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    Property profile & analytics

    240 Route 52 Carmel, NY 10512

    • Commercial real estate
    • 6.87 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1322404
    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

    • Commercial real estate

    Property Details for 240 Route 52

    Lot size
    6.87 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 6.87-acre commercial land parcel presents a unique investment opportunity in Carmel, NY. Boasting approximately 625+ feet of road frontage along Route 52, this property offers unparalleled visibility and exposure to high traffic volume traveling north and south. The site comprises three contiguous parcels (Tax ID#: 44.9-2-20, 44.5-2-28, and 44.5-2-29), totaling 6.87 acres and sold as a single unit. The individual parcel sizes are 3.48 acres, 0.95 acres, and 2.39 acres respectively. A survey is available for detailed review. The property's history includes a former bar/restaurant and single-family home, indicating potential for diverse development. While some wetlands are present, limiting full developable acreage, the significant road frontage and overall size make this a compelling proposition for various commercial ventures. The property's location in Kent, NY (Carmel PO) provides easy access to regional amenities and transportation routes. This is a rare opportunity to acquire a substantial commercial land holding in a desirable location. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Carmel
    County
    Putnam County
    State
    New York
    Longitude
    -73.68146
    Latitude
    41.43971

    Comparable in this City

    • $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
    • $569,000

      Carmel Land For Sale

      Land available for sale in Carmel, New York.
      105 Gleneida Ave, Carmel, NY 10512
      View Details
    • Contact for pricing

      Approved Buildings Near Route 6

      Three approved buildings available for delivery after Q3 2022.
      6 Rte U.S, Carmel, NY 10512
      View Details

    Similar Nearby for Sale

    • $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
    • Contact for pricing

      Approved Buildings Near Route 6

      Three approved buildings available for delivery after Q3 2022.
      6 Rte U.S, Carmel, NY 10512
      View Details
    • $569,000

      Carmel Land For Sale

      Land available for sale in Carmel, New York.
      105 Gleneida 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
    • $2,500 /Mo

      Heated Garage Bays For Rent

      Multiple rental options for businesses, contractors, or trades.
      371 Shear Hl Rd Bay, Carmel, NY 10512
      View Details
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    240 Route 52
    Carmel, 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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