Add Listing
    For Sale
    • 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

    443 Fifth Ave Pelham, NY 10803

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $975,000

    Profitable Pelham Office, 2920 sq ft

    Property size:
    2,920 SF

    Property Features for 443 Fifth Ave

    General Information

    Property type
    Office properties & Spaces
    Square Feet
    2,920 SF
    Lot Size
    5,227 SF

    Building Details

    Year Built
    1996

    We can help!

    Listing Contact
    Raymond Poppe

    Listing Agency: Coldwell Banker Realty Listing Agent: Raymond Poppe

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional two-story office building, constructed in 1996, presents a lucrative investment opportunity in the desirable Pelham, NY market. Boasting a generous 2,920+ square feet of gross building area, the property is currently generating income with month-to-month tenant leases. The building features convenient amenities including bathrooms and kitchenettes on each floor. Situated on a 0.12+ acre lot (5,223+ sq ft total), the property benefits from a "Business-3" zoning designation by the Village of Pelham, offering flexibility for future development or expansion. Its prime location, just 15 miles from Manhattan, provides unparalleled access to the city while retaining the charm and tranquility of suburban living. Pelham offers a vibrant community with excellent schools, local businesses, and convenient access to amenities. The town center is easily walkable, featuring cafes, restaurants, shops, and professional services, including fitness centers, medical offices, and a public library. This property is an ideal investment for those seeking a strong return in a thriving and highly sought-after location. The combination of existing income, desirable location, and flexible zoning makes this a truly exceptional opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Feuerstein Herbert Architect Rose Hill Group ... Construction Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pelham
    County
    Westchester County
    State
    New York
    Longitude
    -73.80613
    Latitude
    40.91838

    Nearby Similar for Sale

    • $972,000
      0.05 Acres

      Commercial Space in Vibrant Pelham

      Prime commercial space with established tenant in Pelham, New York.
      504 5Th Ave, Pelham, NY 10803
      View Details
    • New
      $949,000
      0.16 Acres

      Pelham Two-Family Home on Corner

      Classic two-family home in Pelham, ideal for various uses.
      503 Second Ave, Pelham, NY 10803
      View Details
    • $585,000
      Pending

      Pelham Duplex Near Downtown

      Two-family property near school, shops, restaurants, and train station.
      226 Fourth Ave, Pelham, NY 10803
      View Details
    • $4,500,000
      20,000 SF

      Freestanding Building For Sale/Lease

      Two-story, on-grade building suitable for wholesale, retail, and distribution.
      919 St W, Pelham, NY
      View Details
    • $139,000

      Studio Apartment in Biltmore Building

      Cozy studio apartment in Pelham Manor, close to amenities.
      4784 Boston Post Rd, Pelham, NY 10803
      View Details
    • $1,098,000
      1,915 SF

      Pelham Commercial Space: Prime Location

      High-traffic Pelham business, established tenant.
      504 Fifth Ave, Pelham, NY 10803
      View Details

    FAQs

    What type of property is this?
    Office property - Profitable Pelham Office, 2920 sq ft
    Where is this office property located?
    The property is located at 443 Fifth Ave Pelham, NY.
    What is the asking price?
    The asking price for this property is $975,000.
    (914) 245-3400
    Request Owner's contact information
    443 Fifth Ave Pelham, NY 10803
    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.
    443 Fifth Ave
    Pelham, NY 10803
    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
    443 Fifth Ave Pelham, NY 10803
    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
    Raymond Poppe
    (914) 245-3400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!