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Property profile & analytics
FOR LEASE
Office buildings
555 Theodore Fremd Ave Rye, NY 10580
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US63-2038302
For Lease
$19,080,000
555 Theodore Fremd Ave, Rye, NY 10580
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1951
Total area
172,955 SF
Lot
13.02 ac (567,151 SF)
Zoning code
B4
APN
551400 146-13-1-10-1
UPID
US63-2038302
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
-
Rye City School District Administrative Office School District Office
-
Jarden Corporation Advertising Agency Marketing & Advertising
-
Green Point Technology Services LLC Publishing House Printing Service
-
Merrill C. Berman Collection Theater & Performing Art Venue
-
R3HCō Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.08M
Owner & transaction history
Harrison Vs LLC · 11 yrs held
Harrison Vs LLC
since 2015
5 recorded transactions
Zoning & alternative use
B4 · Rye, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$110 / 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
$584,035
Assessed 2023
Previous assessed
$664,335
-12.1% YoY
Assessed land
$390,750
Assessed improvement
$193,285
Land market value
$30,290,698
Improvement market value
$14,983,333
Total market value
$45,274,031
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
For Lease
Year built
1951
Heating
NONE
Buildings
1
Stories
2
Bathrooms
3
Total area
172,955 SF
Lot
13.02 ac (567,151 SF)
Zoning code
B4
APN
551400 146-13-1-10-1
UPID
US63-2038302
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
B4 · Rye, NY
Zoning B4 · permitted uses
B4 · Rye, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rye. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1951
Heating
NONE
Stories
2
Buildings
1
Bathrooms
3
Lot
13.02 ac
Current owner
From public records · entity-resolved
Harrison Vs LLC
Entity
Mailing address
2727 LYNDON B JOHNSON FWY STE #806, DALLAS, TX 75234-7334
Ownership since
2015
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
Jan 15, 2015
—
Harrison Vs LLC
Faros Corporate Center Rye LLC
Grant Deed
$29,625,000 · Barclays Bk/plc
Jan 15, 2015
$39,500,000
Rye Vs LLC
Faros Corporate Center Rye LLC
Bargain And Sale Deed
$10,794,634 · Barclays Bank Plc
Jun 13, 2011
$30,300,000
Faros Corporate Center Rye LLC
Gateside-rye Co LLC
Grant Deed
—
—
—
Gateside-rye Co LLC
—
Deed Of Trust
related
$20,475,000 · Metropolitan Life Insurance
—
—
Faros Corporate Center Rye LLC
—
Deed Of Trust
related
$20,274,413 · Metropolitan Life Insurance
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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