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

    Wilderness Way lot 3 Wilmington, NY 12997

    View on Map
    Claim this Listing
    For Sale
    $225,000

    LAND - Wilmington, NY

    Type:Single Family Residence
    Lot size:
    3.29 Acres
    Added:
    Jan 8, 2026
    Days on Market:
    111
    Last Refresh:
    Apr 29 at 11:06 am

    Property Features for Wilderness Way lot 3

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    Residential
    Standard status
    Active
    APN
    26.1-1-7.200
    Lot size
    3.29 Acres

    Taxes and HOA fees

    Tax Annual Amount
    659

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    David Trahey

    Listing agent David Trahey

    Listing office The Reynolds Group of Lake Placid, LLC 2051 Saranac Ave Suite 102A, Lake Placid, NY

    Listing date Jan 8, 2026

    MLS# 206412 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

    Adirondack Land Near Whiteface Mountain

    This 3.29-acre residential lot offers an opportunity to build a mountain home. The level building lot is surrounded by a hardwood forest and mountain views. Adjacent to Forever Wild land, the property provides access to mountain biking and hiking trails, including the Gulo Gulo trail, which connects to the Flume Trail Systems. The property is located minutes from Lake Everest and Whiteface Mountain. Dining options are available in Wilmington at establishments such as Cadence Lodge, R.F. McDougalls Pub, Rudy's Scar Bar + Grille, and the Twisted Raven tavern. Located within the Lake Placid School District, the property is less than 15 minutes from the Village of Lake Placid.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Wilmington
    County
    Essex
    State
    New York
    Longitude
    -73.84002
    Latitude
    44.379964

    Nearby Similar for Sale

    • $129,000

      Wilmington Land with Hiking Trails

      5-acre lot near Whiteface Ski Resort and Ausable River.
      7 Winding Pine Way, Wilmington, NY 12997
      View Details
    • $6,900,000

      Iconic Adirondack Nature Attraction

      Turnkey tourism business opportunity in the heart of the Adirondacks.
      4761 NYS Route 86, Wilmington, NY 12997
      View Details
    • $199,000

      Wilmington Homesite with Mountain Views

      2.1-acre homesite with mountain views, near amenities and Whiteface Mountain.
      35 Rocky Ridge Lane, Wilmington, NY 12997
      View Details
    • $225,000

      Wilmington Land with Mountain Views

      3.86-acre lot with mountain views and trail access.
      Outlook Lane, Wilmington, NY 12997
      View Details
    • $145,000

      Wilmington Land with Mountain Views

      1.6-acre lot near skiing and mountain bike trails.
      60 Indian Rock Road, Wilmington, NY 12997
      View Details
    • $85,000

      Corner Lot in Wilmington, NY

      Highly visible corner lot suitable for commercial or residential development.
      Bonnieview Road, Wilmington, NY 12997
      View Details
    • $129,000

      Residential Land Near Whiteface Mountain

      Cleared 1.34-acre residential parcel near Wilmington's attractions.
      3 Outlook Ln, Wilmington, NY 12997
      View Details
    • $299,000

      Secluded Adirondack Land Parcel

      16-acre lot near Lake Placid, ideal for a dream home.
      Whiteface Mt. Memorial Highway lot: 4, Wilmington, NY 12997
      View Details
    • $199,000

      Adirondack Land with Mountain Views

      29+ acre lot with views near Whiteface Mountain.
      Hardy Rd lot: 3, Wilmington, NY 12997
      View Details
    • $229,000

      Adirondack Land with Mountain Views

      Land with views ideal for building a dream home or retreat.
      Hardy Rd lot: 2, Wilmington, NY 12997
      View Details
    • $99,000

      Tranquil Adirondack Land in Wilmington

      5.6-acre lot with potential mountain views and river access.
      1 Lenny Preston Road, Wilmington, NY 12997
      View Details
    • $99,000

      Wilmington Land with Mountain Views

      10+ acres of wooded privacy near Whiteface Ski Mountain.
      1911 Haselton Road, Wilmington, NY 12997
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3.29-acre building lot near outdoor activities and Lake Placid.
    Where is this residential land & home lot located?
    The property is located at Wilderness Way lot 3 Wilmington, NY.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: 3.29 acre private, level building lot adjacent to Forever Wild land.; Abundant mountain views and lush hardwood forest.; Direct access to mountain biking and hiking trails (Gulo Gulo trail).
    (518) 524-7583
    We can help!
    Listing Contact
    David Trahey
    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!