Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    145 Miller Rd Callicoon, NY 12723

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    145 Miller Rd Callicoon, NY 12723

    View on Map
    • Land
    • 110.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 145 Miller Rd

    Lot size
    110.50 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 110.5-acre property in the Catskill Mountains presents a unique investment opportunity. Located at 145 Miller Rd, Callicoon, NY 12723, in Sullivan County, this expansive land offers the potential for a thriving horse farm, equestrian center, or subdivision development. The property, identified as Sullivan Tax Map # 6-1-61.3, is offered at an asking price of $2,195,000. While the price per acre is not specified, the fee simple ownership provides complete control and potential for significant return. The existing infrastructure lends itself to equestrian uses, suggesting possibilities for riding trails and stabling. The seller is offering attractive financing terms: 30% down payment with a 70% balance financed at 6% interest-only for up to five years. There are no fees or prepayment penalties associated with this financing option. This remarkable property boasts breathtaking views and presents a rare chance to own a substantial piece of the Catskill landscape with significant development potential. The property's location in the Town of Delaware provides access to the natural beauty and recreational opportunities of the region. This is an ideal opportunity for an experienced equestrian or developer seeking a large-scale project in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Callicoon
    County
    Sullivan
    State
    New York
    Longitude
    -74.9506
    Latitude
    41.7558

    Comparable in this City

    • Value Estimation by Request
      100.00 Acres

      Radio Tower Rd

      Farms • 100.00 Acres
      0 Radio Tower Rd, Callicoon, NY 12723
      View Details
    • Value Estimation by Request
      7,240 SF

      30 Via Rd

      GRAIN ELEVATOR • 7,240 SF
      30 Via Rd, Callicoon, NY 12723-5120
      View Details
    • Value Estimation
      $12,125,000
      10.74 Acres

      164 Country Rd

      VACANT COMMERCIAL LAND • 10.74 Acres
      164 Country Rd, Callicoon, NY 12723-7712
      View Details
    • Value Estimation
      $12,125,000
      10.09 Acres

      164 Country Rd

      VACANT COMMERCIAL LAND • 10.09 Acres
      164 Country Rd, Callicoon, NY 12723-7712
      View Details
    • Value Estimation
      $12,125,000
      2.30 Acres

      Villa Roma Rd

      VACANT COMMERCIAL LAND • 2.30 Acres
      Villa Roma Rd, Callicoon, NY 12723
      View Details
    • Value Estimation
      $12,125,000
      1.34 Acres

      Villa Roma Rd

      VACANT COMMERCIAL LAND • 1.34 Acres
      Villa Roma Rd, Callicoon, NY 12723
      View Details

    Similar Nearby for Sale

    • $109,900

      Wooded Lot in Delaware Ridge

      6.17 acre wooded building lot with well and driveway.
      23 Serenity Dr, Callicoon, NY 12723
      View Details
    • $243,750
      7.50 Acres

      Secluded Land in Callicoon, NY

      7.5+- acre lot with open field and wooded terrain.
      Bauernfeind Rd, Callicoon, NY 12723
      View Details
    • $2,995,000

      Land For Sale

      Land available for sale in Callicoon, New York.
      356 Gabel Rd, Callicoon, NY 12723
      View Details
    • $649,000
      23.60 Acres

      23.6 Acres in Callicoon, NY

      Panoramic 23.6-acre land in Beechwoods, Callicoon, NY.
      04 Bauernfiend Rd, Callicoon, NY 12723
      View Details
    • Contact for pricing

      Land Available with Owner Financing

      Land in Callicoon, NY with owner financing.
      145 Miller Rd, Callicoon, NY 12723
      View Details
    • $31,900
      Pending

      Partially Cleared Land in Callicoon

      1.84 acres in the Catskills near the Delaware River.
      County Rd 164, Callicoon, NY 12723
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    145 Miller Rd
    Callicoon, NY 12723
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!