Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Office buildings
571-575 Drewville Rd Carmel, NY 10512
Entity Owned
10-yr Hold
Free & Clear
Property ID
US63-1562441
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1995
Total area
8,616 SF
Lot
2.28 ac (99,317 SF)
Zoning code
C
APN
372000 66.15-1-10
UPID
US63-1562441
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.19M
Owner & transaction history
Nysarc INC · 10 yrs held
Nysarc INC
since 2016
6 recorded transactions
Zoning & alternative use
C · Carmel, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C. No existing building shall be demolished to accommodate the uses set forth herein, unless the Planning Board, after consultation with the Building Inspector, determines that the dwelling is uninhabitable and cannot be rehabilitated. Cost alone shall not be the determinative factor in whether a building can be rehabilitated. New buildings shall be designed…
Zone name
Commercial
General category
COMMERCIAL
Zone area
286.26 ac
Top alternative use upside
Commercial (general)
$1.6M
+25.7%
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 Carmel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carmel 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,260,000
Current use
COMMERCIAL (GENERAL)
$1,585,000
Change: +26% · Conversion: Easy
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±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
$138 / 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
$1,341,500
Assessed 2023
Previous assessed
$1,341,500
+0.0% YoY
Assessed land
$220,200
Assessed improvement
$1,121,300
Land market value
$220,200
Improvement market value
$1,121,300
Total market value
$1,341,500
Applied tax rate
372,002.0000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1995
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
8,616 SF
Lot
2.28 ac (99,317 SF)
Zoning code
C
APN
372000 66.15-1-10
UPID
US63-1562441
Jurisdiction
PUTNAM
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C · Carmel, NYZoning C · permitted uses
C · Carmel, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C. No existing building shall be demolished to accommodate the uses set forth herein, unless the Planning Board, after consultation with the Building Inspector, determines that the dwelling is uninhabitable and cannot be rehabilitated. Cost alone shall not be the determinative factor in whether a building can be rehabilitated. New buildings shall be designed to be consistent with the overall residential appearance of the corridor. D. The maximum lot coverage, including all parking areas, shall not exceed 40% of the total lot area. E. The lot on which the use is proposed shall have a minimum 50 feet of street frontage and shall obtain vehicular access directly to a street or highway identified in Subsection A above.
Zone name
Commercial
General category
COMMERCIAL
Zone area
286.26 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING Current
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
1995
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
2.28 ac
Current owner
From public records · entity-resolved
Nysarc INC
Entity
Free & Clear · 10 yrs held
Mailing address
471 ALBANY AVE, KINGSTON, NY 12401-2138
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2020
—
Nysarc INC Putnam Cnty Chapter
—
Deed
related
$328,571 · Miscellaneous Govt Agcy
Mar 2, 2017
—
Nysarc INC Putnam Cnty Chapter
—
Grant Deed
related
$34,500,000 · Miscellaneous Govt Agcy
Jul 18, 2016
$1,000,000
Nysarc INC
Lemmens,john L
Grant Deed
—
Jun 4, 2014
—
John L Lemmens
Hope In Life Ch Of Mahopac INC
Deed In Lieu Of Foreclosure
related
—
Dec 30, 2008
$2,965,581
Hope In Life Ch Of Mahopac INC
Lemmens,john L & Donna M
Grant Deed
$2,765,581 · John L & Donna M Lemmens
—
—
Nysarc INC Putnam Cnty Chapter
—
Deed Of Trust
related
$328,571 · Miscellaneous Govt Agcy
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?”
You own 571-575 Drewville Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
