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    Property profile & analytics

    5246 Ny-22 Amenia, NY 12501

    • Land
    • 389.21 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 5246 Ny-22

    Lot size
    389.21 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 389-acre property in Amenia, NY, presents a unique opportunity for a variety of uses. Boasting panoramic views, the land features a gentle topography of rolling hills and is currently actively farmed, ideal for organic farming, livestock, equestrian activities, or recreational pursuits. With 2,500 feet of frontage on NY Route 22 and 2,595 feet on Sharon Station Road, access is convenient. Multiple potential building sites offer privacy and stunning sunup-to-sundown views. The property includes ponds and streams, well-maintained trails, and direct access to the Harlem Valley Rail Trail. Zoned RA, the property offers potential for subdivision and other development opportunities, subject to permitted zoning and special use permits. Located just three minutes from Amenia's town center, fifteen minutes from Millbrook, and two hours from New York City, this property combines rural tranquility with convenient access to amenities. The property taxes, with agricultural and forestry exemptions, are $6,819. This expansive acreage presents an unparalleled opportunity to create a private retreat or develop a significant project.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Amenia
    County
    Dutchess
    State
    New York
    Longitude
    -73.5305
    Latitude
    41.8796

    Comparable in this City

    • Value Estimation by Request
      206.14 Acres

      Cascade Mt / Perrys Cor Rd

      Farms • 206.14 Acres
      0 Cascade Mt / Perrys Cor Rd, Amenia, NY 12501
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    • Value Estimation by Request
      156.51 Acres

      Perrys Corners Rd

      Farms • 156.51 Acres
      0 Perrys Corners Rd, Amenia, NY 12501
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    • Value Estimation by Request
      49.63 Acres

      Cascade Mountain Rd

      Land • 49.63 Acres
      0 Cascade Mountain Rd, Amenia, NY 12501
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    • Value Estimation by Request
      3.50 Acres

      Mechanic St

      VACANT COMMERCIAL LAND • 3.50 Acres
      Mechanic St, Amenia, NY 12501
      View Details
    • Value Estimation by Request
      2.04 Acres

      Rte 22

      INDUSTRIAL - VACANT LAND • 2.04 Acres
      Rte 22, Amenia, NY 12501
      View Details
    • Value Estimation by Request
      0.29 Acres

      Rte 22

      VACANT COMMERCIAL LAND • 0.29 Acres
      Rte 22, Amenia, NY 12501
      View Details

    Similar Nearby for Sale

    • $2,034,630
      156.51 Acres

      Amenia, NY Farmland - 156 Acres

      Prime Agricultural & Commercial Land
      0 Perrys Corners Rd, Amenia, NY 12501
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    • $2,513,600
      206.14 Acres

      Prime Amenia Agricultural Land

      206 Acres, Scenic Views, Organic Potential
      0 Cascade Mt / Perrys Cor Rd, Amenia, NY 12501
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    • $2,400,000

      102 Acres Hudson Valley Views

      102 acres with views, barns, and a 3-bedroom home.
      4848 Route 44, Amenia, NY 12501
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    • $479,000
      49.63 Acres

      Amenia Commercial Land - 49 Acres

      Prime Dutchess County commercial land, 49.63 acres.
      0 Cascade Mountain Rd, Amenia, NY 12501
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    • $350,000

      Amenia Two-Family Home with Garage

      Two-family home in great location, close to amenities.
      782 Old Route 22, Amenia, NY 12501
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    • $2,513,600

      206 Acres of Rural Land

      206.14 acres of rolling hills and mature forests.
      / Perrys Cors Cascade Mt, Amenia, NY 12501
      View Details
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    5246 Ny-22
    Amenia, NY 12501
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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
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