New
For Sale
$174,900
700-728 Big Oak Lane, Arkport, NY 14822
LAND - Other - Arkport, NY
Property Size1,104 SF
Lot Size5.26 Acres
Price / SF$158.42
Days on Market2
Property Features for 700-728 Big Oak Lane
General Information
Property type
Land
Property subtype
Other
Parking features
Driveway
Vegetation
Wooded
Interior features
EatInKitchen
Fireplace
1
Subdivision
Knollwood Sub
Lot features
Rectangular, Rectangular Lot, Residential Lot, Rural Lot, Secluded, Wooded
Elementary school district
Arkport
Middle school district
Arkport
High school district
Arkport
Directions
TAKE LATTIMER TO KNOLLWOOD. LOOK FOR SIGN WITH DIRECTION ARROW BEFORE LOCKED GATE
Standard status
Active
APN
024089-061-000-0001-035-025-0000
Size
1,104 SF
Lot size
5.26 Acres
Taxes and HOA fees
Tax Annual Amount
1421
Utilities
Heating system
Other (Heating), Wood
Building Details
Year built
2013
Floors in Building
2
Roof type
Asphalt
Architectural style
Other
Additional Structures
Shed(s)
Listing Agency:
Keller Williams Realty Greater Rochester
(585) 362-8900
Listed By:
Shaemar Cherew-Gordon · License #10301223756
(585) 261-9547
Added: Aug 13
Last Checked: Aug 14 at 6:06AM
MLS# R1706630
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.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,886
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$137,720
$137.7K
Cap Rate 7%
$98,371
$98.4K
Cap Rate 9%
$76,511
$76.5K
Market Conditions
NOI Build-Up for 1,104 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$13.2K $12.00/SF
− Vacancy
−$729 −$0.66/SF
EGI
$12.5K $11.34/SF
− OpEx
−$5.6K −$5.10/SF
NOI
$6.9K $6.24/SF
Area
Steuben County, NY
Vacancy
5.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$137,720
Cap Rate 7%
$98,371
Cap Rate 9%
$76,511
Alternative Uses
Best Use
Apartment 5plus
$98.4K
$86.1K – $114.8K
NOI $6,886 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$269.1K
$235.5K – $314.0K
NOI $18,840 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 14822, NY
926
Population
516
Households
1.8
Avg Household Size
46
Median Age
17%
College-Educated
92%
High-School Grad
39.8 sq mi
ZIP Area
23
Density / Sq Mi
$64,100
Median Household Income
$42,321
Median Earnings
$979
Median Rent
$84,000
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
Where is this hunting land located?
The property is located at 700-728 Big Oak Lane Arkport, NY.
What is the asking price?
The asking price for this property is $174,900.
