Industrial Building
For Sale
Contact for pricing
107 FAIRVIEW PK DR, Elmsford, NY 10523
Building-only leasehold offering in Elmsford, New York.
Property Size15,600 SF
Price / SF$255.38
Days on Market141
Property Features for 107 FAIRVIEW PK DR
General Information
Standard status
Active
Size
15,600 SF
Total Parking Spaces
26
Property subtype
Industrial
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$258,958
Building Details
Year Built
1969
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Northmarq Capital, LLC
(949) 608-2175
Listed By:
Jason Powell · License #GA 313490
Source:
Crexi
Added: Apr 13
Changed: Aug 30
Last Checked: Jul 18 at 2:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
This offering consists of an industrial building held through a leasehold interest, with the transaction limited to the building rather than the underlying land. The property is located at 107 Fairview Park Dr in Elmsford, New York.
Key Highlights
- Building‑only leasehold interest
- 107 Fairview Park Dr, Elmsford, NY 10523
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$221,484
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,429,680
$4.4M
Cap Rate 7%
$3,164,057
$3.2M
Cap Rate 9%
$2,460,933
$2.5M
Market Conditions
NOI Build-Up for 15,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$337.0K $21.60/SF
− Vacancy
−$20.6K −$1.32/SF
EGI
$316.4K $20.28/SF
− OpEx
−$94.9K −$6.08/SF
NOI
$221.5K $14.20/SF
Area
Westchester County, NY
Vacancy
6.10%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,429,680
Cap Rate 7%
$3,164,057
Cap Rate 9%
$2,460,933
Alternative Uses
Best Use
Industrial
$3.16M
$2.77M – $3.69M
NOI $221,484 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$4.71M
$4.12M – $5.50M
NOI $329,854 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Explore this area
Business Placement
Demographics for 10523, NY
9,489
Population
3,727
Households
2.5
Avg Household Size
37
Median Age
51%
College-Educated
91%
High-School Grad
3.6 sq mi
ZIP Area
2,636
Density / Sq Mi
$115,809
Median Household Income
$64,776
Median Earnings
$3,004
Median Rent
$526,000
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - Building-only leasehold offering in Elmsford, New York.
Where is this industrial property located?
The property is located at 107 FAIRVIEW PK DR Elmsford, NY.
What is the asking price?
The asking price for this property is $3,983,969.
What are key features of this property?
This property features: Building‑only leasehold interest; 107 Fairview Park Dr, Elmsford, NY 10523
