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    510 N Broadway White Plains, NY 10603

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    Claim this Listing
    For Lease
    $600 /Mo

    COMMERCIAL - White Plains, NY

    Lot size:
    0.47 Acres
    Added:
    Dec 1, 2025
    Days on Market:
    154
    Last Refresh:
    May 4 at 7:06 pm

    Property Features for 510 N Broadway

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    16
    Basement
    Finished
    Appliances
    Electric Water Heater
    Standard status
    Active
    APN
    1700-120-020-00012-000-0001
    Lot size
    0.47 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3711

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Heating system
    Radiant, Baseboard, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    2
    Number of units
    9
    Building materials
    Frame

    We can help!

    Listing Contact
    Roger Fox

    Listing agent Roger Fox

    Listing office The Foxes Real Estate 273 Mamaroneck Ave, White Plains, NY

    Listing date Dec 1, 2025

    MLS# 939598

    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 Space Available

    Multiple office spaces are available for short-term rental, with leases of six months or longer. There are 10 offices available, either as individual rooms or as a full floor. On the first floor, there are 3 offices (3 rooms) available for $1200 per month per office. The second floor has 4 offices available for $600 per month per office, with the option to rent the entire floor. The lower level, which is fully ADA compliant and has a separate entry, offers 3 offices for $800 per month per office, or the entire floor for $2000 per month. The first floor includes a kitchen and bathroom, while the lower level also has a kitchen and bathroom. The property is located on a corner lot, providing good visibility. It was renovated in 2007 and is situated one block from the North White Plains Metro North train station and minutes from downtown White Plains. The property is also located on the Bee Line Bus line and near major highways I-287 and I-684.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Law Offices of Sameer ... Law Firm Fady Hajal, Psychiatrist Physician Weissman Ellen MD Physician Dr. Harvey M. ... Physician Sharp Daniel F ... Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    White Plains
    County
    Westchester
    State
    New York
    Longitude
    -73.8692204
    Latitude
    41.0188653

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    FAQs

    What type of property is this?
    Office units - Short-term office rentals in White Plains, convenient location.
    Where is this office units located?
    The property is located at 510 N Broadway White Plains, NY.
    What is the lease rate?
    The lease rate is $600 /Mo.
    What are key features of this property?
    This property features: One block from North White Plains Metro North train station.; Multiple office rental options: individual offices or full floors.; Convenient location: Bee Line Bus line access and near major highways I‑287 and I‑684.
    (914) 421-6500
    We can help!
    Listing Contact
    Roger Fox
    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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