Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Acreage with Ponds and Barns Title is generated by Realmo AI

    324 Murphy Hill Road, Horseheads, NY 14845

    View on Map
    Claim this Listing
    New
    For Sale
    $389,000

    LAND - Horseheads, NY

    Lot size:
    82.05 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 8 at 7:06 am

    Property Features for 324 Murphy Hill Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Exterior features
    DirtDriveway
    Standard status
    Active
    APN
    072600-027-000-0001-016-000-0000
    Lot size
    82.05 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2213

    Building Details

    Additional Structures
    Barn(s)

    We can help!

    Listing Contact
    Jennifer Silata
    Jennifer Silata

    Listing agent Jennifer Silata License #10401284831

    Listing office Howard Hanna Corning 45 E MARKET ST, Corning, NY

    Listing date Jun 3, 2026

    MLS# R1686810 Listing URL

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • More than 80 private acres with open fields and woods, plus direct border with New York State land
    • Two ponds on the property for year‑round water activities (fishing, swimming, and ice skating)
    • Stream runs through the property, adding an additional natural water feature
    • Pole barn (28x48) and wood barn (82x36) for equipment, animals, or agricultural projects
    • Located in Horseheads School District and just minutes from Seneca Lake, wineries, and shopping
    • Long dirt driveway access

    Overview

    This for-sale acreage spans 82.05 acres and features a mix of open fields and wooded areas. Two ponds sit at the heart of the property, alongside a stream that winds through the land, adding multiple natural water features. The landscape includes rolling terrain intended to support both scenic enjoyment and practical outdoor use. For storage or on-site work, there are two barns: a pole barn measuring 28 x 48 and a wood barn measuring 82 x 36.

    The property borders New York State land, providing an added layer of privacy and separation from surrounding acreage. It is located in the Horseheads School District. Public remarks note the property is just minutes from Seneca Lake, wineries, and shopping, balancing rural setting with access to everyday conveniences.

    This layout can fit buyers looking for a private homestead or recreational property, with natural water access and woodland areas for outdoor activities. The presence of both a pole barn and a wood barn supports agricultural projects, equipment storage, or animal use, depending on the buyer’s plans. Access is by appointment with your agent, as noted in the public remarks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Horseheads
    County
    Chemung
    State
    New York
    Longitude
    -76.88407
    Latitude
    42.22573

    Nearby Similar for Sale

    • $675,000
      2,872 SF

      Turnkey Convenience Store Near Airport

      Established convenience store and quick-food business in prime location.
      435 Sing Sing Road, HORSEHEADS, NY 14845
      View Details
    • $115,000
      4,848 SF

      Adaptable Commercial Space, Horseheads, NY

      Versatile commercial property with high visibility and easy highway access.
      3137 Lake Road, Horseheads, NY 14845
      View Details
    • $999,999
      5,076 SF

      Versatile Commercial Building in Horseheads

      Meticulously maintained building with space, flexibility, and excellent business exposure.
      226 Colonial Drive, Horseheads, NY 14845
      View Details
    • $475,000
      14,225 SF

      High-Traffic Retail Investment Property

      Investment property on high-traffic area with long-term tenants.
      701-705 & 703R S Main Street, Horseheads, NY 14845
      View Details
    • $323,000
      2,950 SF

      Income-Generating Duplex with Detached Garage

      Two connected living units on 11.4 landscaped acres, plus a standout 2+ car garage with high ceilings and overhead doors.
      3301 Watkins Road, Horseheads, NY 14845
      View Details
    • $499,000

      Horseheads Commercial Land For Sale

      3.58 acres of commercial land with development potential.
      565 State Route 13, Horseheads, NY 14845
      View Details
    • $349,000

      Land in Horseheads, NY

      2.43 acre commercial land parcel for sale.
      489 Old Ithaca Rd Lot #1, Horseheads, NY 14845
      View Details
    • $275,000
      2,376 SF

      Professional Office Space in Horseheads

      Well-maintained office building with expansion potential in a central location.
      2860 Westinghouse Road, Horseheads, NY 14845
      View Details
    • $199,000
      994 SF

      Turnkey Commercial Property in Horseheads

      Standalone commercial property with excellent visibility and easy highway access.
      829 W Broad St, Horseheads, NY 14845
      View Details
    • $165,000
      3,285 SF

      Charming Horseheads Home with Rental Potential

      Spacious home with flexible layout, large garage, and outdoor features.
      31 Lorraine Boulevard, Horseheads, NY 14845
      View Details
    • $179,000

      Horseheads Commercially Zoned Land

      8.92 acre commercially zoned land parcel in Horseheads, NY.
      270 Old Ithaca Road, Horseheads, NY 14845
      View Details
    • $129,900

      Secluded Land Borders Golf Course

      Rare 10-acre parcel bordering golf course and state land.
      Hancock Drive, Horseheads, NY 14845
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - An 82-acre property with open fields, woods, two ponds, a stream, and two barns for flexible use.
    Where is this agricultural land / farmland located?
    The property is located at 324 Murphy Hill Road Horseheads, NY.
    What is the asking price?
    The asking price for this property is $389,000.
    What are key features of this property?
    This property features: More than 80 private acres with open fields and woods, plus direct border with New York State land; Two ponds on the property for year‑round water activities (fishing, swimming, and ice skating); Stream runs through the property, adding an additional natural water feature
    (607) 331-1256
    We can help!
    Listing Contact
    Jennifer Silata
    Jennifer Silata
    Real Estate License ID: 10401284831
    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
    324 Murphy Hill Road, Horseheads, NY 14845
    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!