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    0WP State Hwy 26 Otselic, NY 13155

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    Claim this Listing
    New
    For Sale
    $275,000

    Vacant Land - Otselic, NY

    Lot size:
    59.19 Acres
    Added:
    Apr 28, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 29 at 3:06 pm

    Property Features for 0WP State Hwy 26

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    100
    Parking features
    Garage
    Standard status
    Active
    APN
    084400-053.000-0001-004.210
    Lot size
    59.19 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2017

    Utilities

    Water front features
    Wfriver, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Josh Buell

    Listing agent Josh Buell

    Listing office WHITETAIL PROPERTIES REAL ESTATE LLC (NY) 121 SOUTH MADISON ST, PITTSFIELD, NY

    Listing date Apr 28, 2026

    MLS# 11736427 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.

    Overview

    Otselic River Bottom Farmland

    This property presents a rare opportunity to acquire prime river bottom farmland, featuring over 40 acres of tillable land along the Otselic River, complemented by an additional 20 acres consisting of brushy overgrowth and trees. The land is suitable for various purposes, including crop cultivation, a home site, or recreational camping. The property offers approximately 2650 feet of water frontage on the Otselic River, known for trout fishing. Its topography and location in an area known for wildlife conservation make it ideal for hunting. Outdoor enthusiasts will appreciate the proximity to Bucks Brook State Forest, located within a mile, offering 2187 acres of forest with trails for hunting, hiking, camping, and snowmobiling. Texas Hill State Forest, with 704 acres, is also nearby, just 8 miles away. South Otselic, located within 1 mile, provides amenities such as gas, groceries, a post office, and a restaurant. Additional amenities and activities are available in Hamilton (14 miles), Sherburne (15 miles), and Syracuse, which is a 45-minute drive away. Cortland is 33 miles away, and New York City and the George Washington Bridge are 3.5 hours away. The property is zoned 100 and has a lot size of 59.19 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Otselic
    County
    Madison
    State
    New York
    Longitude
    -75.763784
    Latitude
    42.659778

    Nearby Similar for Sale

    • $99,900

      Wooded Land Bordering State Forest

      34 acres of wooded land bordering Mariposa State Forest.
      0WP Ridge Rd, Otselic, NY 13464
      View Details
    • $99,000

      Otselic, NY Land Parcel

      9.92-acre land near Otselic State Forest.
      L1 County Road 16, Otselic, NY 13155
      View Details
    • $99,000

      Otselic, NY Vacant Land

      9.92-acre parcel near Otselic State Forest.
      L1 County Rd 16, Otselic, NY 13815
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Prime river bottom farmland with tillable land and river frontage.
    Where is this agricultural land / farmland located?
    The property is located at 0WP State Hwy 26 Otselic, NY.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: 40+ acres of tillable land on the Otselic River; Enjoy ~2650 feet of Otselic River frontage, renowned for trout fishing; Potential for multiple uses: crop land, home site, camping, recreation
    (607) 220-6247
    We can help!
    Listing Contact
    Josh Buell
    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.

    More about this property
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