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    9516 Gas Springs Road Canaseraga, NY 14822

    View on Map
    For Sale
    $79,900

    LAND - Other - Canaseraga, NY

    Lot size:
    3.36 Acres
    Added:
    Sep 5, 2025
    Days on Market:
    209
    Last Refresh:
    Apr 1 at 8:06 am

    Property Features for 9516 Gas Springs Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Patio and Porch features
    Deck
    Interior features
    EatInKitchen, Loft
    Exterior features
    Deck, GravelDriveway, PropaneTankOwned
    Appliances
    Refrigerator
    Standard status
    Active
    APN
    024089-072-000-0003-005-160-0000
    Lot size
    3.36 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    417

    Building Details

    Building materials
    Frame, WoodSiding
    Roof type
    Metal
    Architectural style
    Other
    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 5, 2025

    MLS# S1635845

    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

    Secluded Cabin Bordering State Forest

    This secluded cabin is situated on 3.36 acres bordering Gas Springs State Forest in Canaseraga, Allegany County, NY. The property features a well-built one-bedroom cabin with a loft, perfectly positioned on a secluded parcel that directly borders the state forest. A deeded easement from Gas Springs Road provides access to the private cabin, which is surrounded by a mix of hardwoods and softwoods, creating an excellent wildlife habitat and ensuring privacy. The cabin has an open-concept layout with a spacious bedroom and a half-bath on the main level, along with a loft that offers additional sleeping space. A newer mini-split heating and cooling system ensures comfort throughout the year, and a fire-view wood stove provides additional warmth. Outside, there is a large open deck and unique outdoor amenities, including an enclosed shower with propane on-demand hot water, a rainwater collection system with storage, and an on-site outhouse. The yard includes a designated fire pit area, offering a comfortable space to relax and enjoy the outdoors. Surface rights convey with the property. The brushy areas and thick cover attract whitetail deer, making it an outstanding opportunity for sportsmen. This cabin provides a true secluded escape with direct access to state land.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Suggested Use

    Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Canaseraga
    County
    Allegany
    State
    New York
    Longitude
    -77.831416
    Latitude
    42.413773

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Hunting land - Cabin on 3 acres bordering Gas Springs State Forest.
    Where is this hunting land located?
    The property is located at 9516 Gas Springs Road Canaseraga, 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: Directly borders Gas Springs State Forest, providing immediate access to outdoor recreation and hunting opportunities.; Secluded 3‑acre property ensures privacy and a peaceful escape.; Well‑built cabin with open‑concept layout, spacious bedroom, and loft for additional sleeping space.
    (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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