Commercial Building on Route
For Sale
$325,000
Pending
208 Route 52, Carmel, NY 10512
High-visibility commercial property suitable for retail, office, or medical use.
Property Size861 SF
Lot Size0.21 Acres
Days on Market190
Property Features for 208 Route 52
General Information
Standard status
Pending
Size
861 SF
Lot size
0.21 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$10,262
Building Details
Building Size
861 SF
Year Built
1950
Units
1
Listing Agency:
Briante Realty Group, LLC
Listed By:
Angela J. Briante · License #10491201787
(845) 225-2020
Source:
Elliman
Added: Mar 10
Changed: Sep 14
Last Checked: Sep 15 at 6:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Briante Realty Group, LLC
Investment Insights
Based on property information with market context.
This commercial building offers exposure on Route 52, with approximately 13,000 vehicles passing by daily. The property is suitable for retail, office, or medical use. The space features floor-to-ceiling windows. Additional features include parking in the rear lot and road visibility. Recent updates include a basement water mitigation system, a new blacktop driveway, and fresh exterior paint. The property is zoned for commercial use only; residential use is not permitted.
Key Highlights
- High‑visibility location on Route 52 with approximately 13,000 vehicles passing daily.
- Suitable for Retail, Office, or Medical use.
- Ample parking in the rear lot.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,061
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$301,220
$301.2K
Cap Rate 7%
$215,157
$215.2K
Cap Rate 9%
$167,344
$167.3K
Market Conditions
NOI Build-Up for 861 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$23.4K $27.12/SF
− Vacancy
−$3.3K −$3.80/SF
EGI
$20.1K $23.32/SF
− OpEx
−$5.0K −$5.83/SF
NOI
$15.1K $17.49/SF
Area
Putnam County, NY
Vacancy
14.00%
Lease Rate
$27.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$301,220
Cap Rate 7%
$215,157
Cap Rate 9%
$167,344
Alternative Uses
Best Use
Office B
$215.2K
$188.3K – $251.0K
NOI $15,061 @ 7.0% cap · market cap 4.63%
Second Best
Retail
$199.4K
$174.5K – $232.7K
NOI $13,959 @ 7.0% cap · market cap 4.30%
Theoretical Best
Specialty Retail
$569.3K
$498.1K – $664.2K
NOI $39,849 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
Explore this area
Business Placement
Demographics for 10512, NY
24,664
Population
9,874
Households
2.5
Avg Household Size
46
Median Age
42%
College-Educated
93%
High-School Grad
52.2 sq mi
ZIP Area
472
Density / Sq Mi
$124,519
Median Household Income
$62,393
Median Earnings
$1,607
Median Rent
$401,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - High-visibility commercial property suitable for retail, office, or medical use.
Where is this retail space located?
The property is located at 208 Route 52 Carmel, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: High‑visibility location on Route 52 with approximately 13,000 vehicles passing daily.; Suitable for Retail, Office, or Medical use.; Ample parking in the rear lot.
