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    417 Tea Cup St Cold Brook, NY 13324

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    417 Tea Cup St Cold Brook, NY 13324

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    • Commercial real estate
    Off-Market
    Property ID
    US63-4306848
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 417 Tea Cup St

    Property type
    Commercial real estate

    Description

    Discover this exceptional 98+ acre hunting haven in Cold Brook, New York, nestled in Herkimer County. Priced at $194,900, this expansive property boasts heavily wooded terrain bordering state land, offering unparalleled privacy and access to abundant wildlife. Mill Creek meanders through the land, enhancing its natural beauty and providing a tranquil setting. A natural spring feeds wetlands, creating a thriving ecosystem teeming with beavers, ducks, rabbits, deer, and more. The property includes a small camp, an RV shed with an RV, and partially completed structures including a jungle gym/climbing wall (materials provided). A charming gazebo by the creek offers a peaceful retreat. Located just a short distance from town for convenient access to amenities, this property is also within 2-3 miles of Black Creek Reservoir Falls and State Forest, providing additional recreational opportunities. The land has remained untouched by logging for over 20 years, preserving its pristine natural state. This unique property presents a rare opportunity to own a secluded yet accessible piece of New York wilderness. The property is zoned residential, and is sold as-is.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cold Brook
    County
    Herkimer
    State
    New York
    Longitude
    -74.923795
    Latitude
    43.275047

    Comparable in this City

    • $379,900

      Adirondack Park 10-Acre Barndominium Farmhouse

      10 acres with barndominium and farmhouse in Adirondack Park.
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    • $379,900
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      Farm/Estate with Income Potential

      10-acre property with barndominium and farmhouse near Hinckley Reservoir.
      2192 State Route 8, Cold Brook, NY 13324
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    • $69,995
      12.03 Acres

      Wooded Land Near Adirondack Forest

      12+ acres of wooded land with building approvals in place.
      1.3 Farr Rd, Ohio, NY 13324
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    • $79,995
      12.03 Acres

      Wooded Land in Adirondacks

      Wooded 12-acre property ideal for rural home or camp.
      1.1 Farr Rd, Ohio, NY 13324
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    • $59,995
      12.00 Acres

      Recreational Land Near Black River Forest

      12-acre parcel perfect for camping or cabin construction.
      1.4 Farr Rd, Ohio, NY 13324
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    • $225,000
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      Adirondack Park Vacant Land Parcel

      112.7 acre parcel in Adirondack Park with timber.
      Rt 8, Cold Brook, NY 13324
      View Details

    Similar Nearby for Sale

    • $379,900

      Adirondack Park 10-Acre Barndominium Farmhouse

      10 acres with barndominium and farmhouse in Adirondack Park.
      2192 State Route 8, Ohio, NY 13324
      View Details
    • $379,900
      1,967 SF

      Farm/Estate with Income Potential

      10-acre property with barndominium and farmhouse near Hinckley Reservoir.
      2192 State Route 8, Cold Brook, NY 13324
      View Details
    • $69,995
      12.03 Acres

      Wooded Land Near Adirondack Forest

      12+ acres of wooded land with building approvals in place.
      1.3 Farr Rd, Ohio, NY 13324
      View Details
    • $79,995
      12.03 Acres

      Wooded Land in Adirondacks

      Wooded 12-acre property ideal for rural home or camp.
      1.1 Farr Rd, Ohio, NY 13324
      View Details
    • $59,995
      12.00 Acres

      Recreational Land Near Black River Forest

      12-acre parcel perfect for camping or cabin construction.
      1.4 Farr Rd, Ohio, NY 13324
      View Details
    • $225,000
      112.70 Acres

      Adirondack Park Vacant Land Parcel

      112.7 acre parcel in Adirondack Park with timber.
      Rt 8, Cold Brook, NY 13324
      View Details
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    417 Tea Cup St
    Cold Brook, NY 13324
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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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