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    The Largest CRE Database in the US with Over 1 Million Listings

    347 N Broadway Sleepy Hollow, NY 10591

    Sponsored
    For Lease
    $3,500 /Mo

    COMMERCIAL - Sleepy Hollow, NY

    Days on Market:
    33
    Last Refresh:
    Feb 3 at 12:06 am

    Property Features for 347 N Broadway

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RES/NEC
    APN
    3401-115-011-00003-005-0000
    Parking
    10
    Fencing
    Fenced, Chain Link

    Utilities

    Utilities
    Propane
    Sewer type
    Public Sewer
    Heating system
    Propane (Heating)
    Cooling system
    Wall/Window Unit(s), Window Unit(s), Electric, Ductless, Multi Units
    Water source
    Public

    Building Details

    Year built
    1965
    Floors in Building
    1
    Flooring type
    Tile - Ceramic
    Building materials
    Block, Stucco

    We can help!

    Listing Contact
    Lillian Leone

    Keller Williams Realty Group (914) 713-3270

    Listing agent Lillian Leone (914) 299-8019

    Listing date Jan 2, 2026

    MLS# 946089

    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.

    Learn more

    Property Insight Report

    Overview

    Route 9 Commercial Property

    This commercial property is located on Route 9 (North Broadway) in Sleepy Hollow. The site, previously an Enterprise Rent-A-Car location for approximately 15 years, is suited for a vehicle-based or appointment-driven business, subject to municipal approvals. The property includes a 285 sq. ft. single-level freestanding structure with approximately 10 on-site parking spaces. It offers visibility, traffic exposure, and access along a commercial corridor. It is suitable for owner-operators or businesses needing a small office with outdoor parking. The lease is offered on a flat-fee basis and includes real estate taxes; the tenant is responsible for all utilities. The lease term is a minimum of two years, with the option to extend up to five years, subject to agreement. The tenant will be required to carry commercial liability insurance and name the landlord as an additional insured, with proof of coverage provided prior to occupancy. Zoned RES/NEC with a C-1 Highway Commercial designation, the property may support commercial uses, including auto-related services or other low-impact business operations, subject to town and zoning approvals. This is a rental opportunity for an entrepreneur seeking a compact, high-visibility location with a history of commercial use along Route 9.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Enterprise Rent-A-Car Car Rental Facility Callifi Telephone Systems Telecommunications Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sleepy Hollow
    County
    Westchester
    State
    New York
    Longitude
    -73.860653
    Latitude
    41.087758

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    FAQs

    What type of property is this?
    Parking lot & garage - Commercial property on Route 9 in Sleepy Hollow, NY.
    Where is this parking lot & garage located?
    The property is located at 347 N Broadway Sleepy Hollow, NY.
    What are key features of this property?
    This property features: - High-visibility location on Route 9 (North Broadway) with strong traffic exposure.; - Approximately 10 on-site parking spaces.; - Previously operated as a successful Enterprise Rent-A-Car location for 15 years.
    (914) 299-8019
    Request Owner's contact information
    347 N Broadway Sleepy Hollow, NY 10591
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    Sleepy Hollow, NY 10591
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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
    347 N Broadway Sleepy Hollow, NY 10591
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    We can help!
    Listing Contact
    Lillian Leone
    Real Estate License ID: 40LE1111473
    (914) 299-8019
    Learn more
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