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    • Commercial Lease
    • Residential Multi Family

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    For Sale (8)

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    Well-Maintained Multi-Family in White Plains
    $999,000
    0.15 Acres

    Well-Maintained Multi-Family in White Plains

    Three-family property in desirable Battle Hill neighborhood, White Plains.

    66 Harding Ave, White Plains, NY 10606
    View details
    West Harrison Two-Family Home
    $1,200,000
    0.22 Acres

    West Harrison Two-Family Home

    Legal two-family home on an oversized lot in West Harrison.

    295 Columbus Ave, West Harrison, NY 10604
    View details
    Legal 5-Family Investment Opportunity
    $1,325,000
    0.13 Acres

    Legal 5-Family Investment Opportunity

    Legal 5-family home with value-add potential in Port Chester.

    28 Greenwood Ave, Portchester, NY 10573
    View details
    Bronx Two-Family Home with Amenities
    $799,000
    0.04 Acres

    Bronx Two-Family Home with Amenities

    Two-family home in amenity-rich Bronx community, ideal for investors.

    203 White Plains Rd, Bronx, NY 10473
    View details
    Spacious Junior 4 Co-op
    $115,000

    Spacious Junior 4 Co-op

    Well-maintained 1-bedroom co-op with flexible additional room.

    3176 The, Bronx, NY 10467
    View details
    Westport Office Building with Expansion Potential
    $1,450,000
    2,361 SF

    Westport Office Building with Expansion Potential

    Prime commercial location with flexible spaces and expansion potential.

    4 Whitney Street Ext, Westport, CT 06880
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    Pizzeria Business in Cold Spring
    Contact for pricing

    Pizzeria Business in Cold Spring

    Pizzeria business for sale in Cold Spring, New York.

    3556 Route 9, Cold Spring, NY 10516
    View details
    Battle Hill Triplex Opportunity
    $999,000

    Battle Hill Triplex Opportunity

    Well-maintained three-family property in White Plains with strong income.

    66 Harding Ave, White Plains, NY 10606
    View details

    For Lease (3)

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    Brewster Commercial Building For Rent
    $2,500 / Mo
    446,490 SF

    Brewster Commercial Building For Rent

    Freestanding commercial building with office and workshop space for rent.

    2022 Route 22, Brewster, NY 10509
    View details
    Brewster Commercial Garage Space Available
    $2,000 / Mo
    446,490 SF

    Brewster Commercial Garage Space Available

    Two-car garage with side entrance, suitable for storage or business.

    2022 Route 22, Brewster, NY 10509
    View details
    Professional Office Suite
    $5,200 / Mo

    Professional Office Suite

    Office suite available for lease with convenient parking-lot access from Woodside Avenue.

    141 N State Rd, Briarcliff Manor, NY 10510
    View details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    Keller Williams NY Realty
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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
    Keller Williams NY Realty
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