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Property profile & analytics
OFF-MARKET
Estimated value
$3,940,000
Warehouses
40 Merritt St Port Chester, NY 10573-3539
Entity Owned
Free & Clear
Property ID
US63-3714757
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1958
Total area
20,094 SF
Lot
0.51 ac (22,259 SF)
Zoning code
C4 COMM
APN
554801 141.28-2-22
UPID
US63-3714757
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
-
Ice Cream Social Theater & Performing Art Venue
-
M. Shively Art + Design Furniture Maker Artist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.74M
Comparable Approach
Comparable
$2.39M
Blend (final)
Blend
$3.94M
Owner & transaction history
40 Merritt Owners LLC
40 Merritt Owners LLC
since 2026
5 recorded transactions
Zoning & alternative use
C4 COMM · Port Chester, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Port Chester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Chester 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,130,000
6.5%
$4,735,000
7%
$4,400,000
Blend value · Realmo final
$3.94M
Range $3.55M – $4.33M · ±10%
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
$196 / 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
$3,238,700
Assessed 2023
Previous assessed
$3,238,700
+0.0% YoY
Assessed land
$845,800
Assessed improvement
$2,392,900
Land market value
$845,800
Improvement market value
$2,392,900
Total market value
$3,238,700
Applied tax rate
554,804.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1958
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
20,094 SF
Lot
0.51 ac (22,259 SF)
Zoning code
C4 COMM
APN
554801 141.28-2-22
UPID
US63-3714757
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4 COMM · Port Chester, NY
Zoning C4 COMM · permitted uses
C4 COMM · Port Chester, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Chester. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1958
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
40 Merritt Owners LLC
Entity
Free & Clear · 0 yrs held
Mailing address
28 BULKLEY AVE, PORT CHESTER, NY 10573-3902
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2026
$4,000,000
40 Merritt Owners LLC
Whatcha Making LLC
Deed
—
Oct 7, 2025
—
Whatcha Making LLC
—
Deed
related
$4,000,000 · Arciscap Celebrationpointe Investment Li
Jan 9, 2018
$3,200,000
Whatcha Making LLC
40 Merritt St Corp
Grant Deed
—
—
—
155 Irving LLC
—
Deed Of Trust
related
$470,000 · Branca Consulting Services LLC
—
—
155 Irving LLC
—
Deed Of Trust
related
$530,000 · Branca Consulting Services LLC
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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