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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2 Church St Carmel, NY 10512-2104

    • Investment properties
    • 9,623 SF
    • 0.12 lot acres
    OFF-MARKET
    Last Sale
    Nov 25, 2020
    $979,200
    Value Estimations
    $1,170,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3358479
    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.

    Current Use by Public Records

    • Investment properties

    Property Details for 2 Church St

    Year built
    1980
    Lot size
    0.12 lot acres
    Property size
    9,623 SF
    Zone code
    C
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    372000 55.6-1-13
    APU
    372000556113

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,100,000
      ML approach
      $1,185,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,389,000
      Market price range: $1.10M - $2.27M
      AI Estimate
      $930,000
      Market price range: $647k - $1.70M

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

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Putnam
    State
    New York
    Longitude
    -73.6788
    Latitude
    41.4203
    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
    $15,144
    $111,500
    $835,700
    $947,200
    -
    $111,500
    $835,700
    $947,200

    Comparable in this City

    • Value Estimation
      $435,000
      1,792 SF

      1849 Rte 6th 6

      OFFICE/RESIDENTIAL (MIXED USE) • 1,792 SF
      1849 Rte 6th 6, Carmel, NY 10512-2316
      View Details
    • Value Estimation
      $255,000
      3,240 SF

      126 Gleneida Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,240 SF
      126 Gleneida Ave, Carmel, NY 10512-1232
      View Details
    • Value Estimation
      $290,000
      2,676 SF

      1088 Rte 52

      OFFICE/RESIDENTIAL (MIXED USE) • 2,676 SF
      1088 Rte 52, Carmel, NY 10512-4821
      View Details
    • Value Estimation
      $305,000
      1,480 SF

      38 Chauncey Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,480 SF
      38 Chauncey Rd, Carmel, NY 10512-6951
      View Details
    • Value Estimation
      $335,000
      3,556 SF

      17 Fowler Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,556 SF
      17 Fowler Ave, Carmel, NY 10512-1101
      View Details
    • Value Estimation
      $300,000
      1,560 SF

      104 Gleneida Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,560 SF
      104 Gleneida Ave, Carmel, NY 10512-1203
      View Details

    Similar Nearby for Sale

    • $2,500,000

      Mixed-Use Property on Lake Gleneida

      Two-story mixed-use property with restaurant and apartment, lake views.
      1679 Route 6, Carmel, NY 10512
      View Details
    • $999,000
      5,983 SF

      Mixed-Use Property with Rehab Potential

      Four-unit apartment building and motel on 7.27 acres in Carmel, NY.
      541 Route 52, Carmel, NY 10512
      View Details
    • $1,450,000
      0.95 Acres

      Carmel Hamlet Redevelopment Site

      0.95-acre commercial land, prime location
      659 Stoneleigh Ave, Carmel Hamlet, NY 10512
      View Details
    • $275,000
      3.17 Acres

      Residential Land in Mahopac, NY

      Three-acre residential lot near Mahopac High School and Lake Mahopac.
      00 Baldwin Place Rd, Mahopac, NY 10512
      View Details
    • $1,299,000
      5,758 SF

      High-Visibility Commercial Building For Sale

      Meticulously maintained 5,758 SF commercial building with high traffic exposure.
      1995 Route 6, Carmel, NY 10512
      View Details
    • $1,265,000

      Multifamily Homes Investment Opportunity

      Two multifamily homes with eight rental units for sale.
      39 Fowler Ave, Carmel, NY 10512
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      42,000 SF

      Gateway Retail Center: Carmel, NY

      Prime Retail Space - Multiple Units Available
      0 Rte 6, Carmel Hamlet, NY 10512
      View Details
    • $24 SF/Yr
      4,514 SF

      Carmel Retail or Office Space

      Prime retail/office space with high visibility in Carmel, NY.
      133 Gleneida Ave, Carmel, NY 10512
      View Details
    • $4,950 /Mo
      1,900 SF

      Renovated Office Space on Route 6

      Newly renovated office space with high visibility on Route 6.
      1995 Route 6, Carmel, NY 10512
      View Details
    • $350 /Mo

      Micro Office Space Available

      Individual office space near amenities with included utilities.
      73 Gleneida Ave, Carmel, NY 10512
      View Details
    • $850 /Mo
      24,829 SF

      Retail Space on Route 52

      Well-positioned 250 sq. ft. retail space for lease.
      507 Route 52, Carmel, NY 10512
      View Details
    • $24 SF/Yr
      4,498 SF

      Carmel Hamlet Retail Spaces

      Prime Carmel location, flexible space.
      133 Gleneida Ave, Carmel Hamlet, NY 10512
      View Details
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    2 Church St
    Carmel, NY 10512-2104
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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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