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    19 Greenridge Avenue White Plains, NY 10605

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    Claim this Listing
    Pending
    $1,650,000

    SINGLE_FAMILY - White Plains, NY

    Type:Office
    Lot size:
    0.33 Acres
    Added:
    Dec 29, 2022
    Days on Market:
    1216
    Last Refresh:
    Apr 28 at 6:06 pm

    Property Features for 19 Greenridge Avenue

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    Office
    Parking features
    Off Street, Driveway, Parking Lot, On Street
    Security features
    Security System
    Appliances
    Gas Water Heater
    Standard status
    Pending
    APN
    1700-130-028-00009-000-0006
    Lot size
    0.33 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Annual Amount
    54315

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Radiant
    Cooling system
    Window Unit(s), Ductless, Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Building materials
    Brick

    We can help!

    Listing Contact
    Peter Topping
    Peter Topping

    Listing agent Peter Topping License #10401249823

    Listing office Coldwell Banker Realty 25 Purdy Avenue, White Plains, NY

    Listing date Dec 29, 2022

    MLS# H6224578

    Copyright © 2026 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.

    Overview

    White Plains Office/Residential Opportunity

    This property presents a fantastic opportunity for either office space or residential development. Situated close to downtown White Plains, it resides on one of the premier streets within an elegant and coveted neighborhood. The property's use was modified from residential to commercial many years ago, but it could be converted back. Recently, it served as a doctor's office, featuring multiple office spaces and parking for approximately 12 vehicles. Floor plans are available to showcase the potential of this listing. The building is an imposing, well-maintained, all-brick structure that offers tons of potential. The basement space is approximately 1700 square feet and is not included in the total square footage. Heating is zoned on all floors, and AC is provided by newer mini ductless systems. The lot size is 0.3267 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Maryanne Spencer Counselor Dr. Pervez Akhter, ... Physician Odessa Despot Physician Erica Adler Physician Jodie Deignan Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Similar Places Nearby

    • Veterinary Hospital — 1145 s kensico ave, white plains, ny 10601
    • Veterinary Emergency Group — 44 S Broadway, White Plains, NY 10601
    • White Plains Veterinary Hospital — 114 S Kensico Ave b, White Plains, NY 10601

    Location Insight

    • Map
    • Local Demand
    City
    White Plains
    County
    Westchester
    State
    New York
    Longitude
    -73.7650488
    Latitude
    41.0256351

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    FAQs

    What type of property is this?
    Medical Office Space - Office space or residential development opportunity in White Plains, NY.
    Where is this medical office space located?
    The property is located at 19 Greenridge Avenue White Plains, NY.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Prime location near downtown White Plains in a coveted neighborhood.; Flexible use: Adaptable for office space or residential conversion.; Ample parking: Approximately 12 spaces available.
    (914) 400-8427
    We can help!
    Listing Contact
    Peter Topping
    Peter Topping
    Real Estate License ID: 10401249823
    Learn More
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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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