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    199-201 E Post Road White Plains, NY 10601

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    Sponsored
    Source: https://caprijetrealty.com
    For Sale
    $11,500,000

    16 Unit 18,138 Sqft. Corner Office Building For Sale

    Property size:
    18,138 SF

    Property Features for 199-201 E Post Road

    General Information

    Property type
    Office buildings
    Square Feet
    18,138 SF
    Price / Square Foot
    $634
    Elevators
    N/A
    Lot Size
    18,138 SF

    Building Details

    Buildings
    1
    Stories
    4

    Overview

    Corner Office Building For Sale

    This 16-unit, 18,138 square foot corner office building is available for sale. The four-story building features excellent signage and exposure, high ceilings, conference rooms, and secure private offices. It includes a 3,157 square foot private parking garage, a 3,200 square foot mezzanine, and an elevator. The property is equipped with sprinklers, all new LED lighting, and 3 Phase 1200 Amp power. It is zoned R6/C2-3. The property is located in the heart of Kew Gardens on Hillside Avenue near the Van Wyck Expressway. Nearby businesses include Starbucks, Toyota, Kia, Honda, Bank Of America, Allstate, Walgreens, Planet Fitness, Dunkin', McDonald's, Taco Bell, Mobil, Pep Boys, Wendy's, Advance Auto Parts, Burger King, and KFC. The first floor is leased to Chychillas Inc, with a lease expiring on 10/14/28. Unit 201 is leased to Brooklyn Radiation Oncology, with a lease expiring on 3/30/37. Unit 202 is leased to Brooklyn Radiation Oncology, with a lease expiring on 10/10/28. Unit 301 is leased to Best Medical Care, with a lease expiring on 8/31/26. Unit 304 is leased to Brooklyn Radiation Oncology, with a lease expiring on 12/31/28. Unit 305 is leased to Big Heart Home Care, with a lease expiring on 2/28/25. Unit 306 is leased to Voltamp Electrical Contractors Inc, with a lease expiring on 7/2/25. LL #1 is leased to Cristian Genao Photos & Films, with a lease expiring on 9/30/26. LL #2 is leased to Get Ready Kids, with a lease expiring on 9/30/25. M-1 is leased to The Excel Academy, with membership since 9/1/23. M-3 has membership since 10/18/24. M-4 has membership since 11/1/24. M-10 has membership since 6/22/24. M-16 is leased to Entrateca Robinson, with membership since 10/27/23. Best Car Medical leases two parking spaces, with a lease expiring on 1/1/60. Dish Wireless leases the rooftop, with a lease expiring on 12/14/24.

    We can help!

    Listing Contact
    Richard Matt Shane

    Learn more

    Property Insight Report
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    White Plains
    State
    New York
    Longitude
    -73.763332
    Latitude
    41.029724

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    FAQs

    What type of property is this?
    Office building - 16 Unit 18,138 Sqft. Corner Office Building For Sale
    Where is this office building located?
    The property is located at 199-201 E Post Road White Plains, NY.
    What is the asking price?
    The asking price for this property is $11,500,000.
    (516) 783-5600
    Request Owner's contact information
    199-201 E Post Road White Plains, NY 10601
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    White Plains, NY 10601
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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
    199-201 E Post Road White Plains, NY 10601
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    Listing Contact
    Richard Matt Shane
    (516) 783-5600
    Learn more
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