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

    Panorama Lot 19 Drive Saranac Lake, NY 12983

    View on Map
    For Sale
    $59,900

    LAND - Saranac Lake, NY

    Lot size:
    0.78 Acres
    Added:
    Feb 10, 2026
    Days on Market:
    50
    Last Refresh:
    Apr 1 at 1:06 am

    Property Features for Panorama Lot 19 Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    32.029-1-19.000
    Lot size
    0.78 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    2202

    We can help!

    Listing Contact
    Jodi Gunther

    Listing agent Jodi Gunther

    Listing office Adirondack Premier Properties Berkshire Hathaway HomeService 2429 Main Street, Lake Placid, NY

    Listing date Feb 10, 2026

    MLS# 206549 Listing URL

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

    Overview

    Residential Land in Saranac Lake

    These residential building lots are located in the Mt Pisgah park subdivision. The lots feature a gentle rise, offering opportunities for mountain and village views. The picturesque nature of the area makes it a commonly used location for photo opportunities. A PERC test has been completed, and the lots are ready for development to create a dream home. The property is easily accessible. With only a couple of lots available for development in Saranac Lake, this 0.78-acre lot presents a unique opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Saranac Lake
    County
    Franklin
    State
    New York
    Longitude
    -74.128316
    Latitude
    44.338138

    Nearby Similar for Sale

    • $758,000
      2,550 SF

      Versatile Commercial Property, Saranac Lake

      Meticulously maintained commercial property in Saranac Lake's 'Million Dollar Mile'.
      559 Lake Flower Ave, Saranac Lake, NY 12983
      View Details
    • $299,000

      Saranac Lake Development Opportunity

      0.8-acre commercial land with high visibility and water views.
      22 Colony Court, Saranac Lake, NY 12983
      View Details
    • $499,950
      2,673 SF

      Updated Triplex in Saranac Lake

      Immaculate, turnkey 3-unit property with strong rental income.
      101 Margaret Street, Saranac Lake, NY 12983
      View Details
    • $395,000

      Saranac Lake Land Opportunity

      9.95 acres with river access near downtown Saranac Lake.
      48-68 Ledge Lane, Saranac Lake, NY 12983
      View Details
    • $459,900
      3,687 SF

      Saranac Lake Multi-Unit Investment

      Two buildings, four units, generating income with upside potential.
      223+225 Neil Street, Saranac Lake, NY 12983
      View Details
    • $450,000
      7,562 SF

      Saranac Lake Mixed-Use Opportunity

      Versatile building in vibrant Adirondack community, ideal for redevelopment.
      15 Brandy Brook Avenue Saranac Lake, NY 12983
      View Details
    • $699,000
      7,192 SF

      Mixed-Use Building in Downtown Saranac

      Iconic mixed-use property with commercial and residential spaces.
      36 Broadway, Saranac Lake, NY 12983
      View Details
    • $1,999,000
      7,736 SF

      Adirondack Golf and Country Club

      Historic golf course with development potential in the Adirondacks.
      125 County Route 46, Saranac Lake, NY 12983
      View Details
    • $595,000
      3,638 SF

      Established Restaurant and Bar Opportunity

      Turnkey restaurant and bar for sale in Saranac Lake.
      74 Main Street, Saranac Lake, NY 12983
      View Details
    • $349,000

      Waterfront Land in Oseetah Woods

      6.33-acre waterfront parcel with access to Saranac Lake waterways.
      Oseetah Woods Road lot: 7, Saranac Lake, NY 12983
      View Details
    • $110,000

      Residential Land in Saranac Lake

      One-acre residential building lot in Saranac Lake, New York.
      Glenwood Drive, Saranac Lake, NY 12983
      View Details
    • $125,000

      Saranac Lake Building Lot

      Sunny, level 5+ acre lot near Adirondack attractions.
      00 Lands End Road, Saranac Lake, NY 12983
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Building lots with mountain views, ready for development.
    Where is this residential land & home lot located?
    The property is located at Panorama Lot 19 Drive Saranac Lake, NY.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: Ready for development: PERC test completed.; Mountain and village view opportunities.; Picturesque location in Mt Pisgah park subdivision.
    (518) 524-6175
    We can help!
    Listing Contact
    Jodi Gunther
    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!