Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    710 Smithfield Road Millerton, NY 12546

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $225,000

    Raw, wooded land in Millerton, NY, with development potential.

    Added:
    May 19, 2025
    Days on Market:
    337
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 710 Smithfield Road

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    REBECCA L. DOH

    Listing agent REBECCA L. DOH

    Listing office WILLIAM RAVEIS LIFESTYLES RLTY

    Listing date May 19, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of WILLIAM RAVEIS LIFESTYLES RLTY

    Overview

    23.89 Acres in Millerton, NY

    This 23.89-acre parcel of raw, wooded land is located in Millerton, New York. The property features mature trees and rolling terrain, with the potential for long-range views from the upper elevations. It is located near the village centers of Millerton and Amenia, and is approximately 12 minutes from the Wassaic train station, providing access to NYC. The property is suitable for building a home, creating a weekend getaway, or investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Catering Service Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Millerton
    County
    Dutchess
    State
    New York
    Longitude
    -73.5599
    Latitude
    41.9163

    Nearby Similar for Sale

    • $975,000
      2,560 SF

      Millerton Commercial Property with Parking

      Versatile commercial space near Millerton with ample parking.
      135 Route 44, Millerton, NY 12546
      View Details
    • $685,000

      Mixed-Use Building in Millerton

      Commercial building with retail and office spaces in vibrant village.
      22-24 Main Street, Millerton, NY 12546
      View Details
    • $270,000
      522,720 SF

      Expansive Land with Scenic Views

      Land with privacy, panoramic scenery, and recreational access.
      3 Mountain Edge Lane, Millerton, NY 12546
      View Details
    • $270,000

      Berkshire Foothills Meadow Land

      Land with privacy and panoramic scenery in North East.
      3 Mountain Edge Lane, Millerton, NY 12546
      View Details
    • $3,600,000

      Breathtaking Vistas on 157 Acres

      157-acre parcel with commanding views, suited for agricultural pursuits.
      317 Skunks Misery Road, North East, NY 12546
      View Details
    • $350,000

      Two-Story Commercial Building on Main

      Two-story commercial building with store fronts and potential rental income.
      28 Main St, Millerton, NY, 12546-5166
      View Details
    • $389,000

      Two-Story Commercial Building on Main

      Two-story commercial building with retail and residential potential.
      28 Main Street, Millerton, NY 12546
      View Details
    • $2,100,000

      Dutchess County MHC Investment

      44-unit mobile home community in Dutchess County, New York.
      5 Old Post Rd 3, Millerton, NY
      View Details
    • $3,600,000

      Millerton Farm with Expansive Views

      157-acre farm with potential for various agricultural endeavors.
      Skunks Misery Road, Millerton, NY 12546
      View Details
    • $225,000

      23.89 Acres in Millerton, NY

      Raw, wooded land in Millerton, NY with development potential.
      710 Smithfield Road, Millerton, NY 12546
      View Details
    • $3,400,000

      Unrestricted Farm in Northern Dutchess

      Expansive 258-acre unrestricted working farm in Northern Dutchess County, NY.
      5 Homestead Farm Ln, Millerton, NY 12546
      View Details
    • $2,100,000
      3,065 SF

      Unrestricted Farm in Northern Dutchess

      Unrestricted working farm with development potential in Northern Dutchess County.
      5 Homestead Farm Ln Unit 15, Millerton, NY 12546
      View Details

    FAQs

    What type of property is this?
    Land - Raw, wooded land in Millerton, NY, with development potential.
    Where is this land located?
    The property is located at 710 Smithfield Road Millerton, NY.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Large 23.89‑acre parcel offers privacy and potential.; Prime location near Millerton and Amenia villages.; Convenient access to NYC via the Wassaic train station (12 minutes).
    (860) 868-0511
    We can help!
    Listing Contact
    REBECCA L. DOH
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!