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    Lexington Ave Mohegan Lake, NY 10547
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    Lexington Ave Mohegan Lake, NY 10547

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    • Land
    • 33.80 lot acres
    For Sale
    $1,990,000
    View Listing →
    Mohegan Lake Commercial Land - 33 Acres For Sale
    $1,990,000

    Mohegan Lake Commercial Land - 33 Acres

    Prime Commercial Land, High Traffic Area

    0 Lexington Ave, Mohegan Lake, NY 10547
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Lexington Ave

    Lot size
    33.80 lot acres
    Property type
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mohegan Lake
    County
    Westchester
    State
    New York
    Longitude
    -73.8588
    Latitude
    41.2953

    Comparable in this City

    • Value Estimation by Request
      2.13 Acres

      Mohegan Ave

      COMMERCIAL (GENERAL) • 2.13 Acres
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      0.26 Acres

      1760 Wiley Rd

      VACANT COMMERCIAL LAND • 0.26 Acres
      1760 Wiley Rd, Mohegan Lake, NY 10547-1232
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    • Value Estimation by Request
      0.92 Acres

      1833 Main St

      VACANT COMMERCIAL LAND • 2,108 SF
      1833 Main St, Mohegan Lake, NY 10547-1271
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    • Value Estimation by Request
      0.12 Acres

      Lexington Ave

      VACANT COMMERCIAL LAND • 0.12 Acres
      Lexington Ave, Mohegan Lake, NY 10547
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    • Value Estimation by Request
      0.81 Acres

      3547 Mohegan Ave

      VACANT COMMERCIAL LAND • 0.81 Acres
      3547 Mohegan Ave, Mohegan Lake, NY 10547-1357
      View Details
    • Value Estimation by Request
      825 SF

      1912 Main St

      Investment properties • 825 SF
      1912 Main St, Mohegan Lake, NY 10547
      View Details

    Similar Nearby for Sale

    • $1,990,000
      33.80 Acres

      Mohegan Lake Commercial Land - 33 Acres

      Prime Commercial Land, High Traffic Area
      0 Lexington Ave, Mohegan Lake, NY 10547
      View Details
    • $500,000
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      2.6-Acre Double Lot Opportunity

      2.6-acre double lot zoned R-40A in Cortlandt, NY.
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    • $2,500,000

      Cortlandt Manor Land Parcel

      16.55 acres with approved plans for 60,000 sq ft.
      3451 Lexington Ave, Mohegan Lake, NY 10547
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      Pending

      Land with Lake Rights

      Half acre lot with lake rights in Mohegan Lake.
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    Similar Nearby for Lease

    • $12,500 /Mo

      Commercial Pad Site on Route 6

      High-visibility commercial land for rent in Mohegan Lake, NY.
      3116 E Main St, Mohegan Lake, NY 10547
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    • Contact for pricing
      15,700 SF

      Retail Space on Route 6

      Retail opportunities available in Mohegan Lake, anchored by major retailers.
      3089-3131 E Main St, Mohegan Lake, NY 10547
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    • $35 SF/Yr
      7,108 SF

      Retail Space Available for Lease

      7,108 SF retail space available for lease.
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      4,174 SF

      Retail Space in Mohegan Lake

      Retail spaces available in a large shopping center.
      3083-3087 E Main St, Mohegan Lake, NY 10547
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      2,000 SF

      Retail Space on Route 6

      Retail opportunities available in Mohegan Lake, New York.
      3137-3165 E Main St, Mohegan Lake, NY 10547
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    • Contact for pricing
      12,933 SF

      Retail Space on Route 6

      Retail opportunities available in Mohegan Lake, New York.
      3051-3105 E Main St, Mohegan Lake, NY 10547
      View Details
    View Listing
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    Lexington Ave
    Mohegan Lake, NY 10547
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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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