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    1912 Main St Mohegan Lake, NY 10547

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    1912 Main St Mohegan Lake, NY 10547

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    • Mixed-use properties
    • 825 SF
    • 0.14 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Napoli's Pizza Restaurant / Restaurant

    Property Details for 1912 Main St

    Year built
    1956
    Lot size
    0.14 lot acres
    Property size
    825 SF
    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use property, located at 1912 E Main St, Mohegan Lake, NY 10547, presents a rare opportunity to acquire a thriving business and prime real estate. The 825 square foot building, constructed in 1956, sits on a 0.14-acre lot (APN: 5400-015-015-00001-000-0039) and is zoned for commercial use. Currently operating as a well-established pizzeria with over 50 years of history, this business boasts a loyal customer base and strong community presence. Situated on busy Route 6, the property benefits from high visibility and significant traffic flow, connecting several Northern Westchester towns. Nearby businesses include major national chains such as Taco Bell, McDonald's, CVS, Walmart, Home Depot, Chipotle, and ShopRite, indicating a robust commercial environment. The asking price is $1,095,000, translating to $1,327.27 per square foot. This turnkey operation offers immediate income potential and significant upside for growth-minded entrepreneurs. The combination of a proven business model, prime location, and ample parking makes this an unparalleled investment opportunity in Westchester County. Don't miss this chance to own a piece of Mohegan Lake's vibrant commercial landscape.

    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
    -73.8565
    Latitude
    41.3202

    Comparable in this City

    • Value Estimation by Request
      0.46 Acres

      1896 Main St

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    • Value Estimation by Request
      4.08 Acres

      1770 Strawberry Rd

      STORE/OFFICE (MIXED USE) • 4.08 Acres
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    • Value Estimation
      $600,000
      4,000 SF

      1968 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,000 SF
      1968 Main St, Mohegan Lake, NY 10547
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    • Value Estimation by Request
      1,032 SF

      1990 Main St

      STORE/OFFICE (MIXED USE) • 1,032 SF
      1990 Main St, Mohegan Lake, NY 10547-1231
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    • Value Estimation by Request
      0.47 Acres

      1948 Main St

      STORE/OFFICE (MIXED USE) • 0.47 Acres
      1948 Main St, Mohegan Lake, NY 10547-1228
      View Details
    • Value Estimation by Request
      0.57 Acres

      1952 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.57 Acres
      1952 Main St, Mohegan Lake, NY 10547
      View Details

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    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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