Add Listing
    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

    L31.121 Fonda Road Waterford, NY 12188

    View on Map
    Pending
    $3,500,000

    LAND - Waterford, NY

    Lot size:
    83.00 Acres
    Added:
    Feb 21, 2025
    Days on Market:
    404
    Last Refresh:
    Apr 1 at 12:06 pm

    Property Features for L31.121 Fonda Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    290-1-31.121
    Lot size
    83.00 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    12200

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Michael J Field

    Listing agent Michael J Field License #10491203035

    Listing office Field Realty 281 Rt 2, Latham, NY

    Listing date Feb 21, 2025

    MLS# 202512358 Listing URL

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

    Overview

    Waterford Land with Development Potential

    This 83-acre land parcel in Waterford, NY, features rolling hills and views. The property borders the canal system and has access to 787. Currently zoned single-family, municipal approvals are required for any development. The property presents an opportunity for development or an estate lot.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Waterford
    County
    Saratoga
    State
    New York
    Longitude
    -73.69966
    Latitude
    42.810701

    Nearby Similar for Sale

    • $388,000
      4,287 SF

      Waterford Commercial Property For Sale

      Commercial property in Waterford, NY, suitable for various uses.
      122 1st Avenue, Waterford, NY 12188
      View Details
    • $125,000
      2,600 SF

      Historic Riverfront Colonial Revival Home

      Spectacular 1890s riverfront home in historic Waterford, NY.
      32 Front Street, Waterford, NY 12188
      View Details
    • $399,900
      3,684 SF

      Renovated Mixed-Use Triplex in Waterford

      Fully renovated mixed-use triplex with commercial space and residential units.
      32 Broad Street, Waterford, NY 12188
      View Details
    • $595,000

      Vacant Land in Waterford, NY

      8.06 acre vacant land parcel with mixed woods.
      L71 Middletown Road, Waterford, NY 12188
      View Details
    • $388,000
      4,287 SF

      Waterford Flex Space For Sale

      Flex space property in Waterford, suitable for various uses.
      122 1st Avenue, Waterford, NY 12188
      View Details
    • $99,900

      Waterford, NY Land Opportunity

      0.78 acre corner lot suitable for custom home.
      Brookwood Road lot: 28, Waterford, NY 12188
      View Details
    • $349,900
      3,559 SF

      Waterford Commercial Building For Sale

      Commercial building in Waterford's business district, suitable for investment.
      27 Division Street, Waterford, NY 12188
      View Details
    • $75,000

      Residential Lot in Waterford, NY

      Building lot in residential neighborhood.
      110 1st Avenue, Waterford, NY 12188
      View Details
    • $565,000
      6,940 SF

      Versatile Commercial Building For Sale

      Stand-alone commercial building suitable for restaurant, bar, or event venue.
      405 Hudson River Road, Waterford, NY 12188
      View Details
    • $595,000

      Vacant Land Parcel For Sale

      8.06 acre vacant land parcel with mixed woods.
      L71 Middletown Road, Waterford, NY 12188
      View Details
    • Contact for pricing
      54,399 SF

      Waterford Industrial Property with Rail

      Industrial property with rail access and substantial infrastructure in Waterford.
      7 Schoolhouse Ln, Waterford, NY
      View Details
    • $2,460,000

      Waterford Land For Sale

      Large developable land in Southern Saratoga County with two structures.
      23 Catallo Drive, Waterford, NY 12188
      View Details

    FAQs

    What type of property is this?
    Land - 83-acre land parcel in Waterford, NY, suitable for development.
    Where is this land located?
    The property is located at L31.121 Fonda Road Waterford, NY.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Development opportunity or estate lot potential.; Borders the canal system.; Access to 787.
    (518) 669-1804
    We can help!
    Listing Contact
    Michael J Field
    Real Estate License ID: 10491203035
    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!