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    Property profile & analytics

    29 Hamilton St Dobbs Ferry, NY 10522

    • Retail properties
    • 12,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 29 Hamilton St

    Property size
    12,000 SF
    Property type
    Retail properties

    Description

    Rivertowns Square, located at 29 Hamilton Street in Dobbs Ferry, New York (zip code 10522), presents a unique opportunity for a single-tenant retail business. This 12,000 square foot commercial space is entirely vacant and ready for immediate occupancy. The property is situated in Westchester County, offering excellent access to the Saw Mill River Parkway, ensuring high visibility and convenient access for customers. The location is described as a prime destination for shopping, dining, and entertainment in Westchester County. This is evidenced by the presence of strong retail neighbors including Starbucks, Chipotle, Chopt, Ultra Beauty, and a movie theater. The property boasts ample free on-site parking, a significant advantage for customers and employees. Floor plans are available upon request, allowing potential tenants to fully visualize their business within this spacious retail space. The property type is classified as retail commercial, offering a versatile space suitable for a wide range of retail concepts. This is a single-tenant occupancy property, providing a unique opportunity for a business seeking a prominent location in a thriving commercial area. The property's convenient location and strong surrounding retail presence make it an ideal location for a business seeking high foot traffic and visibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dobbs Ferry
    County
    Westchester
    State
    New York
    Longitude
    -73.8574
    Latitude
    41.0038

    Comparable in this City

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      116,422 SF

      47-55 Hamilton St

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      $600,000
      3,050 SF

      225 Ashford Ave

      SHOW ROOM, WAREHOUSE • 3,050 SF
      225 Ashford Ave, Dobbs Ferry, NY 10522-1934
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      0.23 Acres

      59 Main St

      SHOW ROOM, WAREHOUSE • 0.23 Acres
      59 Main St, Dobbs Ferry, NY 10522-2154
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    • Value Estimation by Request
      2,581 SF

      346 Ashford Ave

      SHOW ROOM, WAREHOUSE • 2,581 SF
      346 Ashford Ave, Dobbs Ferry, NY 10522-2002
      View Details
    • Value Estimation by Request
      0.07 Acres

      39 Chestnut St

      SHOW ROOM, WAREHOUSE • 0.07 Acres
      39 Chestnut St, Dobbs Ferry, NY 10522-1623
      View Details
    • Value Estimation by Request
      0.28 Acres

      397 Broadway

      AUTO REPAIR, GARAGE • 0.28 Acres
      397 Broadway, Dobbs Ferry, NY 10522-1710
      View Details

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    29 Hamilton St
    Dobbs Ferry, NY 10522
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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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