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    1545 Route 22 Brewster, NY 10509
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    Property profile & analytics

    1545 Route 22 Brewster, NY 10509

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    • Retail properties & Spaces
    • 2,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1545 Route 22

    Year built
    1961
    Property size
    2,000 SF
    Property type
    Retail properties & Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brewster
    County
    Putnam County
    State
    New York
    Longitude
    -73.5783
    Latitude
    41.4233

    Comparable in this City

    • Value Estimation by Request
      22,164 SF

      1037 Ny-22

      Restaurants • 22,164 SF
      1037 Ny-22, Brewster, NY 10509
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    • Value Estimation by Request
      2,315 SF

      1485 Route 22

      Retail properties & Spaces • 2,315 SF
      1485 Route 22, Brewster, NY 10509
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    • Value Estimation by Request
      27,600 SF

      2505 Carmel Ave

      Neighborhood centers • 27,600 SF
      2505 Carmel Ave, Brewster, NY 10509
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    • Value Estimation by Request
      3.68 Acres

      3903 Danbury Rd

      Retail properties & Spaces • 20,000 SF
      3903 Danbury Rd, Brewster, NY 10509
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    • Value Estimation by Request
      2,315 SF

      1485 Route 22

      Retail properties & Spaces • 2,315 SF
      1485 Route 22, Brewster, NY 10509
      View Details
    • Value Estimation by Request
      59,928 SF

      420 Clock Tower Cmns Dr

      Restaurants • 59,928 SF
      420 Clock Tower Cmns Dr, Brewster, NY 10509
      View Details

    Similar Nearby for Sale

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      Gas Station and Repair Shop

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      Brewster Retail/Office/Medical Opportunity

      21,446 SF building on 4.33 acres, Route 22, Brewster.
      1037 Route 22, Brewster, NY 10509
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      Established Retail/Office Complex For Sale

      Fully occupied, well-maintained retail/office complex with strong tenant retention.
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      Retail/Automotive Site For Sale/Lease

      Retail or automotive pad sites available for sale or lease.
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    • Contact for pricing
      5,000 SF

      Retail Center in Brewster, NY

      Multi-tenant retail center with essential grocer and nail salon.
      196 E Main St, Brewster, NY 10509
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    Similar Nearby for Lease

    • $2,000 /Mo
      446,490 SF

      Brewster Commercial Garage Space Available

      Two-car garage with side entrance, suitable for storage or business.
      2022 Route 22, Brewster, NY 10509
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    • $1,400 /Mo

      Retail Space Near Brewster Station

      Commuter-oriented retail space ideal for coffee shop near train station.
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      2,030 SF

      Retail Space in Regional Center

      Retail space available in dominant regional power center.
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      6,500 SF

      Retail Space in Busy Center

      High-traffic shopping center location on Routes 22 & 312.
      1620 Ny-22, Brewster, NY 10509
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    • $1,500 /Mo

      New Commercial Space on Main

      Versatile commercial unit suitable for offices, studios, or retail.
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    • $1,400 /Mo

      Retail Space Near Brewster Station

      Commuter-oriented retail space ideal for coffee concept.
      4 Main St, Brewster, NY 10509
      View Details
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    1545 Route 22
    Brewster, NY 10509
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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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    1545 Route 22, Brewster, NY, 10509
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