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Property profile & analytics
OFF-MARKET
Estimated value
$8,975,000
Medical Office Space
787 King St, Port Chester, NY 10573-1225
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-2519509
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1973
Total area
61,330 SF
Lot
9.44 ac (411,271 SF)
Zoning code
R-15 SFR
APN
554805 130.77-1-30
UPID
US63-2519509
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
-
King Street Rehab Rehabilitation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.31M
Blend (final)
Blend
$8.98M
Owner & transaction history
King Stret Home INC · 6 yrs held
King Stret Home INC
since 2020
2 recorded transactions
Zoning & alternative use
R-15 SFR · Port Chester, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.2M
+55.2%
Restaurant
$8.8M
+33.7%
Commercial (general)
$6.7M
+1.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,575,000
Current use
AUTO REPAIR, GARAGE
$10,200,000
Change: +55% · Conversion: Difficult
RESTAURANT
$8,785,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,675,000
Change: +2% · Conversion: Easy
WAREHOUSE, STORAGE
$6,570,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$6,180,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$8.98M
Range $8.08M – $9.87M · ±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
$146 / 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
$9,626,600
Assessed 2023
Previous assessed
$9,626,600
+0.0% YoY
Assessed land
$5,935,400
Assessed improvement
$3,691,200
Land market value
$5,935,400
Improvement market value
$3,691,200
Total market value
$9,626,600
Applied tax rate
554,805.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1973
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
61,330 SF
Lot
9.44 ac (411,271 SF)
Zoning code
R-15 SFR
APN
554805 130.77-1-30
UPID
US63-2519509
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R-15 SFR · Port Chester, NY
Zoning R-15 SFR · permitted uses
R-15 SFR · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$10.2M
RESTAURANT
Est. value
$8.8M
COMMERCIAL (GENERAL)
Est. value
$6.7M
WAREHOUSE, STORAGE
Est. value
$6.6M
RETAIL STORES
Est. value
$6.2M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
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
1973
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
9.44 ac
Current owner
From public records · entity-resolved
King Stret Home INC
Entity
Mailing address
787 KING ST, RYE BROOK, NY 10573-1225
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2020
—
King Stret Home INC
—
Deed
related
$976,500 · Connecticut Community Bank NA
—
—
815 King Street LLC
—
Deed Of Trust
related
$625,000 · Manufacturers Traders & Trust
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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