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    5218 Saunders Hill Road Belmont, NY 14813

    View on Map
    Pending
    $79,900

    LAND - Belmont, NY

    Lot size:
    35.90 Acres
    Added:
    Sep 24, 2025
    Days on Market:
    190
    Last Refresh:
    Apr 1 at 3:06 am

    Property Features for 5218 Saunders Hill Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Patio and Porch features
    Porch
    Interior features
    CeilingFans, EatInKitchen
    Exterior features
    GravelDriveway
    Appliances
    GasCooktop, Refrigerator
    Standard status
    Pending
    APN
    022889-173-000-0001-041-000-0000
    Lot size
    35.90 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    2274

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air, Propane (Heating)
    Water source
    Well

    Building Details

    Flooring type
    Carpet, Varies, Laminate
    Building materials
    AluminumSiding
    Roof type
    Metal
    Additional Structures
    Shed(s)

    We can help!

    Listing Contact
    Girard Kelly

    Listing agent Girard Kelly License #10311209114

    Listing office Landquest Inc. 3 W Main St. PO Box 275, Dryden, NY

    Listing date Sep 24, 2025

    MLS# S1640392

    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

    Hunting Camp Bordering State Land

    This 35.9-acre property in Belmont, Allegany County, NY, presents an excellent hunting camp opportunity, bordering state land. The acreage features a mix of hardwoods and pine trees, including mature oak and hickory trees, providing forage for whitetail deer and turkey. Wildlife signs are abundant throughout, making the property ideal for hunters. Tree stands are already in place, along with an established side-by-side trail for easy access across the land. The property directly borders 1,666 acres of Plumbottom State Forest, providing access to additional hunting and recreation opportunities. The camp includes a travel trailer with a large, attached living room addition, plus a mudroom and storage area. The travel trailer is protected by a wooden structure with a roof. Inside are living accommodations with a kitchen, sleeping quarters, and a bathroom. The property has valley views, and the fall season brings vibrant leaf colors. The property sits along a maintained year-round road with fiber optic available at the roadside. Surface rights convey, and the camp and property are being sold as-is. It is suited for hunting, views, or a quiet escape in the woods.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Suggested Use

    Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Belmont
    County
    Allegany
    State
    New York
    Longitude
    -77.986087
    Latitude
    42.221992

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    FAQs

    What type of property is this?
    Hunting land - 35.9-acre hunting camp bordering 1,666-acre state forest in Belmont, NY.
    Where is this hunting land located?
    The property is located at 5218 Saunders Hill Road Belmont, NY.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: Borders 1,666 acres of Plumbottom State Forest, providing extensive hunting and recreational access.; Excellent hunting property with abundant wildlife signs and established tree stands.; Comfortable hunting camp featuring a travel trailer with living room addition, mudroom, kitchen, sleeping quarters, and bathroom.
    (585) 466-3446
    We can help!
    Listing Contact
    Girard Kelly
    Real Estate License ID: 10311209114
    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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