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    123 Valley Rd Katonah, NY 10536
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    Property profile & analytics

    123 Valley Rd Katonah, NY 10536

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    • Commercial real estate
    • 9,240 SF
    Off-Market
    Property ID
    US63-6068013
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 123 Valley Rd

    Year built
    1970
    Property size
    9,240 SF
    Property type
    Commercial real estate

    Description

    This exceptional multifamily investment opportunity presents a well-maintained 12-unit apartment building located at 123 Valley Rd, Katonah, NY 10536. The property boasts a total of 9,240 square feet across four, two-story buildings situated on a generous 55,000 square foot lot. Built in 1970, this Class C property currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $170,290. The asking price is $3,150,000. The property's prime location offers convenient access to the Metro North Train Station and the vibrant downtown Katonah area, making it highly attractive to tenants. Onsite parking is available for residents. This is a rare opportunity to acquire a stable, high-performing multifamily asset in a desirable Westchester County location. The property's strong occupancy rate and consistent cash flow make it an ideal investment for both seasoned and emerging real estate investors seeking a proven income stream. The substantial lot size presents potential for future development or expansion, adding further value to this already attractive investment. Detailed financial statements are available upon request. This is a turnkey investment ready for immediate income generation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Katonah
    County
    Westchester
    State
    New York
    Longitude
    -73.6912004
    Latitude
    41.2537419

    Comparable in this City

    • $3,000,000

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      Pending

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      Newly renovated townhome with modern amenities and convenient location.
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    • $1,595,000

      Katonah Colonial Office Space

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    • New
      $575,000
      9.09 Acres

      Katonah Land Parcel with Approvals

      9+ acre Katonah land with well, septic, and approvals.
      6 Duffys Bridge Rd, Katonah, NY 10536
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    • $3,750,000

      Downtown Mixed-Use Investment Opportunity

      Prime downtown location with commercial spaces and investment potential.
      256 Katonah Ave, Katonah, NY 10536
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    • $1,595,000
      Pending

      Katonah Colonial Office or Residence

      Versatile Katonah property suitable for office or single-family use.
      135 Bedford Rd, Katonah, NY 10536
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    Similar Nearby for Sale

    • $3,000,000

      Mixed-Use Property in Downtown Katonah

      Mixed-use property with office, residential, and auto shop spaces.
      11-13 Edgemont Rd, Katonah, NY 10536
      View Details
    • $835,000
      Pending

      Renovated Townhome Near Transportation

      Newly renovated townhome with modern amenities and convenient location.
      21 Croton Lake Rd, Katonah, NY 10536
      View Details
    • New
      $575,000
      9.09 Acres

      Katonah Land Parcel with Approvals

      9+ acre Katonah land with well, septic, and approvals.
      6 Duffys Bridge Rd, Katonah, NY 10536
      View Details
    • $1,595,000

      Katonah Colonial Office Space

      Spacious office in Katonah with high visibility and parking.
      135 Bedford Rd, Katonah, NY 10536
      View Details
    • $3,750,000

      Downtown Mixed-Use Investment Opportunity

      Prime downtown location with commercial spaces and investment potential.
      256 Katonah Ave, Katonah, NY 10536
      View Details
    • $1,595,000
      Pending

      Katonah Colonial Office or Residence

      Versatile Katonah property suitable for office or single-family use.
      135 Bedford Rd, Katonah, NY 10536
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo

      Katonah Avenue Renovated Office Space

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      131 Katonah Ave, Katonah, NY 10536
      View Details
    • $4,900 /Mo

      Katonah Medical/Office Space Available

      High-visibility Katonah office space with utilities included.
      60 Goldens Bridge Rd, Katonah, NY 10536
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    • Contact for pricing
      1,043 SF

      Downtown Retail Space Available

      Charming retail space in downtown, walking distance to train.
      179-252 Katonah Ave, Katonah, NY 10536
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    • $3,975 /Mo
      13,717 SF

      Katonah Commercial Space For Rent

      Bright, modern commercial space in high-traffic Katonah location.
      152 Bedford Rd, Katonah, NY 10536
      View Details
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    123 Valley Rd
    Katonah, NY 10536
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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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