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

    251 Highland Rd Greenville, NY 12083

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $150,000

    4.5-acre Greenville, NY property with established short-term rentals.

    Added:
    May 10, 2025
    Days on Market:
    358
    Last Refresh:
    Mar 16 at 9:08 am

    Property Features for 251 Highland Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    STEPHANIE HAMILTON

    Listing agent STEPHANIE HAMILTON

    Listing office COUNTRY VIEWS REALTY, INC.

    Listing date May 10, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of COUNTRY VIEWS REALTY, INC.

    Overview

    Greenville, NY 4.5-Acre Rental Property

    This 4.5-acre parcel in Greenville, NY, presents an investment opportunity with existing short-term rental income potential. The property, located in a quiet, wooded setting, includes two established Airbnb rentals: a yurt that has been operating for the past four years and a converted skoolie (school bus tiny home). Both rentals are positioned to maximize privacy and the surrounding forest views. The property includes a 200-amp electric service ready for hook-up, a private well and septic system needing updates, driveway access, and a 3-season drivable path to the yurt. The land can be used for continued Airbnb rentals, a personal weekend retreat, or building a home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Building Supply Hotel & Motel Grocery & Convenience Store Electrical Service Pet Store Bed & Breakfast Restaurant Pet Store & Service Butcher

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Greene
    State
    New York
    Longitude
    -73.9975
    Latitude
    42.4115

    Nearby Similar for Sale

    • $674,000
      7,124 SF

      Industrial Property with Expansion Potential

      5,224 SF industrial property with expansion and income potential.
      799 Route 111, Greenville, NY 12083
      View Details
    • $600,000
      3,746 SF

      Legal Two-Family Property

      Dual rental income potential near outdoor recreation and dining.
      186 Cty Rte 411, Greenville, NY 12193
      View Details
    • $799,900

      137 Acres Prime Greenville Land

      137 acres in Greenville, NY, ideal for development or recreation.
      Eatontown Road, Greenville, NY 10940
      View Details
    • $54,000

      Approved Building Lot in Greenville

      Cleared 0.6-acre lot ready for building near Greenville schools.
      L23 Sunny Hill Acrs, Greenville, NY 12083
      View Details
    • $215,000
      1,296 SF

      Greenville Mixed-Use Commercial/Residential Property

      Versatile property in Greenville, NY, ideal for business and residence.
      11184 State Route 32, Greenville, NY 12083
      View Details
    • $129,000

      Greenville Highway Commercial Land

      6.3 acres of commercial land with great exposure.
      1230 West Road, Greenville, NY 12083
      View Details
    • $3,250,000
      13,240 SF

      Grace Manor Retreat Center

      Retreat center on 37.46 acres with extensive amenities.
      899-907 Red Mill Road, Greenville, NY 12083
      View Details
    • $225,000

      16 Acres Wooded Land Package

      Double lot with creek, road frontage, and new metal barn.
      243 Maple Avenue, Greenville, NY 12083
      View Details
    • $3,250,000
      13,240 SF

      Spectacular Retreat Center with Amenities

      Well-maintained retreat center on 37.46 acres with extensive amenities.
      899 Red Mill Rd, Greenville, NY 12083
      View Details

    FAQs

    What type of property is this?
    Land - 4.5-acre Greenville, NY property with established short-term rentals.
    Where is this land located?
    The property is located at 251 Highland Rd Greenville, NY.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Established short‑term rental business with **two turnkey Airbnb units (yurt and skoolie) already generating income**.; 4.5‑acre parcel in a **private, wooded setting** close to Greenville, NY.; Existing infrastructure: **200‑amp electric service, private well, and septic system**.
    We can help!
    Listing Contact
    STEPHANIE HAMILTON
    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

    251 Highland Rd, Greenville, NY 12083

    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!