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    Recreational Farm and Timberland Title is generated by Realmo AI

    851 Bald Mountain Road CR 77, Greenwich, NY 12834

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    Claim this Listing
    For Sale
    $269,900

    Vacant Land - Greenwich, NY

    Lot size:
    61.00 Acres
    Added:
    May 30, 2025
    Days on Market:
    371
    Last Refresh:
    Jun 4 at 10:06 am

    Property Features for 851 Bald Mountain Road CR 77

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    300
    Parking features
    Garage
    Standard status
    Active
    APN
    220.-2-30.3
    Lot size
    61.00 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    4220

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    John O'Donnell

    Listing agent John O'Donnell

    Listing office Timberland Realty 1890 E Main St, Falconer, NY

    Listing date May 30, 2025

    MLS# 11510764 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 61 surveyed acres of sugar maple and oak forest with two heights of land for existing and potential views
    • County Route 77/Bald Mountain Road frontage on a paved, year‑round road with electric service at the roadside
    • Camp on‑site in tear‑down condition on a secluded site nearly 1,800 ft from Bald Mountain Road
    • 480a tax program participation since 2017 with 57 of 61 acres enrolled (remaining acreage allows for a home or camp siting)
    • Old homestead features include an old farm pond, dug well, and cellar hole; stone walls remain across the property
    • Professional forester‑guided thinning harvest and interior access improvements with a trail network for ATV, horse, and hiking

    Overview

    Twin Peaks is a 61-acre parcel of sugar maple and oak forest with two areas of higher ground that offer opportunities for long-distance views. The property shows evidence of an earlier homestead, including an old farm pond, dug well, and cellar hole, along with stone walls that once divided woods and agricultural areas. Fields have since reverted to forestland. A camp on the property is located on a secluded site nearly 1,800 feet from Bald Mountain Road and is reported to be in tear-down condition.

    The property is accessed via County Route 77/Bald Mountain Road, a paved, year-round road, with electric service available at the roadside. Interior access has been improved through forest management, and the trail network is described as suitable for ATV use, as well as horse riding and hiking traffic. Wildlife habitat and forage have been enhanced for species including woodcock, ruffed grouse, turkey, whitetail deer, and black bear.

    This land is suited to buyers looking for a small hobby farm or managed recreational property, with potential for activities such as sugarbush and wild or cultivated mushroom production, as well as foraging. The property has been under the 480a tax program since 2017, with 57 of the 61 acres enrolled, and the remaining acreage allows for the siting of a home or camp. Twin Peaks is approximately 3 miles from the Village of Greenwich, and Saratoga Springs is about 16 miles away.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Suggested Use

    Building Supply Auto Repair Shop Garden Center Pet Store & Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwich
    County
    Washington
    State
    New York
    Longitude
    -73.52332
    Latitude
    43.121135

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    FAQs

    What type of property is this?
    Hunting land - 61-acre sugar maple and oak forest tract with existing homestead remnants, seasonal views, and outdoor recreation access.
    Where is this hunting land located?
    The property is located at 851 Bald Mountain Road CR 77 Greenwich, NY.
    What is the asking price?
    The asking price for this property is $269,900.
    What are key features of this property?
    This property features: 61 surveyed acres of sugar maple and oak forest with two heights of land for existing and potential views; County Route 77/Bald Mountain Road frontage on a paved, year‑round road with electric service at the roadside; Camp on‑site in tear‑down condition on a secluded site nearly 1,800 ft from Bald Mountain Road
    (518) 538-3373
    We can help!
    Listing Contact
    John O'Donnell
    Real Estate License ID: 10401305839
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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.

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    851 Bald Mountain Road, CR 77, Greenwich, NY 12834
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