY 13072
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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
    2742 State Hwy 26 Georgetown, NY 13072
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    We can help!
    Listing Contact
    John Myers
    (607) 226-3110
    Learn more
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