Sign Up Successful!
You now have access to more from Realmo!
    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

    Buchanan St Ilion, NY 13357

    Sponsored
    For Sale
    Pending
    $30,000

    LAND - Ilion, NY

    Lot size:
    13.60 Acres
    Days on Market:
    40
    Last Refresh:
    Jan 30 at 11:06 am

    Property Features for Buchanan St

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Vegetation
    Wooded
    APN
    119.60-1-44.1
    Parking features
    Driveway
    Lot size
    13.60 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Delbert Ball
    Delbert Ball

    Keller Williams Realty Syracuse (315) 701-6900

    Listing agent Delbert Ball (315) 701-6900 License #10401246417

    Listing date Dec 22, 2025

    MLS# S1651113 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Ilion Land For Sale

    This property offers 13.6 acres of land located within village limits. It presents an opportunity to build a new residence overlooking the valley. According to the listing, some site work may be required.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Ilion
    County
    Herkimer
    State
    New York
    Longitude
    -75.039451
    Latitude
    43.004043

    Nearby Similar for Sale

    • $380,000
      Pending

      Former Cheese Factory Opportunity

      25,031 sq ft commercial building suitable for various purposes.
      2745 St Rt 51, Ilion, NY 13357
      View Details
    • $380,000
      Pending

      Ilion Warehouse with Cooler Space

      25,031 sq ft warehouse with refrigerated space and loading dock.
      2745 St Rt 51, Ilion, NY 13357
      View Details
    • New
      $109,900
      Pending

      Updated Duplex in Mohawk Valley

      Two-unit property with newer furnaces and convenient location.
      56 Grove St, Ilion, NY 13357
      View Details
    • $399,000
      4,968 SF

      Established Restaurant Business and Building

      Turnkey restaurant with apartment and parking in Ilion, NY.
      154 E Main St, Ilion, NY 13357
      View Details
    • $85,000
      1,530 SF

      Two-Family Property in Ilion, NY

      Two-family property with immediate income and future upside potential.
      14 Grant St, Ilion, NY 13357
      View Details
    • New
      $109,900
      2,968 SF

      Mixed-Use Property in Ilion, NY

      Fully occupied mixed-use property featuring apartments and a barber shop.
      120 Otsego St, Ilion, NY 13357
      View Details
    • $259,000
      6,640 SF

      Fully Occupied Commercial Package Deal

      Two single-story commercial buildings in the heart of Ilion, NY.
      33 Central Plz, Ilion, NY 13357
      View Details
    • $142,000

      Turnkey Duplex Investment Opportunity

      Fully occupied duplex with two 3-bedroom units and updates.
      176 E Clark St, Ilion, NY 13357
      View Details
    • $269,000
      2,544 SF

      Downtown Ilion Retail Opportunity

      Former pharmacy with drive-thru, parking, and office space.
      10 Central Ave, Ilion, NY 13357
      View Details
    • $2,200,000
      13,813 SF

      Retail Property in Central Plaza

      Retail property available for sale in Ilion, New York.
      4 Central Plz, Ilion, NY 13357
      View Details
    • $82,500
      625 SF

      Ilion Restaurant - Turnkey Opportunity

      Established diner, fully equipped, high traffic location.
      9 Central Ave, Ilion, NY 13357
      View Details

    FAQs

    What type of property is this?
    Land - 13.6 acres of land within village limits.
    Where is this land located?
    The property is located at Buchanan St Ilion, NY.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: - Large 13.6-acre lot size.; - Opportunity to build a custom home.; - Located within village limits.
    (315) 868-3933
    Request Owner's contact information
    Buchanan St Ilion, NY 13357
    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.
    Buchanan St
    Ilion, NY 13357
    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
    Buchanan St Ilion, NY 13357
    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

    We can help!
    Listing Contact
    Delbert Ball
    Delbert Ball
    Real Estate License ID: 10401246417
    (315) 868-3933
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.