Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    11 Lyman Pl Dobbs Ferry, NY 10522

    • Commercial real estate
    For Sale
    View listing
    $675,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5881253
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 11 Lyman Pl

    Property type
    Commercial real estate

    Description

    This exceptional 6,600 sq ft lot at 11 Lyman Place, #2, Dobbs Ferry, NY 10522, presents a unique opportunity to build a custom single-family residence. The property is zoned OF6 and comes with fully approved plans, making it permit-ready for immediate construction. The approved plans for this specific lot detail a stunning 4-bedroom, 3.5-bathroom home, encompassing 2,600 square feet of luxurious living space, complete with a convenient attached garage. This is a truly turnkey opportunity, offering the convenience of pre-approved plans and the potential for a custom-built home tailored to your exact specifications. The seller is also willing to construct the home for the buyer, streamlining the building process. Located in the desirable Dobbs Ferry, Westchester County, this property offers easy access to local amenities and excellent schools. This is an exceptional chance to own a piece of prime real estate in a sought-after location, allowing you to create your dream home without the hassle of navigating the planning and permitting process. Note that an additional approved lot is also available for purchase, offering further flexibility for potential buyers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dobbs Ferry
    County
    Westchester
    State
    New York
    Longitude
    -73.8575373
    Latitude
    41.0176163

    Comparable in this City

    • $675,000

      Dobbs Ferry Buildable Lot #1

      Prime Dobbs Ferry lot, approved plans, build your dream home.
      11 Lyman Pl, Dobbs Ferry, NY 10522
      View Details
    • $350,000

      Well-Maintained Co-op in Dobbs Ferry

      2-bedroom co-op with amenities near train, waterfront, and shops.
      101 Beacon Hill Dr, Dobbs Ferry, NY 10522
      View Details
    • Contact for pricing

      Dobbs Ferry Mixed-Use Investment

      Prime Dobbs Ferry location, high rental income.
      91 Main St, Dobbs Ferry, NY 10522
      View Details
    • $1,399,000

      Dobbs Ferry Village Multifamily

      Four-unit apartment building, high potential.
      25 Cedar St, Dobbs Ferry, NY 10522
      View Details
    • $749,000

      Commercial Building in Dobbs Ferry

      Vacant corner property with commercial space and residential units.
      200 Ashford Ave, Dobbs Ferry, NY 10522
      View Details
    • $349,900

      Updated Co-op with Modern Amenities

      Updated two-bedroom co-op with pool, playground, and convenient location.
      17 Manor House Dr, Dobbs Ferry, NY 10522
      View Details

    Similar Nearby for Sale

    • $675,000

      Dobbs Ferry Buildable Lot #1

      Prime Dobbs Ferry lot, approved plans, build your dream home.
      11 Lyman Pl, Dobbs Ferry, NY 10522
      View Details
    • $350,000

      Well-Maintained Co-op in Dobbs Ferry

      2-bedroom co-op with amenities near train, waterfront, and shops.
      101 Beacon Hill Dr, Dobbs Ferry, NY 10522
      View Details
    • Contact for pricing

      Dobbs Ferry Mixed-Use Investment

      Prime Dobbs Ferry location, high rental income.
      91 Main St, Dobbs Ferry, NY 10522
      View Details
    • $1,399,000

      Dobbs Ferry Village Multifamily

      Four-unit apartment building, high potential.
      25 Cedar St, Dobbs Ferry, NY 10522
      View Details
    • $749,000

      Commercial Building in Dobbs Ferry

      Vacant corner property with commercial space and residential units.
      200 Ashford Ave, Dobbs Ferry, NY 10522
      View Details
    • $349,900

      Updated Co-op with Modern Amenities

      Updated two-bedroom co-op with pool, playground, and convenient location.
      17 Manor House Dr, Dobbs Ferry, NY 10522
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo
      1,700 SF

      Ardsley School District Home

      Three-bedroom home in excellent condition, Ardsley School District.
      14 Southfield Ave, Dobbs Ferry, NY 10522
      View Details
    • $3,300 /Mo

      Spacious Apartment with River Views

      Two-bedroom apartment in Dobbs Ferry with Hudson River views.
      36 Broadway, Dobbs Ferry, NY 10522
      View Details
    • $3,200 /Mo

      New Dobbs Ferry Apartment

      New one-bedroom apartment in vibrant Dobbs Ferry, available December 1st.
      78 Main St, Dobbs Ferry, NY 10522
      View Details
    • $6,000 /Mo

      Refreshed Home in Dobbs Ferry

      Four-bedroom, 1.5-bathroom rental near shops, dining, and Metro-North.
      135 Ashford Ave, Dobbs Ferry, NY 10522
      View Details
    • $10 SF/Yr

      Paved Lot in Westchester Location

      60,000 SF paved lot suitable for various commercial uses.
      2 Blanchard Ave, Dobbs Ferry, NY 10522
      View Details
    • $4,000 /Mo

      Prime Storefront in Dobbs Ferry

      Versatile storefront in vibrant Dobbs Ferry, available September 1, 2025.
      86 Main St, Dobbs Ferry, NY 10522
      View Details
    Request Owner's contact information
    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.
    11 Lyman Pl
    Dobbs Ferry, NY 10522
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.