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

    183 Plains Road Walden, NY 12586

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $699,999

    87.8 acres in Montgomery, ideal for development or dream home.

    Type:Land or Vacant Lot
    Lot size:
    87.80 Acres
    Added:
    Oct 1, 2025
    Days on Market:
    183
    Last Refresh:
    Mar 26 at 1:53 am

    Property Features for 183 Plains Road

    General Information

    Standard status
    Active
    Lot size
    87.80 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    CIMEN MUSTAFA

    Listing agent CIMEN MUSTAFA License #10401328784

    Listing office HOMESMART HOMES & ESTATES

    Listing date Oct 1, 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 HOMESMART HOMES & ESTATES

    Overview

    Expansive Land in Montgomery

    This expansive 87.8-acre property, consisting of two parcels (78.9 acres and 8.9 acres), is located in the Town of Montgomery, within the Valley Central School District. The land offers opportunities for developers, investors, or those looking to build a home in a serene environment. The landscape features mature trees and vibrant wildlife. The property is near the Lake Osiris Country Club golf course, local parks, and the Wallkill Rail Trail, and is a short drive to shopping centers. Convenient access to I-84 and the NYS Thruway facilitates commuting to nearby cities.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Auto Repair Shop Accounting Firm Kitchen & Bath Showroom HVAC Service Wine and Liquor Store Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Walden
    County
    Orange
    State
    New York
    Longitude
    -74.1427
    Latitude
    41.5845

    Nearby Similar for Sale

    • $380,000
      3,674 SF

      Spacious Commercial Building on Corner Lot

      Versatile commercial building with flexible layout and high visibility.
      90 Scofield Street, Walden, NY 12586
      View Details
    • $699,999

      Expansive Land in Walden, NY

      87.8 acres of land perfect for development or building a home.
      183 Plains Road, Walden, NY 12586
      View Details
    • $59,999

      Vacant Lot in Walden, NY

      0.69 acre vacant lot, build your dream home!
      High Meadows Road, Walden, NY 12586
      View Details
    • $1,750,000
      21,000 SF

      Two Walden Office Buildings

      Two professional office buildings in the heart of Walden, NY.
      156-158 Orange Avenue, Walden, NY 12586
      View Details
    • $95,000

      Private Wooded Lot with Lake Access

      2.7 acre wooded lot with lake access in Walden, NY.
      15 Rose Estates, Walden, NY 12586
      View Details
    • $60,000
      2,700 SF

      Deli/Convenience Business For Sale

      Deli/Convenience business for sale in Walden, NY.
      35 E. MAIN Streets, Walden, NY 12586
      View Details
    • $349,000

      Mixed-Use Building in Walden, NY

      Redone building with apartment and commercial space in Walden.
      19 Orchard Street, Walden, NY 12586
      View Details
    • $100,000

      Walden Land Development Opportunity

      3.8 acre parcel in Walden, NY with development potential.
      2637 State Route 208, Walden, NY 12586
      View Details
    • $550,000

      Income Property in Village Square

      Income-generating property with municipal parking and versatile B-3 zoning.
      42 Orchard Street, Walden, NY 12586
      View Details
    • $400,000

      150 Acres Raw Land Available

      150 acres of raw land in Newburgh, Wallkill Schools.
      62 E Rock Cut Road, Walden, NY 12586
      View Details
    • $2,950,000

      New Warehouse with High Ceilings

      New 12,000 sq ft warehouse suitable for distribution, manufacturing.
      735 State Route 52, Walden, NY 12586
      View Details
    • $49,999

      Commercial Lot in Walden Village

      Commercial lot in business district with high traffic exposure.
      69 Main Street, Walden, NY 12586
      View Details

    FAQs

    What type of property is this?
    Land - 87.8 acres in Montgomery, ideal for development or dream home.
    Where is this land located?
    The property is located at 183 Plains Road Walden, NY.
    What is the asking price?
    The asking price for this property is $699,999.
    What are key features of this property?
    This property features: Expansive 87.8 acres offering development potential or a private estate.; Located in the desirable Valley Central School District.; Serene environment with mature trees and vibrant wildlife, ideal for outdoor enthusiasts.
    (845) 547-0005
    We can help!
    Listing Contact
    CIMEN MUSTAFA
    Real Estate License ID: 10401328784
    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!