We develop an efficient algorithm to implement the recently introduced binary tree state (BTS) ansatz on a classical computer. BTS allows a simple approximation to permanents arising from the computationally intractable antisymmetric product of interacting geminals and respects size-consistency. We show how to compute BTS overlap and reduced density matrices efficiently. We also explore two routes for developing correlated BTS approaches: Jastrow coupled cluster on BTS and linear combinations of BT states. The resulting methods show great promise in benchmark applications to the reduced Bardeen-Cooper-Schrieffer Hamiltonian and the one-dimensional XXZ Heisenberg Hamiltonian.