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    13092 Quaker St Collins, NY 14034

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    For Sale
    $650,000

    Historic farmhouse on 48 acres with two rental units.

    Lot size:
    48.50 Acres

    Property Features for 13092 Quaker St

    General Information

    Property type
    Multi Family
    Standard status
    Active
    Lot size
    48.50 Acres

    Building Details

    Year built
    1880

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    Listing Contact
    Hans Hokenson
    Source: Elliman

    Listing Agent: Hans Hokenson

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

    Learn more

    Overview

    Farmhouse with Rental Income Potential

    Located in Collins, New York, this property features a historic farmhouse built in 1880, complemented by two rental units added in the 1960s. The main house includes two bedrooms, a third room used as a bedroom, a full bathroom, a half bath, a large eat-in kitchen, two spacious living areas, a wood-burning stove with live stone hearth, built-in bookcases, laundry, and mudroom. The upper apartment offers two bedrooms, a full bath, galley kitchen, large living space, and access to a private covered deck. The lower unit is an efficiency-style apartment with a full kitchen, bedroom, living area, and full bath. The efficiency unit is approximately 600 additional square feet. Both rentals have private entrances, new windows, updated walkways, and modern finishes including wood-look luxury vinyl tile. The property spans over 48 acres of fields and mature forest, bordered by Clear Creek. A three-story barn features two stables with hay chutes, a spacious main level, and a full hayloft. Approximately nine acres are tillable fields. The remaining forest includes merchantable hardwoods. The property is near Clear Lake WMA, Gowanda Country Club, Zoar Valley, and ski resorts like Holiday Valley, Kissing Bridge, and Buffalo Ski Center. It is commutable to Buffalo and close to several towns and SUNY campuses. The property supports a wide range of uses with income from rentals, field leases, stable rental, and sustainable logging.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Collins
    County
    Erie
    State
    New York
    Longitude
    -78.9159142
    Latitude
    42.5233138

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    FAQs

    What type of property is this?
    Farm - Historic farmhouse on 48 acres with two rental units.
    Where is this farm located?
    The property is located at 13092 Quaker St Collins, NY.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Nearly 50 acres of land with fields, mature forest, and Clear Creek frontage, offering recreational opportunities like fishing, hunting, and ATV trails.; - Income potential from two rental units, tillable field leases, stable rental, and sustainable logging.; - Historic farmhouse with two additional rental units, providing three separate living spaces.
    (716) 353-0258
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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
    13092 Quaker St Collins, NY 14034
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    Listing Contact
    Hans Hokenson
    (716) 353-0258 (716) 655-1655
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