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Property profile & analytics
OFF-MARKET
Estimated value
$1,705,000
Office buildings
16 School St Rye, NY 10580-2952
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-0441424
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
3,066 SF
Lot
0.54 ac (23,522 SF)
APN
551400 146-7-3-31
UPID
US63-0441424
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Trencher Lisa MD Physician
-
Dr. Elise Fischer Dental Office
-
Shruthi Nair Psychotherapist
-
Charles Yau, D.D.S. Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.71M
Owner & transaction history
Armando X Ramirez · 4 yrs held
Armando X Ramirez
since 2021
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+42.1%
Warehouse, storage
$1.1M
+3.5%
Commercial (general)
$1.1M
+1.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rye submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rye submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,815,000
ML approach
$1,860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,075,000
Current use
AUTO REPAIR, GARAGE
$1,530,000
Change: +42% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,115,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,090,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$1.71M
Range $1.53M – $1.88M · ±10% · vs last sale $1.58M (Sep 7 2021)
Last sale anchor
$1.58M
Sep 7 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$556 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Assessed value
$75,000
Assessed 2023
Previous assessed
$75,000
+0.0% YoY
Assessed land
$22,200
Assessed improvement
$52,800
Land market value
$1,720,930
Improvement market value
$4,093,023
Total market value
$5,813,953
Applied tax rate
551,400.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Heating
NONE
Cooling
CENTRAL
Stories
2
Bathrooms
4
Total area
3,066 SF
Lot
0.54 ac (23,522 SF)
APN
551400 146-7-3-31
UPID
US63-0441424
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
4
Lot
0.54 ac
Current owner
From public records · entity-resolved
Armando X Ramirez
Individual
Mailing address
16 SCHOOL ST, RYE, NY 10580-2952
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2021
$1,578,500
Armando X Ramirez
Anthony G Piscionere
Deed
$1,099,996 · Wells Fargo Bank NA
Aug 5, 2021
—
Two Clinton Management LLC
—
Deed
related
$350,000 · Pcsb Bank
Jun 6, 2017
—
Two Clinton Management LLC
—
Deed
related
$200,000 · Customers Bank
Dec 29, 2016
$7,000,000
Two Clinton Management LLC
School Street LLC
Grant Deed
—
Dec 29, 2016
—
Two Clinton Management LLC
—
Deed
related
$1,969,618 · Customers Bank
—
—
Mate Shuto
—
Deed Of Trust
related
$413,800 · Quicken Lns
—
—
School Street LLC
—
Deed Of Trust
related
$1,031,532 · M & T Real Estate Trust
—
—
School Street LLC
—
Deed Of Trust
related
$782,177 · M & T Real Estate Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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