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    Rock Stream Land with Income Title is generated by Realmo AI

    4206 County Road 29, Rock Stream, NY 14878

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    For Sale
    $295,999

    LAND - Other - Rock Stream, NY

    Property size:
    500 SF
    Lot size:
    11.00 Acres
    Price / SF:
    $591/SF
    Added:
    Apr 15, 2026
    Days on Market:
    37
    Last Refresh:
    May 21 at 4:06 pm

    Property Features for 4206 County Road 29

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Exterior features
    GravelDriveway
    Standard status
    Active
    APN
    443289-031-000-0003-023-000-0000
    Size
    500 SF
    Lot size
    11.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1704

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well

    Building Details

    Year built
    1971
    Architectural style
    Other

    We can help!

    Listing Contact
    Joshua Mattucci

    Listing agent Joshua Mattucci License #10401384623

    Listing office Howard Hanna Elmira 215 W CHURCH ST, Corning, NY

    Listing date Apr 15, 2026

    MLS# R1672889 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

    • Income‑generating property with 3 mobile homes and potential for a 4th.
    • Located on 11 acres of land with woods and a pond.
    • Close proximity to Finger Lakes attractions: lakes, Watkins Glen, wineries, museums.
    • Multiple septic systems and well in place.
    • Opportunity to build a dream home or continue use as an income property.
    • Motivated seller.

    Overview

    Located in the Finger Lakes region, this 11-acre property in Rock Stream, NY, offers a blend of residential and income-generating opportunities. The property features three mobile homes, four septic tank systems, a well, and electric service. There is additional space available to set up a fourth mobile home. The land includes wooded areas and a pond. The property is near several attractions, including five lakes, Watkins Glen International race track, state parks, wineries, NASCAR, Corning Museum of Glass, Mark Twain Museum, and Windmill Market. This location could serve as a weekend getaway or a full-time residence. The property offers opportunities for outdoor recreation. It is suited for investors or those seeking a home with extra income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Food Market Bed & Breakfast Cosmetic Store Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Rock Stream
    County
    Schuyler
    State
    New York
    Longitude
    -76.930377
    Latitude
    42.437629

    FAQs

    What type of property is this?
    Mobile home & RV park - 11-acre property with mobile homes and income potential.
    Where is this mobile home & rv park located?
    The property is located at 4206 County Road 29 Rock Stream, NY.
    What is the asking price?
    The asking price for this property is $295,999.
    What are key features of this property?
    This property features: Income‑generating property with 3 mobile homes and potential for a 4th.; Located on 11 acres of land with woods and a pond.; Close proximity to Finger Lakes attractions: lakes, Watkins Glen, wineries, museums.
    (607) 331-1774
    We can help!
    Listing Contact
    Joshua Mattucci
    Real Estate License ID: 10401384623
    Learn More
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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
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