Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    245 Nichols St Carmel Hamlet, NY 10512

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    135 Acres, I-84 Access, High Potential

    Property Features for 245 Nichols St

    General Information

    Property type
    Industrial properties

    We can help!

    Listing Contact
    Ryan P. Mcgrath
    Ryan P. Mcgrath

    Listing Agency: McGrath Realty Inc Listing Agent: Ryan P. Mcgrath

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 135-acre development site, located at 245 Nichols St, Carmel Hamlet, NY 10512, presents a unique opportunity for large-scale industrial development. Zoned PUD (Planned Unit Development) in Putnam County, this expansive parcel of rolling land offers unparalleled potential for a substantial warehouse and/or office complex. Preliminary approvals are in place, streamlining the development process. The property boasts convenient access to major transportation arteries, including Route 52, Interstate 84, and Interstate 684, ensuring seamless logistics and efficient distribution networks. Its proximity to railway lines and airports further enhances its strategic location and accessibility. This prime location allows for the construction of over 400,000 square feet of warehouse space, making it an ideal investment for developers seeking a significant project with high returns. The property's size and strategic location make it a rare find in the thriving New York market. Contact us today to discuss pricing and explore the possibilities of this exceptional development opportunity. This is a truly remarkable chance to acquire a substantial land parcel with significant development potential in a highly desirable location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Carmel Hamlet
    County
    Putnam
    State
    New York
    Longitude
    -73.6972249
    Latitude
    41.4443903

    Nearby Similar for Sale

    • $3,500,000
      5,240 SF

      Prime Carmel Hamlet Industrial Property

      13-Acre Flex/Warehouse, Owner-User Opportunity
      1240 Ny-52, Carmel Hamlet, NY 10512
      View Details
    • $4,250,000
      8,557 SF

      Mahopac Diner for Sale

      Prime NY Diner, 8,557 SF, High Traffic
      195 Us-6, Carmel Hamlet, NY 10541
      View Details
    • Contact for pricing
      42,000 SF

      Gateway Retail Center: Carmel, NY

      Three Buildings, Ample Parking, High Visibility
      0 Rte 6, Carmel Hamlet, NY 10512
      View Details

    FAQs

    What type of property is this?
    Industrial property - 135 Acres, I-84 Access, High Potential
    Where is this industrial property located?
    The property is located at 245 Nichols St Carmel Hamlet, NY.
    What are key features of this property?
    This property features: Price Upon Request; Land/Warehouse Property; Industrial Zoning
    (845) 896-5444 Call to check price and availability
    Request Owner's contact information
    245 Nichols St Carmel Hamlet, NY 10512
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    245 Nichols St
    Carmel Hamlet, NY 10512
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    245 Nichols St Carmel Hamlet, NY 10512
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ryan P. Mcgrath
    Ryan P. Mcgrath
    Real Estate License ID: 10401313731
    (845) 896-5444 (914) 589-3712 (845) 855-5550
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!