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    Large Recreational Development Tract Title is generated by Realmo AI

    Forrester Road, Jamaica, VT 05343

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    For Sale
    $1,450,000

    LAND - Jamaica, VT

    Lot size:
    201.40 Acres
    Added:
    Apr 6, 2026
    Days on Market:
    61
    Last Refresh:
    Jun 5 at 2:06 pm

    Property Features for Forrester Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    201.40 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    8757

    Utilities

    Sewer type
    Septic Needed
    Water source
    Private, Well
    Water front
    1

    We can help!

    Listing Contact
    Chris Lowe

    Listing agent Chris Lowe

    Listing office Lowe's Real Estate, LLC 307 Knight Road, Jamaica, VT

    Listing date Apr 6, 2026

    MLS# 5082418 Listing URL

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

    HighLights

    • Over 200‑acre tract abutting more than 1,100 acres of Green Mountain National Forest
    • Easy owned access on Forrester Pond and less than 3 miles to Stratton Mountain Resort
    • Multiple drilled wells on the property; water source listed as private/well
    • Sewer is listed as septic needed
    • Only 18 acres currently gravel pit and being reclaimed/closed out, per the Vermont Land Use Permit 2W1316
    • Western plateau includes an elevation of about 1,800 feet with views of Stratton Sun Bowl and Mount Snow

    Overview

    This 201.4-acre property offers a large, private land setting with natural wooded areas, rolling hills, and portions at higher elevation. Approximately 18 acres are currently gravel pit area, which the seller notes is being reclaimed and closed out under Vermont Land Use Permit 2W1316. The land also includes multiple drilled wells distributed throughout the property and an old foundation. Access is described as owned access on Forrester Pond, and the property features a western plateau with an approximately 1,800-foot elevation that can provide views of Stratton Sun Bowl and Mount Snow.

    The tract abuts more than 1,100 additional acres of Green Mountain National Forest. The property is described as less than 3 miles to Stratton Mountain Resort, and it is located in Jamaica, a town noted in the remarks as having no zoning. The listing also states that work with heavy equipment is conducted on site regularly, and drive-bys are discouraged.

    For buyers seeking an off-grid or low-regulation land opportunity for residential and recreational use, the combination of forest adjacency, existing water sources via drilled wells, and a portion already in reclamation is noteworthy. Prospective buyers who want to evaluate future site planning should review the referenced permit information and coordinate any site visits in advance given current onsite activity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mining land & claims

    Map

    City
    Jamaica
    County
    Windham
    State
    Vermont
    Longitude
    -72.86636772
    Latitude
    43.07083937

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      Recreation Land Parcel with Permits

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      Vermont Land Near Pikes Falls

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    FAQs

    What type of property is this?
    Mining land & claim - A 200+ acre tract with gravel pit reclamation underway, drilled wells, and forest adjacency near Stratton Mountain Resort.
    Where is this mining land & claim located?
    The property is located at Forrester Road Jamaica, VT.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: Over 200‑acre tract abutting more than 1,100 acres of Green Mountain National Forest; Easy owned access on Forrester Pond and less than 3 miles to Stratton Mountain Resort; Multiple drilled wells on the property; water source listed as private/well
    (800) 277-1627
    We can help!
    Listing Contact
    Chris Lowe
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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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