Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Putnam Dr Carmel Hamlet, NY 10512
    Property profile & analytics

    Putnam Dr, Carmel Hamlet, NY 10512

    View on Map
    • Retail properties & Spaces
    • 189,394 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Putnam Dr

    Property type
    Retail properties & Spaces
    Property subtype
    Shopping centers

    Description

    Putnam Plaza, located at Putnam Dr, Lake Carmel, NY 10512, presents a unique opportunity for retail and restaurant businesses. This prominent shopping center, situated on Route 6 in Putnam County, offers exceptional visibility and accessibility, just minutes from I-84 and major roadways. The property boasts a total of 189,394 square feet, encompassing eleven individual suites, providing flexibility for various business needs. Spaces range from a minimum of 1,350 square feet to a maximum contiguous space of 8,930 square feet, catering to a diverse range of tenants. Currently, there are 26,219 square feet of vacant space available for immediate occupancy. The property's strategic location in the thriving Carmel Hamlet community ensures high foot traffic and strong potential for business growth. This is an ideal opportunity for businesses seeking a well-established location with ample space and convenient access to major transportation routes. The property's multiple suite configuration allows for diverse tenancy options, creating a vibrant and dynamic shopping environment. Don't miss this chance to secure your space in this thriving Putnam County retail center.

    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
    -73.6609
    Latitude
    41.4738

    Comparable in this City

    • Value Estimation by Request
      53,303 SF

      1905 Us-6

      Lifestyle centers
      1905 Us-6, Carmel Hamlet, NY 10512
      View Details
    • Value Estimation by Request
      8,557 SF

      195 Route 6

      Retail properties & Spaces
      195 Route 6, Carmel, NY 10512
      View Details
    • Value Estimation by Request
      42,000 SF

      6 Rte

      Retail properties & Spaces
      6 Rte, Carmel Hamlet, NY 10512
      View Details
    • Value Estimation by Request
      42,000 SF

      6 Rte

      Individual retail properties
      6 Rte, Carmel Hamlet, NY 10512
      View Details
    • Value Estimation by Request
      142,341 SF

      150-180 Rte

      Retail properties & Spaces
      150-180 Rte, Carmel Hamlet, NY 10512
      View Details
    • Value Estimation by Request
      15,000 SF

      1819 Rte

      Retail properties & Spaces
      1819 Rte, Carmel Hamlet, NY 10512
      View Details

    Similar Nearby for Sale

    • $299,000

      Historic Commercial Building in Carmel

      Prime location with high traffic, ideal for various businesses.
      57 Gleneida Ave, Carmel, NY 10512
      View Details
    • $600,000
      5,731 SF

      High-Visibility Carmel Retail Space

      Prime Carmel location, high traffic, lake views.
      34 Gleneida Ave, Carmel, NY 10512
      View Details
    • Contact for pricing

      Mixed-Use Investment Opportunity

      Mixed-use property with income and value creation potential.
      529-533 Route 52, Carmel, NY 10512
      View Details
    • $1,299,000

      Versatile Commercial Building on Route 6

      High-visibility commercial building suitable for diverse business uses.
      1995 Route 6, Carmel, NY 10512
      View Details
    • $299,000

      Historic Carmel Bar and Restaurant

      Iconic bar and restaurant in the heart of Carmel Hamlet.
      59 Gleneida Ave, Carmel, NY 10512
      View Details

    Similar Nearby for Lease

    • $3,300 /Mo
      Pending

      Corner Commercial Space Near Lake

      Turn-key retail/restaurant space with outdoor seating and private parking.
      105 Towners Ste 102 Rd, Carmel, NY 10512
      View Details
    • Contact for pricing

      Carmel Hamlet Retail Space Available

      21,911 SF retail space in busy shopping center.
      1905 Us-6, Carmel, NY 10512
      View Details
    • $850 /Mo

      Retail Space on Route 52

      250 sq ft retail space with high visibility.
      507 Route 52, Carmel, NY 10512
      View Details
    • Contact for pricing

      Retail Space Near Major Intersection

      Retail space available near the intersection of Route 6 & Route 312.
      Rte 6 U.S, Carmel, NY 10512
      View Details
    • $1,500 /Mo
      23,231 SF

      Renovated Retail Space on Route 52

      Newly renovated commercial space on high-traffic Route 52 in Carmel.
      435 Route 52, Carmel, NY 10512
      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.
    Putnam Dr
    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
    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

    Thank You for Inquiry
    Putnam Dr, Carmel Hamlet, NY, 10512
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!