Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land for Country Living Title is generated by Realmo AI

    VL #4 Summit Rd, Cuba, NY 14727

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Vacant Land - Cuba, NY

    Lot size:
    3.26 Acres
    Added:
    Dec 29, 2025
    Days on Market:
    142
    Last Refresh:
    May 20 at 10:06 am

    Property Features for VL #4 Summit Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    024889-181.000-0001-009.001
    Lot size
    3.26 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Paul Vaicunas

    Listing agent Paul Vaicunas

    Listing office WHITETAIL PROPERTIES REAL ESTATE LLC (NY) 121 SOUTH MADISON ST, PITTSFIELD, NY

    Listing date Dec 29, 2025

    MLS# 11623059 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.

    HighLights

    • Convenient location: Minutes from Cuba and Friendship, and only 2.6 miles to I‑86 for easy access to Olean and Hornell.
    • Enjoy southern exposure & privacy in a country living setting, on one of four available lots.
    • Utilities available: Electric service and internet are available at the road.
    • Ready to build: Gently sloped, high and dry land previously used as an ag field.
    • Timber and GMO rights convey.
    • Hobby farm potential: Suitable for hobby farming or a farmette, with the possibility of combining lots.

    Overview

    Located minutes east of Cuba and west of Friendship, this 3.26-acre lot offers a southern exposure suitable for enjoying country living in Allegany County. The property features views and road frontage maintained by a designated county route (CR 20), also known as the Cuba Friendship Road. Electric service and internet are available at the road. The land, previously an agricultural field with hedge rows, requires minimal landscaping for home construction. The gently sloped property is high and dry, making it suitable for building. It is 4.05 miles from Cuba and 2.43 miles from Friendship, providing convenient access to amenities. The Southern Tier Expressway (I-86) is 2.6 miles away, offering access to Olean and Hornell. Hobby farming or starting a farmette could be considered. Timber and GMO rights convey with the land.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Cuba
    County
    Allegany
    State
    New York
    Longitude
    -78.2916
    Latitude
    42.2098

    Nearby Similar for Sale

    • $78,000
      792 SF

      Cabin on 5 Acres Land

      Cabin on 5 acres near state land in Cuba, NY.
      9705 White Meeting House Road, Cuba, NY 14727
      View Details
    • $95,000

      Versatile Land Parcel in Cuba, NY

      39.6 acre parcel with open space and hardwoods.
      Moulton Road, Cuba, NY 14727
      View Details
    • $99,000
      508 SF

      Remodeled Cottage on Secluded Lot

      Cozy, remodeled cottage on a secluded 3.4-acre lot.
      9240 Hoyett Road, Cuba, NY 14727
      View Details
    • $24,900

      Vacant Land in Allegany County

      3.64 acres of vacant land near Cuba and Friendship, NY.
      VL #3 CR 20, Cuba, NY 14727
      View Details
    • $29,900

      Land for Country Living

      Vacant land near Cuba and Friendship, NY, with utilities available.
      VL #1 CR 20, Cuba, NY 14739
      View Details
    • $29,900

      Land in Allegany County, NY

      Vacant land suitable for building a dream home.
      VL #2 CR 20, Cuba, NY 14727
      View Details
    • $66,900

      22.3 Acres Vacant Land Opportunity

      22.3-acre property with agricultural and development potential.
      VL Beebe Hill Rd, Cuba, NY 14727
      View Details
    • $28,900

      9-Acre Building Lot with Creek

      9-acre building lot with creek near Cuba Lake and Casino.
      9079 Stout Road, Cuba, NY 14727
      View Details
    • $59,900

      Prime Tillable Acreage in Cuba

      16.85 acres of level land ideal for agriculture.
      VL Summit Rd, Cuba, NY 14727
      View Details
    • $32,000

      Hinsdale, NY Near 11 Acres

      Near 11 acre parcel in a rural, quiet location.
      3233 Haskell Road, Cuba, NY 14727
      View Details
    • $11,900

      One Acre Building Lot

      One acre building lot perfect for a new home.
      8935 Stout Road, Cuba, NY 14727
      View Details
    • $134,999

      Vacant Land on Route 446

      4+/- acre vacant land with utilities and highway access.
      35 Water Street, Cuba, NY 14727
      View Details

    FAQs

    What type of property is this?
    Land - Vacant land near Cuba, NY, ideal for building a home.
    Where is this land located?
    The property is located at VL #4 Summit Rd Cuba, NY.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Convenient location: Minutes from Cuba and Friendship, and only 2.6 miles to I‑86 for easy access to Olean and Hornell.; Enjoy southern exposure & privacy in a country living setting, on one of four available lots.; Utilities available: Electric service and internet are available at the road.
    (716) 515-5388
    We can help!
    Listing Contact
    Paul Vaicunas
    Real Estate License ID: 10401339999
    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

    Thank You for Inquiry
    VL #4 Summit Rd, Cuba, NY 14727
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!