Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8 Rocky Ridge Road Amsterdam, NY 12010

    View on Map
    Claim this Listing
    Pending
    $69,900

    LAND - Amsterdam, NY

    Lot size:
    2.09 Acres
    Added:
    May 12, 2025
    Days on Market:
    350
    Last Refresh:
    Apr 26 at 11:06 pm

    Property Features for 8 Rocky Ridge Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    412200 223.-1-11.114
    Lot size
    2.09 Acres

    Taxes and HOA fees

    Tax Annual Amount
    900

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Deana Mancini
    Deana Mancini

    Listing agent Deana Mancini License #10491208635

    Listing office Mohawk Mills Real Estate Group 2 Guy Park Ave., Amsterdam, NY

    Listing date May 12, 2025

    MLS# 202517204 Listing URL

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

    Overview

    Approved Building Lot with Well

    This 2.09-acre approved building lot is surrounded by new homes in the Town of Charlton, within the Galway School District. The level lot features younger trees, simplifying clearing and site preparation. A well is already drilled on-site, yielding 5 gallons per minute. Engineered septic plans are available. Electric service is accessible at the road. Located on a private and quiet road, the property offers convenient access to Route 67, facilitating an easy commute. The property has no wetlands, making it suitable for building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Spa & Massage Center Hair Salon Nail Salon (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Amsterdam
    County
    Montgomery
    State
    New York
    Longitude
    -74.066951
    Latitude
    42.977831

    Nearby Similar for Sale

    • $145,000
      3,807 SF

      Versatile Commercial Space Near Train

      3,800+ SF commercial space suitable for manufacturing, warehousing, or storage.
      8 Yeoman Street, Amsterdam, NY 12010
      View Details
    • $175,000
      8,000 SF

      Versatile Warehouse and Office Space

      8,000 sq ft warehouse/office building on a 0.33-acre lot.
      11 Edward Street, Amsterdam, NY 12010
      View Details
    • $449,000
      3,808 SF

      Income-Producing Four-Unit Multifamily Property

      Fully occupied four-unit building with consistent rental history and immediate cashflow.
      14 Garfield Place unit: 14-16-18-20, Amsterdam, NY 12010
      View Details
    • $180,000
      8,760 SF

      Spacious Light-Industrial Building on NY-5

      8,760 sq ft commercial building with high-traffic visibility.
      397 West Main Street, Amsterdam, NY 12010
      View Details
    • $450,000
      10,300 SF

      Commercial Land in Amsterdam, NY

      Commercial land available in Amsterdam, New York.
      101 Erie Street, Amsterdam, NY 12010
      View Details
    • $340,000
      10,085 SF

      Historic Amsterdam Property for Renovation

      Charming property in Amsterdam, NY, offering unique renovation potential.
      49 E Main Street, Amsterdam, NY 12010
      View Details
    • $175,000

      Versatile Industrial Building in Amsterdam

      8,000 sq ft warehouse/office space on 0.33-acre lot.
      11 Edward Street, Call Listing Agent, NY 12010
      View Details
    • $160,000
      2,856 SF

      Amsterdam Duplex: Investor or Owner

      Duplex in Amsterdam, perfect for investors or owner-occupiers.
      3 Henrietta Street, Amsterdam, NY 12010
      View Details
    • $120,000
      5,540 SF

      Historic Amsterdam Mixed-Use Opportunity

      5540 SF mixed-use building ready for development in Amsterdam, NY.
      55 Broad Street, Amsterdam, NY 12010
      View Details
    • $75,000
      2,148 SF

      Amsterdam Multi-Unit Renovation Opportunity

      Multi-unit property in Amsterdam, NY, ideal for renovation.
      20 Voorhees Street, Amsterdam, NY 12010
      View Details
    • $22,000

      B1 Zoned Vacant Land Parcel

      Three combined parcels, B1 zoning, suitable for various uses.
      00 Lorraine Blvd, Amsterdam, NY 12010
      View Details
    • $185,000
      4,236 SF

      Four-Unit Multifamily Investment Opportunity

      Four-unit building with newer roof and long-term tenants.
      112-118 Grand Street, Amsterdam, NY 12010
      View Details

    FAQs

    What type of property is this?
    Land - 2.09-acre building lot with well, septic plans, electric access.
    Where is this land located?
    The property is located at 8 Rocky Ridge Road Amsterdam, NY.
    What is the asking price?
    The asking price for this property is $69,900.
    What are key features of this property?
    This property features: Approved building lot in desirable Galway School District.; Well already drilled on site, producing 5 gallons per minute.; Engineered Septic Plans are ready to go.
    (518) 774-5777
    We can help!
    Listing Contact
    Deana Mancini
    Deana Mancini
    Real Estate License ID: 10491208635
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!