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    1000 Ny-12 Sangerfield, NY 13480

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    For Sale
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    Prime Development Site, Hwy 12 Access

    Property size:
    392,697 SF

    Property Features for 1000 Ny-12

    General Information

    Property type
    Land
    Square Feet
    392,697 SF
    Lot Size
    435,600 SF

    Building Details

    Year Built
    999

    We can help!

    Listing Contact
    Matthew Pryputniewicz
    Matthew Pryputniewicz

    Listing Agency: Berkshire Hathaway HomeServices CNY Realty Listing Agent: Matthew Pryputniewicz

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

    Learn more

    Overview

    This exceptional 10+ acre property in Sangerfield, NY, offers unparalleled development potential. Located at 1000 NY-12 (Waterville), this vacant land boasts 606 feet of road frontage on Route 12, providing excellent visibility and access to US Route 20. The site includes three tax parcels (APN: 398.000-2-5.1, 398.000-2-6) and is zoned for commercial use (Comm 1). An existing 3356 square foot house is present and could be renovated or demolished to accommodate new construction. The property benefits from public water, natural gas, and 220V, 3-phase electrical service, along with excellent septic capabilities and a gravel base. With ample on-site parking (999 spaces), this location is ideal for a variety of commercial or industrial uses. The property is situated in a thriving agri-business corridor, surrounded by established businesses such as Titan Homes Manufacturing, Wayne Feeds, and others. The asking price is $650,000. The total square footage of the land is 392,697. Buyers have the flexibility to purchase the entire 10+ acres or a portion thereof, offering customized options to suit individual needs. This high-visibility location presents a rare opportunity for significant return on investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sangerfield
    County
    Oneida
    State
    New York
    Longitude
    -75.3791099
    Latitude
    42.9144145

    Nearby Similar for Sale

    • $200,000

      Landmark Building Near Waterville, NY

      2.5-story, 4,500 SF building with high visibility.
      7672 Us Rt 20, Sangerfield, NY 13480
      View Details

    FAQs

    What type of property is this?
    Land - Prime Development Site, Hwy 12 Access
    Where is this land located?
    The property is located at 1000 Ny-12 Sangerfield, NY.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 10-acre commercial/industrial land parcel for sale at $650,000.; Features 220V, 3-phase electrical service.; Located in a prime agricultural and business district with excellent highway access.
    (315) 794-3305 Call to check price and availability
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    1000 Ny-12 Sangerfield, NY 13480
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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
    1000 Ny-12 Sangerfield, NY 13480
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matthew Pryputniewicz
    Matthew Pryputniewicz
    Real Estate License ID: 40PR0919917
    (315) 794-3305 (315) 733-0463
    Learn more
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