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    North Salem Office Space Available Title is generated by Realmo AI

    56 June Rd 4, North Salem, NY 10560

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    For Lease
    $875/Mo $26 SF/Yr (calc)

    Professional office space in a convenient, high-traffic North Salem location.

    Type:Commercial
    Property size:
    400 SF
    Added:
    May 15, 2026
    Days on Market:
    16
    Last Refresh:
    May 15 at 4:00 pm

    Property Features for 56 June Rd 4

    General Information

    Standard status
    Active
    Size
    400 SF
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Angela J. Briante
    Angela J. Briante

    Listing agent Angela J. Briante License #10491201787

    Listing office Briante Realty Group, LLC

    Listing date May 15, 2026

    Source Elliman

    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

    HighLights

    • Prime location in the heart of North Salem's central business hub
    • High visibility and steady daily traffic due to co‑location with established businesses (pizza shop, post office)
    • Bright, professional office space with approximately 400 SQFT
    • Large deck overlooking a wooded and serene environment
    • Meticulously maintained building
    • Plenty of parking

    Overview

    Located at 56 June Road in North Salem, this office space offers approximately 400 square feet within a well-maintained building. The property is situated in the town’s central business hub, benefiting from steady daily traffic and community visibility. The office features a large deck overlooking a wooded environment. The location is in the same plaza as a pizza shop, post office, and other established professional businesses. This second-floor office is suitable for professional office use or small business operations seeking a convenient location. There is ample parking available. Other office options in the same complex are available under separate listings at 60 June Road.
    Location Intelligence

    Current Use by Public Records

    Michele L. Leasure, ... Physician Seeds of Ayurveda Physician Gretchen Caravello Physician Susan Lambros Physician

    Suggested Use

    Restaurant Law Firm Building Supply Hotel & Motel Gym & Fitness Center Department Store Kitchen & Bath Showroom Food Market Accounting Firm Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Salem
    County
    Westchester
    State
    New York
    Longitude
    -73.5913039
    Latitude
    41.3278226

    Nearby Similar for Lease

    • $875/Mo
      400 SF

      North Salem Office Space Available

      Professional office space in a desirable North Salem location.
      60 June Road, North Salem, NY 10560
      View Details
    • $875/Mo
      400 SF

      North Salem Office Space Available

      Bright office space in North Salem's central business hub.
      56 June Road, North Salem, NY 10560
      View Details
    • $875/Mo
      400 SF

      North Salem Office Space Available

      Professional office space in a central, high-traffic North Salem location.
      60 June Road, North Salem, NY 10560
      View Details
    • $875/Mo
      400 SF

      Professional Office Space in Salem

      Bright office space in a meticulously maintained building.
      60 June Rd 204, North Salem, NY 10560
      View Details
    • $2,900/Mo

      North Salem Apartment Rental

      Clean, sunny apartment near train, shopping, and parks.
      104 Titicus Rd B, North Salem, NY 10560
      View Details
    • $2,100/Mo
      4,800 SF

      North Salem Office and Residential

      Office building and two-family residential investment opportunity in North Salem.
      509 New York 22, North Salem, NY
      View Details

    FAQs

    What type of property is this?
    Office units - Professional office space in a convenient, high-traffic North Salem location.
    Where is this office units located?
    The property is located at 56 June Rd 4 North Salem, NY.
    What is the lease rate?
    The lease rate is $875 /Mo.
    What are key features of this property?
    This property features: Prime location in the heart of North Salem's central business hub; High visibility and steady daily traffic due to co‑location with established businesses (pizza shop, post office); Bright, professional office space with approximately 400 SQFT
    (845) 225-2020
    We can help!
    Listing Contact
    Angela J. Briante
    Angela J. Briante
    Real Estate License ID: 10491201787
    Learn More
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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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