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    7271 Knapp St Sherburne, NY 13460
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    7271 Knapp St, Sherburne, NY 13460

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    • Land
    • 6.59 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 7271 Knapp St

    Lot size
    6.59 lot acres
    Property type
    Land

    Description

    This exceptional 6.59-acre commercial land parcel presents a unique development opportunity in Sherburne, New York, within Chenango County. Located at 7271 Knapp Street, this property boasts a desirable location, directly off Classic Street and adjacent to the Frontier Communications site. The flat topography simplifies development, making it an attractive option for builders and developers seeking a straightforward project. The site is one of two parcels owned by the seller, with this surplus land now available for purchase. Its convenient location within a mixed-use neighborhood, surrounded by established businesses, offers a peaceful yet accessible setting for new construction. The property's APN is 085603-044-160-0002-008-210-0000. This presents a chance to capitalize on a prime real estate asset in a welcoming community. The property is classified as vacant land and is ready for immediate development. The seller is open to cooperation with prospective buyers. This is an ideal location for a variety of commercial ventures, taking advantage of its proximity to existing businesses and convenient access. Don't miss this chance to build your vision in this thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sherburne
    County
    Chenango
    State
    New York
    Longitude
    -75.4985
    Latitude
    42.6807

    Comparable in this City

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      1.38 Acres

      Rear Main St St

      VACANT COMMERCIAL LAND
      Rear Main St St, Sherburne, NY 13460
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      1.00 Acre

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      INDUSTRIAL - VACANT LAND
      40 Main St, Sherburne, NY 13460-9804
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      0.41 Acres

      40 State St

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      40 State St, Sherburne, NY 13460-9427
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      1.05 Acres

      12 State St

      VACANT COMMERCIAL LAND
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    • Value Estimation by Request
      5.99 Acres

      County Rd, Unit 25

      VACANT COMMERCIAL LAND
      County Rd, Sherburne, NY 13460
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      6.59 Acres Vacant Land Parcel

      6.59-acre vacant land parcel in a mixed-use neighborhood.
      7271 Knapp St, Sherburne, NY 13460
      View Details
    • Contact for pricing
      7,735 SF

      Sherburne Dollar General Net Lease

      Net-leased Dollar General in Sherburne, NY with strong corporate guarantee.
      51 N Main St, Sherburne, NY 13460
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    • $219,000
      3,072 SF

      Turn-Key Tavern/Restaurant Opportunity

      Tavern/Restaurant in high-profile area with full kitchen and parking.
      20 Classic St, Sherburne, NY 13460
      View Details
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    Sherburne, NY 13460
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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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    7271 Knapp St, Sherburne, NY, 13460
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