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    6 Rte Carmel Hamlet, NY 10512
    Property profile & analytics

    6 Rte, Carmel Hamlet, NY 10512

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    • Retail properties & Spaces
    • 42,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 6 Rte

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional retail opportunity in Carmel, NY, presents three fully approved buildings totaling 42,000 square feet, ideally situated on U.S. Route 6. The buildings offer flexible layouts, with individual sizes of 22,000, 18,000, and 2,000 square feet. These dimensions are adaptable to meet specific tenant needs, allowing for customization and expansion or reduction based on requirements. The property boasts convenient access and high visibility due to its prime location. Ample parking is provided with 240 spaces, ensuring ease of access for customers and employees. The potential for drive-thru options exists for each building, adding further versatility and appeal to prospective tenants. This exceptional retail center is ready for occupancy after the third quarter of 2022, presenting a timely opportunity for businesses seeking a prominent location in a thriving market. The property is located in Putnam County, New York, with a zip code of 10512, and is specifically situated in Carmel Hamlet. The coordinates are 41.3990045 latitude and -73.7063182 longitude. This is a rare opportunity to secure a substantial retail presence in a desirable location.

    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
    -73.7063
    Latitude
    41.399

    Comparable in this City

    • Value Estimation
      $1,415,000
      9,744 SF

      133 Gleneida Ave

      RETAIL STORES (PERSONAL SERVICES)
      133 Gleneida Ave, Carmel, NY 10512-1205
      View Details
    • Value Estimation
      $1,035,000
      6,840 SF

      1831 Rte 6th 6

      RETAIL STORES (PERSONAL SERVICES)
      1831 Rte 6th 6, Carmel, NY 10512-2316
      View Details
    • Value Estimation
      $2,660,000
      20,000 SF

      81 Commerce Dr

      RETAIL STORES (PERSONAL SERVICES)
      81 Commerce Dr, Carmel, NY 10512-3025
      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
      53,303 SF

      1905 Us-6

      Lifestyle centers
      1905 Us-6, Carmel Hamlet, NY 10512
      View Details
    • Value Estimation by Request
      189,394 SF

      Putnam Dr

      Restaurants
      0 Putnam Dr, Carmel Hamlet, NY 10512
      View Details

    Similar Nearby for Sale

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      Historic Commercial Building in Carmel

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      Carmel Retail Opportunity

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      Mixed-Use Investment Opportunity

      Mixed-use property with income and value creation potential.
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    • $475,000

      Mixed-Use Property in Putnam County

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    • $325,000
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      Commercial Building on Route 52

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    Similar Nearby for Lease

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      Retail Space on Route 52

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      Renovated Retail Space on Route 52

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      Renovated Commercial Space on Route

      Newly renovated commercial space on high-traffic Route 52.
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      Corner Commercial Space Near Lake

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    • 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
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    6 Rte
    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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