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    Perrys Corners Rd Amenia, NY 12501

    Sponsored
    For Sale
    $2,034,630

    Prime Agricultural & Commercial Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 156.51-acre property in Dutchess County, NY, presents a unique opportunity for diverse uses. Zoned RR, it offers breathtaking privacy with stunning meadows and woodlands, ideal for organic farming, equestrian activities, or a private estate. The land boasts approximately 116.51 wooded acres, providing ample space for exploration and development. Its secluded location, yet convenient proximity to the Wassaic Train Station and charming nearby villages like Millerton, Sharon, Salisbury, CT, and the Hamlet of Amenia, ensures both tranquility and accessibility. The property's APN is 13200000716800001804600000, and it's located on Perrys Corners Rd, Amenia, NY 12501 (41.8822253, -73.5522105). This pristine canvas awaits your vision, whether it's a large-scale agricultural venture, a private retreat, or a combination of both. The asking price is $2,034,630. The property is suitable for a variety of uses, including but not limited to, farming, private residences, and other commercial ventures permitted under the RR zoning designation. The significant acreage and secluded setting provide a rare opportunity for those seeking a substantial landholding in a desirable location. The property's proximity to nearby towns and the train station adds to its appeal and practicality.

    Property Features for 0 Perrys Corners Rd

    General Information

    Property type
    Farms
    Lot Size
    6,817,576 SF

    HighLights

    • $2,034,630 asking price
    • 156.51‑acre land parcel in Amenia, NY
    • RR zoning
    • APN: 13200000716800001804600000
    • Agricultural and commercial uses permitted
    • Conveniently located near Wassaic Train Station and charming nearby villages.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Amenia
    County
    Dutchess
    State
    New York
    Longitude
    -73.5522105
    Latitude
    41.8822253

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    FAQs

    What type of property is this?
    Farm - Prime Agricultural & Commercial Land
    Where is this farm located?
    The property is located at Perrys Corners Rd Amenia, NY.
    What is the asking price?
    The asking price for this property is $2,034,630.
    What are key features of this property?
    This property features: $2,034,630 asking price; 156.51-acre land parcel in Amenia, NY; RR zoning
    Request Owner's contact information
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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.

    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
    Perrys Corners Rd Amenia, NY 12501
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