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    63 Rdg St Port Chester, NY 10573-2810

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    63 Rdg St Port Chester, NY 10573-2810

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    • Investment properties
    • 2,568 SF
    • 0.25 lot acres
    Off-Market
    Property ID
    US63-6239068
    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.
    Value Estimations
    $585,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Richard A. Izzo, DC / Alternative Medicine Practice

    Property Details for 63 Rdg St

    Year built
    1900
    Lot size
    0.25 lot acres
    Property size
    2,568 SF
    Zone code
    R2-F 2FAM
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    554805 135.83-1-63
    APU
    55480513583163

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $620,000
      6.5%
      $575,000
      7%
      $530,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $368,000
      Market price range: $153k - $442k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $855,000
      Current use
      WAREHOUSE, STORAGE
      $935,000
      Change: +9% Conversion: Difficult
      OFFICE BUILDING
      $900,000
      Change: +6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Chester
    County
    Westchester
    State
    New York
    Longitude
    -73.6821
    Latitude
    41.0049
    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
    $0.00
    $231,900
    $412,300
    $644,200
    -
    $231,900
    $412,300
    $644,200

    Comparable in this City

    • Value Estimation
      $565,000
      3,192 SF

      2 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,192 SF
      2 Main St, Port Chester, NY 10573-4617
      View Details
    • Value Estimation
      $3,975,000
      29,380 SF

      169 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 29,380 SF
      169 Main St, Port Chester, NY 10573
      View Details
    • Value Estimation
      $2,015,000
      14,683 SF

      46-48 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 14,683 SF
      46-48 Main St, Port Chester, NY 10573
      View Details
    • Value Estimation
      $1,090,000
      7,845 SF

      118 Poningo St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,845 SF
      118 Poningo St, Port Chester, NY 10573
      View Details
    • Value Estimation
      $625,000
      3,142 SF

      107 Regent St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,142 SF
      107 Regent St, Port Chester, NY 10573-3510
      View Details
    • Value Estimation
      $1,735,000
      12,537 SF

      235 Westchester Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 12,537 SF
      235 Westchester Ave, Port Chester, NY 10573-4537
      View Details

    Similar Nearby for Sale

    • $1,650,000

      Mixed-Use Building in Excellent Condition

      Three-story mixed-use building with residential and commercial spaces, ample parking.
      121 S Regent St, Portchester, NY 10573
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    • $1,650,000

      Mixed-Use Building in Excellent Condition

      Three-story mixed-use building with residential and commercial spaces, ample parking.
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    • $69,000

      High-End Salon and Spa

      Upscale salon and spa with established reputation for sale.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Waterfront Center

      Newly renovated retail space near shopping and transportation.
      5-50 Westchester Ave, Portchester, NY 10573
      View Details
    • Contact for pricing
      6,000 SF

      Rye Brook Office Space Available

      Office space for rent with convenient parking and location.
      111 S Ridge St, Rye Brook, NY 10573
      View Details
    • Contact for pricing
      1,058 SF

      Class A Office Park

      Six Class A buildings with comprehensive amenities and easy transportation access.
      5 International Dr, Rye Brook, NY 10573
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    • Contact for pricing
      3,485 SF

      Retail Space Near Major Retailers

      59,797 SF shopping center near Whole Foods and Target.
      262 Boston Post Rd, Portchester, NY 10573
      View Details
    • $2,000 /Mo

      Renovated Office Space For Rent

      Newly renovated office building with shared conference room, utilities included.
      327 Irving Ave, Portchester, NY 10573
      View Details
    • $1,000 /Mo
      10,271 SF

      Port Chester Office Suite

      Two-room suite with private bath near Metro North.
      420 Westchester Ave, Portchester, NY 10573
      View Details
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    63 Rdg St
    Port Chester, NY 10573-2810
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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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