Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    156 Lk Blvd Mahopac, NY 10541-1602
    Back to Search
    Property profile & analytics

    156 Lk Blvd, Mahopac, NY 10541-1602

    View on Map
    • Turn key restaurants
    • 2,550 SF
    • 0.11 lot acres
    Off-Market
    Last Sale Dec 18, 2024
    $737,500
    Property ID
    US63-0167398
    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
    $745,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • J.P. Cunningham's / Bar & Pub / Nightclub
    • Lakeside Grille / Bar & Pub / Restaurant
    • Sunset Boulevard / Restaurant

    Property Details for 156 Lk Blvd

    Year built
    1927
    Lot size
    0.11 lot acres
    Zone code
    C
    Property type
    Turn key restaurants
    APN
    372000 76.30-1-14
    APU
    3720007630114

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 2, 2020 $572,000 D & J East Lake Realty Corp Cunningham John Trust Grant Deed $550k · Cunninam John Trust (it)
    Jun 6, 2005 — John P Cunningham III Mother Mary INC Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $805,000
      ML approach
      $755,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $529,000
      Market price range: $203k - $549k

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

    Location Insight

    • Map
    • Local Demand
    City
    Mahopac
    County
    Putnam
    State
    New York
    Longitude
    -73.7292
    Latitude
    41.3755
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $6,605
    $445,100
    $232,900
    $678,000
    -
    $445,100
    $232,900
    $678,000

    Comparable in this City

    • Value Estimation by Request
      3,676 SF

      825 Lk Blvd

      RESTAURANT
      825 Lk Blvd, Mahopac, NY 10541-4737
      View Details
    • Value Estimation by Request
      4,391 SF

      55 Secor Rd

      RESTAURANT
      55 Secor Rd, Mahopac, NY 10541-2087
      View Details
    • Value Estimation by Request
      2,528 SF

      878 Rte 6th 6

      RESTAURANT
      878 Rte 6th 6, Mahopac, NY 10541-1721
      View Details
    • Value Estimation by Request
      741 SF

      493 Rte 6th 6

      RESTAURANT
      493 Rte 6th 6, Mahopac, NY 10541-4743
      View Details
    • Value Estimation by Request
      1,966 SF

      944 Rte 6th 6

      RESTAURANT
      944 Rte 6th 6, Mahopac, NY 10541-1722
      View Details
    • Value Estimation by Request
      1,125 SF

      10 Cherry Ln

      RESTAURANT
      10 Cherry Ln, Mahopac, NY 10541-4703
      View Details

    Similar Nearby for Sale

    • $275,000

      Established Diner Opportunity in Mahopac

      Turn-key diner with loyal clientele and locked-in rent rate.
      565 Rte 6 #1, Mahopac, NY 10541
      View Details
    • $275,000

      Established Diner in Putnam County

      Turn-key diner opportunity with loyal customer base and locked-in rent.
      565 Rte 6 #1, Mahopac, NY 10541
      View Details
    • $4,250,000

      Mahopac Diner For Sale

      Established diner with high traffic exposure in Mahopac, NY.
      195 Route 6, Mahopac, NY 10541
      View Details
    • Contact for pricing
      8,557 SF

      Mahopac Diner For Sale

      Established diner with high traffic and ample parking.
      195 Us-6, Mahopac, NY 10541
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space with Drive-Through

      Recently built retail space with drive-through and ample parking.
      45 Secor Rd, Mahopac, NY 10541
      View Details
    • Contact for pricing
      8,575 SF

      Retail Pad Site on Route 6

      Retail pad site with drive-thru, anchored by ACME and Planet Fitness.
      161 Us-6, Mahopac, NY 10541
      View Details
    • Contact for pricing
      2,650 SF

      Retail Pad Site on Route 6

      Retail pad site with drive-thru and signalized entrance.
      151 Us-6, Mahopac, NY 10541
      View Details
    • $2,500 /Mo

      Prime Storefront Location with Views

      Central storefront location with lake views, perfect for business.
      904 S Lake Blvd, Mahopac, NY 10541
      View Details
    • $2,450 /Mo
      8,821 SF

      Mahopac Commercial Space For Rent

      Centrally located commercial space suitable for various professional services.
      2 Clark Pl, Mahopac, NY 10541
      View Details
    • Contact for pricing

      High-Traffic Downtown Retail Opportunity

      Retail or office space in high-traffic downtown location.
      593 Us-6, Mahopac, NY 10541
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    156 Lk Blvd
    Mahopac, NY 10541-1602
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    156 Lk Blvd, Mahopac, NY, 10541
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!