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    Property profile & analytics

    1264 Ny-52 Carmel Hamlet, NY 10512

    • Land
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1264 Ny-52

    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 22+ acre industrial land parcel in Carmel Hamlet, New York, presents a unique investment opportunity. Located at 1264 NY-52, Putnam County, zip code 10512 (41.505072, -73.682969), this property boasts an advantageous location with convenient access to I-84, significantly enhancing logistics and transportation efficiency. The land is zoned IOC and has already received approvals for the construction of a substantial warehouse facility exceeding 26,000 square feet. Furthermore, the site plan includes ample outdoor storage space, ideally suited for a contractor's yard or similar operations. All necessary grading and site work have been completed, eliminating significant pre-construction hurdles and accelerating the development timeline. This turnkey solution offers substantial cost savings and reduced project risk. The existing approvals and completed site preparation make this a highly attractive proposition for developers seeking a quick path to construction. The potential exists for expansion beyond the initially approved square footage, capitalizing on the significant acreage available. This prime location and the existing infrastructure make this a truly exceptional opportunity for immediate development and long-term growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carmel Hamlet
    County
    Putnam
    State
    New York
    Longitude
    -73.683
    Latitude
    41.5051

    Comparable in this City

    • Value Estimation by Request

      245 Nichols St

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      200.00 Acres

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      Land • 200.00 Acres
      0 Ny-52, Kent, NY 10512
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      6.87 Acres

      238 Ny-52

      Land • 6.87 Acres
      238 Ny-52, Carmel Hamlet, NY 10512
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    • Value Estimation by Request

      Carmel, NY 10512

      REFINERY, PETROLEUM PRODUCTS
      Carmel, NY 10512
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    • Value Estimation by Request
      5,240 SF

      1240 Ny-52

      Distribution properties • 5,240 SF
      1240 Ny-52, Carmel Hamlet, NY 10512
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    • Value Estimation
      $3,995,000
      3,880 SF

      301 Rte 52

      LUMBERYARD, BUILDING MATERIALS • 3,880 SF
      301 Rte 52, Carmel, NY 10512-5713
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Route 52 Warehouse Development Site

      135 Acres, I-84 Access, High Potential
      245 Nichols St, Carmel Hamlet, NY 10512
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      200.00 Acres

      Prime Kent, NY Industrial Land

      200-acre development site, I-84 access.
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      Prime Carmel Hamlet Industrial Land

      22+ Acres, I-84 Access, Approved Warehouse
      1264 Ny-52, Carmel Hamlet, NY 10512
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      Carmel Hamlet Redevelopment Site

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      Carmel Hamlet Raw Land Opportunity

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    • $549,999

      Carmel Land Parcel For Sale

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    Similar Nearby for Lease

    • $15 SF/Yr
      60,000 SF

      I-84 Industrial Building, Carmel Hamlet, NY

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      Heated Garage Bays For Rent

      Multiple rental opportunities for businesses, contractors, or trades.
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    • $2,500 /Mo

      Heated Garage Bays For Rent

      Multiple rental options for businesses, contractors, or trades.
      371 Shear Hl Rd Bay, Carmel, NY 10512
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    • $16 SF/Yr
      128,938 SF

      High-Clearance Warehouse in Carmel, NY

      Industrial-zoned property with 29' ceilings, ideal for warehouse, distribution.
      96 Commerce Dr, Carmel, NY 10512
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    • $850 /Mo

      Carmel Retail Space For Lease

      250 sq ft retail space on busy Route 52.
      507 501, Carmel, NY 10512
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    • $1,600 /Mo
      374,616 SF

      Carmel, NY - Garage Space

      Heated 4-car garage with ample space and commercial potential.
      401 Nichols St, Carmel, NY 10512
      View Details
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    Carmel Hamlet, NY 10512
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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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