Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Adirondack Land with Subdivision Potential Title is generated by Realmo AI

    299 & 331 Page Street, Lake Pleasant, NY 12108

    View on Map
    Claim this Listing
    New
    For Sale
    $399,000

    Vacant Land - Lake Pleasant, NY

    Lot size:
    88.90 Acres
    Added:
    May 18, 2026
    Days on Market:
    4
    Last Refresh:
    May 21 at 6:06 pm

    Property Features for 299 & 331 Page Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    113.006-1-31.116 & 113.006-1-33.110
    Lot size
    88.90 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    2986

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Christy Wilt

    Listing agent Christy Wilt

    Listing office ALICIA C MILLER REAL ESTATE INC MAIN ST RT 30 POB 328, WELLS, NY

    Listing date May 18, 2026

    MLS# 11777214 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.

    HighLights

    • Expansive 88.9 acres in a prime Lake Pleasant location within the Adirondacks.
    • Potential for subdivision or partial purchase, offering flexibility.
    • Ideal for development, recreation, or a private estate.
    • Close proximity to lakes, trails, and year‑round outdoor activities.
    • Wetlands have already been identified and marked, simplifying planning and development.
    • Includes an existing well (unknown condition) adding potential utility.

    Overview

    This 88.9-acre property in Lake Pleasant, New York, presents a rare opportunity to own a substantial piece of Adirondack land. Comprising two parcels at 229 and 331 Page Street, the property offers privacy, flexibility, and investment potential. The land features a wooded setting suitable for outdoor activities, with access to nearby lakes and hiking trails. The property is ideal for a private estate, family compound, or recreational retreat. The owner is open to subdividing the property, presenting an opportunity for buyers interested in a smaller portion, subject to approvals. Wetlands on the property have been identified and marked. An existing well is located on the property, its condition is unknown. The location provides convenient access to local amenities while maintaining the tranquility of Adirondack living. The property is suitable for development, recreation, or a private retreat, subject to zoning regulations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Pleasant
    County
    Hamilton
    State
    New York
    Longitude
    -74.385735
    Latitude
    43.504351

    Nearby Similar for Sale

    • $599,000
      9,932 SF

      Lake Pleasant Industrial/Manufacturing Facility

      Spacious 9,932 SF facility with flexible layout near NY State Lands.
      2452 NYS Route 8, Lake Pleasant, NY 12108
      View Details
    • $925,000
      5,000 SF

      Lakefront Inn with Restaurant & Bar

      Turnkey restaurant and bar with lakefront access and rental units.
      1815 State Route 8, Lake Pleasant, NY 12108
      View Details
    • $74,500

      Lake Pleasant Vacant Land

      1.08 acre lot with views overlooking Lake Pleasant Golf Course.
      2551 State Rte 8, Lake Pleasant, NY 12108
      View Details

    FAQs

    What type of property is this?
    Land - 88.9 acres in Lake Pleasant with development opportunities.
    Where is this land located?
    The property is located at 299 & 331 Page Street Lake Pleasant, NY.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Expansive 88.9 acres in a prime Lake Pleasant location within the Adirondacks.; Potential for subdivision or partial purchase, offering flexibility.; Ideal for development, recreation, or a private estate.
    (518) 924-4255
    We can help!
    Listing Contact
    Christy Wilt
    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
    299 & 331 Page Street, Lake Pleasant, NY 12108
    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!