Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    5 Acres Residential Land Newark Title is generated by Realmo AI

    8 Sandhill Road Lot #8, Newark, NY 14513

    View on Map
    Claim this Listing
    For Sale
    $40,000

    LAND - Newark, NY

    Lot size:
    5.04 Acres
    Added:
    May 8, 2026
    Days on Market:
    8
    Last Refresh:
    May 15 at 5:06 am

    Property Features for 8 Sandhill Road Lot #8

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Driveway
    Vegetation
    Wooded
    Standard status
    Active
    APN
    67113-00-486445
    Lot size
    5.04 Acres

    Taxes and HOA fees

    Tax Annual Amount
    550

    Utilities

    Sewer type
    Septic Needed
    Water source
    Public

    We can help!

    Listing Contact
    Lorraine K. Kane

    Listing agent Lorraine K. Kane License #10401341149

    Listing office Keller Williams Realty Greater Rochester 2000 Winton Road S Bldg #1, Suite 201 Bldg #1, Suite 201, Rochester, NY

    Listing date May 8, 2026

    MLS# R1679730 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

    • Large 5+ acre lot
    • Public water access
    • Suitable for building a single‑family home
    • Recreational use potential
    • Driveway parking available
    • Building restrictions in place to maintain property value (minimum house size, garage requirements, roof pitch)

    Overview

    This property features just over 5 acres of land with access to public water. It is suitable for building a single-family home or for recreational use. Restrictions include no single or double wide mobile homes. The town mandates a minimum house size of 1,200 square feet, a 1-car attached or 2-car unattached garage, and a minimum roof pitch of 4/12.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Florist

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Wayne
    State
    New York
    Longitude
    -77.128794
    Latitude
    43.102066

    Nearby Similar for Sale

    • $315,000
      2,412 SF

      Versatile Professional Building on One-Acre Lot

      Impeccably maintained 2,412 SF professional building on a one-acre lot.
      165 W Shore Boulevard, Newark, NY 14513
      View Details
    • $999,999
      22,364 SF

      Newark Retail Opportunity on 1.56 Acres

      High-traffic retail property in Newark, NY with ample parking.
      100 Mason Street, Newark, NY 14513
      View Details
    • $149,900
      2,297 SF

      Remodeled Craftsman Building in Newark

      Remodeled commercial building with flexible layout and ample parking.
      506 W Union St, Newark, NY 14513
      View Details
    • $375,000
      10,912 SF

      Mixed-Use Investment Property on Main

      Mixed-use property with storefronts and residential unit in Newark, NY.
      214 S Main Street, Newark, NY 14513
      View Details
    • $35,000
      2,422 SF

      Approved Building Lot in Newark

      2.77 acre approved building lot in a private setting.
      Blue Cut Road, Newark, NY 14513
      View Details
    • $249,000

      Spacious Village Home with Units

      Two-story home with three units, ideal for investment.
      205 Church St, Arcadia, NY 14513
      View Details
    • $229,900
      11,891 SF

      Mixed-Use Building in Newark

      Mixed-use commercial/residential building with income potential in Newark, NY.
      633 South Main Street, Arcadia, NY 14513
      View Details
    • $49,900

      Commercial Land on Route 31

      4.41-acre commercial lot in high-visibility Newark location.
      L36 Route 31 E Extension, Newark, NY 14513
      View Details
    • $1,250,000
      22,364 SF

      Commercial Property in Newark, NY

      Commercial property for sale in Newark, New York.
      100 Mason St, Newark, NY 14513
      View Details
    • $750,000

      38-Unit Mobile Home Park

      Mobile home park with vacant pads in Wayne County.
      3767 Fairville Maple Ridge Rd, Newark, NY 14513
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land for single-family home or recreational use.
    Where is this residential land & home lot located?
    The property is located at 8 Sandhill Road Lot #8 Newark, NY.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: Large 5+ acre lot; Public water access; Suitable for building a single‑family home
    (585) 764-9134
    We can help!
    Listing Contact
    Lorraine K. Kane
    Real Estate License ID: 10401341149
    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
    8 Sandhill Road Lot #8, Newark, NY 14513
    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!