Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    130 Business Park Dr Armonk, NY 10504

    Sponsored
    For Lease
    $20 SF/Yr

    Office - Armonk, NY

    Type:Office
    Property size:
    58,000 SF
    Lot size:
    4.67 Acres
    Days on Market:
    131
    Last Refresh:
    Feb 19 at 11:06 pm

    Property Features for 130 Business Park Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Zoning
    PLI
    APN
    3800-108-000-00003-000-0001-052-0000
    Parking
    180
    Size
    58,000 SF
    Lot size
    4.67 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Building materials
    Block
    Architectural style
    Other

    We can help!

    Listing Contact
    Patricia Maiolo-Hinkley

    Coldwell Banker Residential Brokerage (914) 997-0097

    Listing agent Patricia Maiolo-Hinkley (914) 232-7000 License #10401335674

    Listing date Oct 12, 2025

    MLS# 918755 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Premier Office Space in Armonk

    Located at 130 Business Park Dr in Armonk, NY, this property offers a leasing opportunity within a thriving commercial district. The building features modern spaces with customizable layouts and state-of-the-art facilities. Ample parking is available for both employees and visitors. The grounds are meticulously maintained, providing a professional environment. Its strategic location allows convenient access to major roads and transportation hubs. Flexible lease options are available. A dedicated property management team is on-site. The property is suitable for office, medical, sports, spa, academic center, artistic center, tutoring, and golf facility uses. The building contains 58,000 square feet and is situated on a 4.67-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    COR Performance Gym & Fitness Center Aero Hardware & Parts ... Corporate Office D1 Training Armonk Gym & Fitness Center COR Sports Physical ... Physician Xtra Effort Training ... Business Service Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Armonk
    County
    Westchester
    State
    New York
    Longitude
    -73.7084288
    Latitude
    41.116992

    Nearby Similar for Lease

    • $1.00 SF/Yr
      151,153 SF

      Furnished Office Space Available

      Shared sublease office space in Bedford, NY.
      84 Business Park Dr, Armonk, NY 10504
      View Details
    • $3,000 /Mo
      432 SF

      Adaptable Mixed-Use Space in Armonk

      Bright, adaptable space in central Armonk, perfect for office or retail.
      150 Bedford Rd, Armonk, NY 10504
      View Details
    • Contact for pricing
      540 SF

      Professional Office Space Available

      Two office spaces for lease in Armonk, NY.
      34 Maple Ave, Armonk, NY 10504
      View Details
    • Contact for pricing
      368 SF

      Prime Armonk Retail/Office Space

      Office and retail space for lease in Armonk, NY.
      428 Main St, Armonk, NY 10504
      View Details
    • Contact for pricing
      450 SF

      Armonk Retail and Office Space

      Retail and office spaces available in Armonk, New York.
      15 Maple Ave, Armonk, NY 10504
      View Details
    • Contact for pricing
      2,500 SF

      Renovated Office Space For Rent

      Recently renovated office space suitable for medical or professional use.
      1 Byram Brook Pl, Armonk, NY 10504
      View Details
    • Contact for pricing
      1,160 SF

      Retail Space for Rent

      Retail space with high traffic and parking in Armonk.
      450 Main St, Armonk, NY 10504
      View Details
    • Contact for pricing
      1,950 SF

      Grocery-Anchored Mixed-Use Retail Space

      Mixed-use development in affluent New York suburb.
      402 Main St, Armonk, NY 10504
      View Details
    • Contact for pricing
      1,407 SF

      Armonk Office Space For Rent

      Office space in Armonk with dedicated parking and new HVAC.
      11 Maple Ave, Armonk, NY 10504
      View Details

    FAQs

    What type of property is this?
    Office building - Modern office space with customizable layouts in a thriving commercial district.
    Where is this office building located?
    The property is located at 130 Business Park Dr Armonk, NY.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in Armonk's thriving commercial district with convenient access to major roads and transportation hubs.; - Customizable layouts and modern spaces suitable for a variety of businesses (office, medical, sports, spa, academic, artistic, tutoring, golf facility).; - Ample parking for employees and visitors.
    (914) 393-8361
    Request Owner's contact information
    130 Business Park Dr Armonk, NY 10504
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    130 Business Park Dr
    Armonk, NY 10504
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    130 Business Park Dr Armonk, NY 10504
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Patricia Maiolo-Hinkley
    Real Estate License ID: 10401335674
    (914) 393-8361 (914) 232-7000
    Learn more
    Google sign-in failed. Please try again or use another login method.