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    356 Gabel Road Callicoon, NY 12723

    View on Map
    For Sale
    $2,995,000

    LAND - Callicoon, NY

    Lot size:
    60.32 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    17
    Last Refresh:
    Apr 1 at 8:06 am

    Property Features for 356 Gabel Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    60.32 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    37545

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank, Septic Needed
    Water source
    Well
    Water front features
    Pond
    Water front
    1

    Building Details

    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Carol Malek

    Listing agent Carol Malek License #31MA1121533

    Listing office Malek Properties 10 Waldheim Rd, White Lake, NY

    Listing date Mar 16, 2026

    MLS# 971998

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

    Overview

    60-Acre Subdivision Opportunity in Callicoon

    This unique offering features a 9-lot subdivision on over 60 acres in Callicoon, NY. The package includes two modern farmhouses (one complete, one in progress), an updated 1890s farmhouse, two barns, and six shovel-ready lots. The two homes are ready for immediate sale. The sites range from 4 to 12 acres, suitable for gardening and enjoying a country lifestyle. Each parcel is strategically situated for exposure, views, and privacy. Homesites are approved, shovel-ready, and engineered. The original farmhouse with barns and pond was envisioned as a hub for amenities for the residents. The SUGi Project was consulted during the planning process, with plans for creating a pocket forest available. A private road to interior lots is cut in, and some lots offer the possibility of a walk-out basement and/or a pond site. Underground electricity and cable are in the works. The property is near the Delaware River, Bethel Woods, breweries, cideries, dining, skiing, lakes, hiking trails, and other Sullivan County Catskills attractions. This development can be transformed into an upscale exclusive community with amenities or a private estate with guest homes and recreational opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Hotel & Motel Bed & Breakfast Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Callicoon
    County
    Sullivan
    State
    New York
    Longitude
    -74.993164
    Latitude
    41.747136

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    FAQs

    What type of property is this?
    Residential land & home lot - 9-lot subdivision with homes, barns, and shovel-ready lots.
    Where is this residential land & home lot located?
    The property is located at 356 Gabel Road Callicoon, NY.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: 9‑lot subdivision on 60+ acres featuring 2 modern farmhouses (one complete) and an updated original farmhouse.; Shovel‑ready lots are approved and engineered, offering immediate development potential.; Homesites range from 4 to 12 acres, strategically situated for optimal exposure, views, and privacy.
    (845) 798-2300
    We can help!
    Listing Contact
    Carol Malek
    Real Estate License ID: 31MA1121533
    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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