2586 Hoffman Road
About This Property
Discover the perfect spot to create your dream home or vacation retreat on this desirable buildable lot in the heart of the Adirondacks. Located on Hoffman Road, this property offers miles of trails and privacy and quick access to I-87 for effortless travel. Just minutes from the village of Schroon Lake, you'll enjoy the public beach, boat launch, shops, restaurants, and year-round events. Surrounded by endless outdoor recreation-boating, fishing, hiking, snowmobiling, and more-this lot combines a peaceful wooded setting with unbeatable convenience. Whether you're building a seasonal getaway or a full-time residence, this property is your gateway to the Adirondack lifestyle!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 5, 2026 | Sold | ||
| Sold | |||
| Dec 12, 2025 | In contract | - | |
| In contract | |||
| Oct 16, 2025 | Price Decreased |
$239,000
↓ $10K
(4%) | |
| Price Decreased | |||
| Aug 14, 2025 | Listed by Four Seasons Sothebys International Realty | $249,000 | |
| Listed by Four Seasons Sothebys International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017