Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Waterford Land For Sale Title is generated by Realmo AI

    23 Catallo Drive, Waterford, NY 12188

    View on Map
    Claim this Listing
    Pending
    $2,460,000

    LAND - Waterford, NY

    Lot size:
    145.62 Acres
    Added:
    Oct 30, 2023
    Days on Market:
    932
    Last Refresh:
    May 18 at 12:06 pm

    Property Features for 23 Catallo Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    415489 290-1-22
    Lot size
    145.62 Acres

    Taxes and HOA fees

    Tax Annual Amount
    20000

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    We can help!

    Listing Contact
    Joel A Koval
    Joel A Koval

    Listing agent Joel A Koval License #30KO0886220

    Listing office Howard Hanna Capital Inc 1547 Route 9, Clifton Park, NY

    Listing date Oct 30, 2023

    MLS# 202327504 Listing URL

    Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large developable tract of land in Southern Saratoga County.
    • Includes 4 parcels with existing structures (duplex and unfinished home).
    • Potential for a residential subdivision (with town approvals).
    • Mix of woods and open fields with views.
    • Close proximity to 787 (less than 5 minutes).
    • Public water source available.

    Overview

    This sale includes four parcels of land, totaling 145.62 acres, and features a duplex and an unfinished home. The property, located in Waterford, NY, has been under the same family's ownership for many decades. The land is a mix of woods and open fields and offers views. According to the listing, with town approvals, this could be a residential subdivision, located less than 5 minutes from 787.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Accounting Firm Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    Saratoga
    State
    New York
    Longitude
    -73.699921
    Latitude
    42.796719

    Nearby Similar for Sale

    • $388,000
      4,287 SF

      Waterford Commercial Property For Sale

      Commercial property in Waterford, NY, suitable for various uses.
      122 1st Avenue, Waterford, NY 12188
      View Details
    • $388,000
      3,818 SF

      Victorian Multi-Family Investment Opportunity

      Legal 4-unit building with Mohawk River views and parking.
      8 Saratoga Avenue, Waterford, NY 12188
      View Details
    • $372,000
      3,801 SF

      Updated Three-Family Brick Building

      Classic three-family building with modern amenities and immediate cash flow.
      69 Saratoga Avenue, Waterford, NY 12188
      View Details
    • $225,000
      2,364 SF

      Multi-Family Property with Investment Potential

      Multi-family property in Waterford, NY, offering investment or owner-occupied opportunity.
      8 First Street, Waterford, NY 12188
      View Details
    • $125,000
      2,600 SF

      Historic Riverfront Colonial Revival Home

      Spectacular 1890s riverfront home in historic Waterford, NY.
      32 Front Street, Waterford, NY 12188
      View Details
    • $199,900
      2,302 SF

      Waterford Two-Family Home For Sale

      Two-unit property in Waterford, New York, with income potential.
      28 Mohawk Avenue, Waterford, NY 12188
      View Details
    • $289,900
      1,984 SF

      Waterford Two-Family Riverfront Property

      Well-maintained two-family home with Hudson River frontage.
      141 Second Street, Waterford, NY 12188
      View Details
    • $388,000
      4,287 SF

      Waterford Flex Space For Sale

      Flex space property in Waterford, suitable for various uses.
      122 1st Avenue, Waterford, NY 12188
      View Details
    • $550,000

      Halfmoon Commercial Development Opportunity

      5.79-acre commercial land parcel in Halfmoon, New York.
      570 Hudson River Road, Waterford, NY
      View Details
    • $349,900
      3,559 SF

      Waterford Commercial Building For Sale

      Commercial building in Waterford's business district, suitable for investment.
      27 Division Street, Waterford, NY 12188
      View Details
    • $595,000

      Vacant Land in Waterford, NY

      8.06 acre vacant land parcel with mixed woods.
      L71 Middletown Road, Waterford, NY 12188
      View Details
    • $99,900

      Waterford, NY Land Opportunity

      0.78 acre corner lot suitable for custom home.
      Brookwood Road lot: 28, Waterford, NY 12188
      View Details

    FAQs

    What type of property is this?
    Land - Large developable land in Southern Saratoga County with two structures.
    Where is this land located?
    The property is located at 23 Catallo Drive Waterford, NY.
    What is the asking price?
    The asking price for this property is $2,460,000.
    What are key features of this property?
    This property features: Large developable tract of land in Southern Saratoga County.; Includes 4 parcels with existing structures (duplex and unfinished home).; Potential for a residential subdivision (with town approvals).
    (518) 466-5635
    We can help!
    Listing Contact
    Joel A Koval
    Joel A Koval
    Real Estate License ID: 30KO0886220
    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
    23 Catallo Drive, Waterford, NY 12188
    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!