Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    117 E Stevens Ave Valhalla, NY 10595

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space available in Valhalla, NY with ample parking.

    Property size:
    5,527 SF
    Lot size:
    5.00 Acres

    Property Features for 117 E Stevens Ave

    General Information

    Size
    5,527 SF
    Lot size
    5.00 Acres

    We can help!

    Listing Contact
    Brendan Hickey
    Source: Moodyscre

    Listing Agent: Brendan Hickey

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

    Learn more

    Property Insight Report

    Overview

    Valhalla Office Space for Rent

    The property at 115-117 Stevens Avenue offers a total of 183,457 rentable square feet with 681 on-site parking spaces, a ratio of 4 spaces per 1,000 square feet. The location provides convenient access to I-287, Bronx River Parkway, Sprain Brook Parkway, Saw Mill River Parkway, and Taconic State Parkway. Current amenities include a 24-hour management hotline, covered parking, a conference center, a cafe, an ATM, a fitness center, and nightly cleaning. Available space is 5,527 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Myriad Systems Financial Institution Utopus Insights, Inc. Environment Renewable Natural Resources Nationwide Maintenance Inc Business Management Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Clothing Store Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Valhalla
    County
    Westchester
    State
    New York
    Longitude
    -73.7742585
    Latitude
    41.0975143

    Nearby Similar for Lease

    • Contact for pricing
      3,055 SF

      Valhalla Medical/Office Space for Lease

      Medical and office spaces available for lease in Valhalla.
      465 Columbus Ave, Valhalla, NY 10595
      View Details
    • $27 SF/Yr
      29,756 SF

      Prestigious Office Park for Lease

      Three-building office park with amenities on 102 acres.
      500 Summit Lake Dr, Valhalla, NY 10595
      View Details
    • $1,950 /Mo

      Convenient Office Space Near Train

      Office space near train, restaurants, and shops for rent.
      27 Cleveland St, Valhalla, NY 10595
      View Details
    • $4,500 /Mo

      Valhalla Retail/Office Space For Rent

      Prime Valhalla location suitable for retail or office use.
      118 Columbus Ave, Valhalla, NY 10595
      View Details
    • Contact for pricing
      5,844 SF

      Valhalla Retail Space: Prime Location

      Class A retail space, multiple units available.
      200 Summit Lake Dr, Valhalla, NY 10595
      View Details
    • Contact for pricing
      4,268 SF

      Valhalla Office Space for Rent

      Office space available in Valhalla, NY with ample parking.
      115 E Stevens Ave, Valhalla, NY 10595
      View Details
    • Contact for pricing
      3,800 SF

      Medical Office Space Near Hospitals

      Custom medical space adjacent to Westchester Medical Center.
      503 Grasslands Rd, Valhalla, NY 10595
      View Details
    • $27 SF/Yr
      4,941 SF

      Valhalla Office Space Available

      Office space for rent with convenient highway access.
      100 Summit Lake Dr, Valhalla, NY 10595
      View Details
    • $2,950 /Mo

      Retail Space Available For Rent

      Retail space available for lease at $11 per square foot.
      27 Floor St, Valhalla, NY 10595
      View Details

    FAQs

    What type of property is this?
    Office space - Office space available in Valhalla, NY with ample parking.
    Where is this office space located?
    The property is located at 117 E Stevens Ave Valhalla, NY.
    What are key features of this property?
    This property features: - Excellent highway access via I-287, Bronx River Parkway, Sprain Brook Parkway, Saw Mill River Parkway and Taconic State Parkway.; - Ample on-site parking with **681 spaces (4/1,000)**.; - Total of 183,457 rentable square feet.
    (914) 642-9300
    Request Owner's contact information
    117 E Stevens Ave Valhalla, NY 10595
    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.
    117 E Stevens Ave
    Valhalla, NY 10595
    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
    117 E Stevens Ave Valhalla, NY 10595
    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
    Brendan Hickey
    (914) 642-9300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.