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    6689-7 Ny-30 Indian Lake, NY 12842

    View on Map
    Sponsored
    Pending
    $329,000

    LAND - Indian Lake, NY

    Lot size:
    89.00 Acres
    Days on Market:
    15
    Last Refresh:
    Mar 26 at 2:06 pm

    Property Features for 6689-7 Ny-30

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Spa
    1
    APN
    56.017-3-11.100-7
    Lot size
    89.00 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Needed
    Water source
    Public
    Water front features
    Waterfront, River Front
    Water front
    1

    We can help!

    Listing Contact
    Peter Day

    Martha Day Realty, Inc.

    Listing agent Peter Day

    Listing date Mar 12, 2026

    MLS# 204958 Listing URL

    Copyright © 2026 Adirondack Champlain Valley 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

    Overview

    89 Acres Adirondack Waterfront Land

    This 89-acre property offers a rare opportunity to live along a wilderness river in the Adirondacks, ensuring privacy with almost one mile of waterfront on the Cedar River, known for trout fishing, paddling, and wildlife. An elevated, approved building location provides views of the river, distant mountains, and meadows. The property is a short distance from Gore Mountain Ski Area, Indian Lake, and the Moose River Plains Wilderness area, with a groomed snowmobile trail nearby. It features an APA-approved buildable single-family residence with approved septic plans, offering endless possibilities for building a riverside dream home or log cabin. Potential uses include a homestead, hunters' paradise, sportsman retreat, or outdoor enthusiasts' dream. There is no HOA. The property is 20 miles from Gore Mountain and Oak Mountain, and 2 miles from the center of town, which offers local restaurants, fuel, hardware, antique shops, a theatre, axe throwing, indoor golf, shops, and a market. The Cedar River is suitable for trout and bass fishing, swimming, canoeing, kayaking, and rafting. Indian Lake, the center of the Adirondacks, is near 46 peaks for climbing and top hiking trails. The night sky offers views of the stars and Milky Way with minimal light pollution. Snowmobiling is accessible via the nearby C8 Trail. Indian Lake and Blue Mountain Lake are boating lakes, with smaller lakes nearby including Lake Durant, Lake Abanakee, and Adirondack Lake. The property is also near Raquette Lake, Long Lake, and Big Moose Lake. Indian Lake is known as the Whitewater Capital of New York State. The main roads are plowed and maintained well during the winter months.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Indian Lake
    County
    Hamilton
    State
    New York
    Longitude
    -74.300146
    Latitude
    43.786572

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 89 acres with waterfront on the Cedar River.
    Where is this agricultural land / farmland located?
    The property is located at 6689-7 Ny-30 Indian Lake, NY.
    What is the asking price?
    The asking price for this property is $329,000.
    What are key features of this property?
    This property features: - 89 acres with almost 1 mile of waterfront on the Cedar River; - APA-approved buildable single-family residence with approved septic plans; - Proximity to Gore Mountain Ski Area and Moose River Plains Wilderness area
    (518) 572-4165
    Request Owner's contact information
    6689-7 Ny-30 Indian Lake, NY 12842
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    Indian Lake, NY 12842
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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
    6689-7 Ny-30 Indian Lake, NY 12842
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    Peter Day
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