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    12 Acres in New Berlin Title is generated by Realmo AI

    1.5 County Road 29, New Berlin, NY 13411

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    For Sale
    $75,995

    Vacant Land - New Berlin, NY

    Lot size:
    12.00 Acres
    Added:
    Oct 9, 2025
    Days on Market:
    221
    Last Refresh:
    May 17 at 6:06 am

    Property Features for 1.5 County Road 29

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    900
    Parking features
    Garage
    Standard status
    Active
    Lot size
    12.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2081

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Daniel Christmas

    Listing agent Daniel Christmas

    Listing office CHRISTMAS AND ASSOCIATES INC 23 Main Street, Camden, NY

    Listing date Oct 9, 2025

    MLS# 11587971 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

    • 12‑acre property with open meadows and hickory forest, featuring an ideal building site.
    • Borders Millbrook Reservoir, offering year‑round recreational activities and park amenities.
    • Conveniently located near Skinner Hill State Forest, providing access to hundreds of acres for outdoor activities.
    • County road frontage and available power, suitable for a country home, getaway, or cabin.
    • Offers sweeping views of the surrounding countryside and miles of old logging roads for exploration.
    • Accessible location: two hours from Scranton, four hours from New York City and Philadelphia.

    Overview

    This 12-acre property, situated in New York's Southern Tier, features a combination of open meadows and hickory forest. An ideal building site is located among the trees. The property offers views of the surrounding countryside and is located along a paved Chenango County road near hundreds of acres of state land, including Skinner Hill State Forest. Miles of old logging roads wind through the forest, suitable for hiking, hunting, cross-country skiing, and mountain biking. Millbrook Reservoir borders the back of the property, providing opportunities for swimming, kayaking, fishing, camping, and picnicking. The park also offers amenities such as a playground, pavilions, restrooms and basketball courts. With county road frontage and available power, the property is suited for a country home, weekend getaway, or four-season cabin. It is located two hours from Scranton and about four hours from New York City or Philadelphia.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    New Berlin
    County
    Chenango
    State
    New York
    Longitude
    -75.371971
    Latitude
    42.626819

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    FAQs

    What type of property is this?
    Land - Land with meadows, forest, recreation, and building potential.
    Where is this land located?
    The property is located at 1.5 County Road 29 New Berlin, NY.
    What is the asking price?
    The asking price for this property is $75,995.
    What are key features of this property?
    This property features: 12‑acre property with open meadows and hickory forest, featuring an ideal building site.; Borders Millbrook Reservoir, offering year‑round recreational activities and park amenities.; Conveniently located near Skinner Hill State Forest, providing access to hundreds of acres for outdoor activities.
    (800) 229-7843
    We can help!
    Listing Contact
    Daniel Christmas
    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.

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