Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Expansive Land Parcel in Trumansburg Title is generated by Realmo AI

    Swamp College Road, Trumansburg, NY 14886

    View on Map
    Claim this Listing
    For Sale
    $440,000

    LAND - Trumansburg, NY

    Lot size:
    49.13 Acres
    Added:
    Dec 3, 2025
    Days on Market:
    168
    Last Refresh:
    May 20 at 10:06 am

    Property Features for Swamp College Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Driveway
    Vegetation
    Wooded
    Standard status
    Active
    APN
    503689-021-000-0001-006-000-0000
    Lot size
    49.13 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed, Well

    We can help!

    Listing Contact
    Lindsay Hart
    Lindsay Hart

    Listing agent Lindsay Hart License #10491209901

    Listing office RE/MAX In Motion 412 E Upland Rd, Ithaca, NY

    Listing date Dec 3, 2025

    MLS# R1652427 Listing URL

    Copyright © 2026 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.

    HighLights

    • Expansive 50‑acre parcel offers diverse development potential.
    • Prime location at the corner of Swamp College Road and Halseyville Road, near Trumansburg, Cornell University, Watkins Glen, and the Seneca Wine Trail.
    • Current agricultural leases provide steady revenue until December 2026.
    • Flexible zoning in a low‑density rural area.
    • Fertile fields are suitable for organic crops, orchards, or agri‑tourism ventures.
    • Water source available via well; septic system needed.

    Overview

    This expansive 50-acre parcel is located at the corner of Swamp College Road and Halseyville Road, just 3 miles from the Village of Trumansburg, 10 miles from Cornell University, 18 miles from Watkins Glen, and 16 miles from the Seneca Wine Trail. The property is suitable for various uses, including organic crops, eco-friendly estates, or a private sanctuary. Current agricultural leases are in place until December 2026, generating steady revenue. Potential ventures include row crops, orchards, or agri-tourism, such as a pick-your-own farm or event venue. The property is zoned for flexible use in a low-density rural area. The lot size is 49.13 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Trumansburg
    County
    Tompkins
    State
    New York
    Longitude
    -76.634823
    Latitude
    42.5096269

    Nearby Similar for Sale

    • $525,000
      6,200 SF

      Mixed-Use Commercial Opportunity in Trumansburg

      Rare 4.77-acre mixed-use property with flexible zoning.
      125 Cayuga St Ext, Ulysses, NY 14886
      View Details
    • $599,000
      2,880 SF

      Mixed-Use Property with Commercial Kitchen

      Mixed-use property with commercial kitchen and renovated apartment in Trumansburg.
      53 E Main Street, Trumansburg, NY 14886
      View Details
    • $480,000

      Trumansburg Land: Prime Real Estate

      16+ acres in Trumansburg, NY, ideal for development.
      E Seneca Road, Trumansburg, NY 14886
      View Details
    • $125,000

      Trumansburg Land with Development Potential

      6.5-acre parcel ideal for homesteading, farming, or recreational use.
      Perry City Road, Trumansburg, NY 14886
      View Details
    • $380,000

      Trumansburg Land with Development Potential

      10-acre lot in Trumansburg with development opportunities.
      South Street, Trumansburg, NY 14886
      View Details
    • $114,900

      Trumansburg Building Lot Opportunity

      Large village lot suitable for single or multi-family construction.
      20 Crescent Way, Trumansburg, NY 14886
      View Details
    • $95,900

      Trumansburg Village Building Lot

      Building lot in Trumansburg Village, perfect for a single-family home.
      34 Crescent Way, Trumansburg, NY 14886
      View Details
    • $142,000

      Trumansburg Land with Lake Views

      14-acre property with lake views, close to Finger Lakes.
      Cook Road, Trumansburg, NY 14886
      View Details
    • $85,900
      15,000 SF

      Residential Lot in Trumansburg, NY

      Building lot in a thriving Trumansburg neighborhood.
      4 Crescent Way, Trumansburg, NY 14886
      View Details
    • $299,000

      Land with Lake Views

      1.9 acres with lake views and shared lakefront access.
      5234 Oak Harbor Rd- Lot #10, Trumansburg, NY 14886
      View Details
    • $95,900
      17,000 SF

      Trumansburg Village Building Lot

      Building lot in Trumansburg Village, perfect location.
      36 Crescent Way, Trumansburg, NY 14886
      View Details
    • $99,000
      22,000 SF

      Trumansburg Village Building Lot

      Building lot in Trumansburg Village, perfect for single-family or duplex.
      14 Crescent Way, Trumansburg, NY 14886
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 50-acre parcel near Trumansburg, ideal for farming or development.
    Where is this agricultural land / farmland located?
    The property is located at Swamp College Road Trumansburg, NY.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: Expansive 50‑acre parcel offers diverse development potential.; Prime location at the corner of Swamp College Road and Halseyville Road, near Trumansburg, Cornell University, Watkins Glen, and the Seneca Wine Trail.; Current agricultural leases provide steady revenue until December 2026.
    (607) 227-5990
    We can help!
    Listing Contact
    Lindsay Hart
    Lindsay Hart
    Real Estate License ID: 10491209901
    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
    Swamp College Road, Trumansburg, NY 14886
    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!