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

    915 Palmer Road Bronxville, NY 10708

    View on Map
    For Sale
    $1,295,000

    SINGLE_FAMILY - Bronxville, NY

    Type:Office
    Lot size:
    0.14 Acres
    Added:
    Nov 11, 2025
    Days on Market:
    141
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 915 Palmer Road

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    MG
    Rooms
    Basement
    Parking
    4
    Parking features
    Parking Lot
    Fencing
    Fenced
    Basement
    Finished, Walk-Out Access, Full, Storage Space
    Appliances
    Dishwasher, Dryer, Exhaust Fan, Gas Cooktop, Microwave, Refrigerator, Washer
    Standard status
    Active
    APN
    1800-005-000-05645-000-0052
    Lot size
    0.14 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    15951

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1921
    Floors in Building
    4
    Flooring type
    Combination, Hardwood
    Building materials
    Frame, Vinyl Siding

    We can help!

    Listing Contact
    Camelia A. Pena-Rivera

    Listing agent Camelia A. Pena-Rivera License #10401258871

    Listing office RE/MAX Distinguished Hms.&Prop 273 Columbus Ave, Tuckahoe, NY

    Listing date Nov 11, 2025

    MLS# 927686

    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

    Bronxville Multi-Level Flexible Use Building

    This multi-level building in Bronxville, New York, offers 3,511 square feet of flexible space across four floors. Previously used as a medical home office, the layout is suited for private offices, client meeting areas, treatment rooms, and living quarters. Ample on-site parking is available. The property is located on a well-traveled street with a bus stop in front and is a short distance from the train station, offering convenient access to the Bronx and Manhattan. The lot size is 0.1446 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Steven R. ... Ophthalmologist Retina Consultations Ophthalmologist

    Suggested Use

    Law Firm Restaurant Real Estate Agency 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

    • Tuckahoe Animal Hospital & Pet Center — 20 Depot Square, Tuckahoe, NY 10707

    Location Insight

    • Map
    • Local Demand
    City
    Bronxville
    County
    Westchester
    State
    New York
    Longitude
    -73.8414212
    Latitude
    40.9412107

    Nearby Similar for Sale

    • $580,000
      1,732 SF

      Spacious Bronxville Unit with Balconies

      Spacious unit with balconies, storage, and gated security.
      22 Bronxville Glen Drive 24, Bronxville, NY 10708
      View Details
    • $1,000,000

      Bronxville Medical Office Condo

      Renovated medical office condo near Bronxville Metro North.
      69 Pondfield Road #2F4, Bronxville, NY 10708
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Multi-level building suitable for professional, medical, or residential use.
    Where is this medical office space located?
    The property is located at 915 Palmer Road Bronxville, NY.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: 3,511 sq ft of flexible space suitable for professional, medical, or residential use.; Ideal live/work setup with potential for private offices, meeting areas, treatment rooms, and living quarters.; Convenient location on a well‑traveled street with a bus stop and close proximity to the train station, Bronx, and Manhattan.
    (914) 441-1393
    We can help!
    Listing Contact
    Camelia A. Pena-Rivera
    Real Estate License ID: 10401258871
    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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