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    53 Mountain Path North Creek, NY 12853

    View on Map
    For Sale
    $54,999

    Vacant Land - North Creek, NY

    Lot size:
    1.02 Acres
    Added:
    May 8, 2023
    Days on Market:
    1060
    Last Refresh:
    Apr 1 at 10:06 am

    Property Features for 53 Mountain Path

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    100
    Parking features
    Garage
    Standard status
    Active
    APN
    100.-2-8
    Lot size
    1.02 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Wayne Hartard
    Wayne Hartard

    Listing agent Wayne Hartard

    Listing office EXP REALTY 150 Motor Pkwy. SUITE 401, HAUPPAUGE, NY

    Listing date May 8, 2023

    MLS# 11172338 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.

    Overview

    North Creek Vacant Land Opportunity

    This is a rare opportunity to own a 1.02-acre lot in the Preserve at Gore Mountain. The property features one acre that has already been cleared, making it suitable for building a home or vacation getaway. The property provides direct access to trails and campsites. Residents can enjoy resort-style amenities, including a clubhouse, pool, saunas, a gym, and tennis/pickleball courts. Oven Mountain Pond is located nearby and includes a boat and canoe launch, with rowboats and electric motors permitted. The community is ATV and UTV friendly. The property is located near 51 Mountain Path, approximately 5 minutes from Gore Mountain and 30 minutes from Lake George.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Nail Salon Pharmacy Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    North Creek
    County
    Warren
    State
    New York
    Longitude
    -73.9027
    Latitude
    43.7289

    Nearby Similar for Sale

    • $998,000
      9,744 SF

      Iconic Lodge & Restaurant with Motel

      Turnkey hospitality operation near Gore Mountain Ski Resort.
      2999 NY-8, North Creek, NY 12853
      View Details
    • $59,900

      Residential Lot in Gore Mt Area

      Level building lot in luxury subdivision near Gore Mountain.
      204 Mountain Path, North Creek, NY 12853
      View Details
    • $49,900

      Residential Land Near Gore Mountain

      Approved building lot near North Creek and Gore Mountain.
      37 Main Street, North Creek, NY 12853
      View Details
    • $68,000

      Land Ready to Build

      Cleared building lot near Gore Mountain and North Creek, NY.
      30 Mohican Trail, North Creek, NY 12811
      View Details
    • $99,000

      Private Lot Near Gore Mountain

      Residential land with access to amenities and recreational activities.
      49 The Woods, North Creek, NY 12853
      View Details

    FAQs

    What type of property is this?
    Land - 1.02-acre lot near Gore Mountain with resort-style amenities.
    Where is this land located?
    The property is located at 53 Mountain Path North Creek, NY.
    What is the asking price?
    The asking price for this property is $54,999.
    What are key features of this property?
    This property features: 1.02‑acre lot in the desirable Preserve at Gore Mountain.; One acre already cleared, ready for building.; Direct access to scenic trails and campsites.
    (631) 708-5249
    We can help!
    Listing Contact
    Wayne Hartard
    Wayne Hartard
    Real Estate License ID: 10301215860
    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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