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

    399 Executive Blvd Elmsford, NY 10523

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $18 SF/Yr

    Adaptable warehouse/industrial space with office component and highway access.

    Property size:
    35,000 SF
    Lot size:
    3.55 Acres

    Property Features for 399 Executive Blvd

    General Information

    Size
    35,000 SF
    Lot size
    3.55 Acres

    We can help!

    Listing Contact
    Ralph Benzakein
    Ralph Benzakein
    Source: Moodyscre

    Listing Agent: Ralph Benzakein

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

    Learn more

    Property Insight Report

    Overview

    Elmsford Warehouse/Industrial Space Available

    This property offers 35,000 square feet of warehouse and industrial space in Elmsford, NY. The space is currently configured with 15,000 square feet of office space and 20,000 square feet of warehouse space. The layout can be modified to suit a subtenant's specific needs. The property benefits from easy access to I-287.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ImageFirst Healthcare Laundry ... Laundry Service Tsi Elmsford Corporate Laundromat

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

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

    Similar Places Nearby

    Westy Self Storage, Safe Haven Self Storage, America's Finest Self Storage, Clancy-Cullen Moving & Storage Co, Zippy Shell of Westchester County

    Location Insight

    • Map
    • Local Demand
    City
    Elmsford
    County
    Westchester
    State
    New York
    Longitude
    -73.8063745
    Latitude
    41.0698284

    Nearby Similar for Lease

    • $16 SF/Yr

      Versatile Commercial Space in Elmsford

      Adaptable commercial space suitable for various uses in central Westchester.
      525 Executive Blvd Unit, Elmsford, NY 10523
      View Details
    • $14,300 /Mo

      Renovated Office Space in Elmsford

      Completely renovated office space with flexible zoning in Elmsford, NY.
      81 E Main St, Elmsford, NY 10523
      View Details
    • Contact for pricing
      16,350 SF

      Elmsford Warehouse Space Available

      75,721 SF warehouse space for lease in Elmsford, NY.
      4 Warehouse Ln, Elmsford, NY 10523
      View Details
    • $4,167 /Mo

      Renovated Office Space in Elmsford

      Completely renovated office space with flexible zoning in Elmsford, NY.
      81 E Main St, Elmsford, NY 10523
      View Details
    • $4,167 /Mo

      Renovated Office Space in Elmsford

      Renovated office space with flexible zoning in Elmsford, New York.
      81 E Main St, Elmsford, NY 10523
      View Details
    • Contact for pricing
      2,481 SF

      Class A Office Space Available

      Two Class A office buildings in Taxter Corporate Park.
      565 Taxter Rd, Elmsford, NY 10523
      View Details
    • Contact for pricing
      60,000 SF

      Cross Westchester Medical Office Space

      Elmsford, NY medical office suites for lease.
      100 Clearbrook Rd, Elmsford, NY 10523
      View Details
    • Contact for pricing
      102,958 SF

      Prime Elmsford Office/Warehouse Space

      15,000 SF Available, Flexible Lease Terms
      3 Westchester Plz, Elmsford, NY 10523
      View Details
    • Contact for pricing
      10,000 SF

      Nepperhan Ave Warehouse Space

      10,000 SF Warehouse, Multiple Tenants Available
      5 Nepperhan Ave, Elmsford, NY 10523
      View Details
    • Contact for pricing
      3,000 SF

      Elmsford Retail Center: Prime Location

      High-traffic shopping center, space available.
      320 Saw Mill River Rd, Elmsford, NY 10523
      View Details
    • Contact for pricing
      1,466 SF

      Elmsford Flex Space Available

      Flex space in Elmsford with convenient access to major highways.
      2 Westchester Plz, Elmsford, NY 10523
      View Details
    • $15,000 /Mo
      5,980 SF

      Industrial Flex Building For Lease

      5,980 sq ft industrial flex building available for lease.
      59 Nepperhan Ave, Elmsford, NY 10523
      View Details

    FAQs

    What type of property is this?
    Warehouse - Adaptable warehouse/industrial space with office component and highway access.
    Where is this warehouse located?
    The property is located at 399 Executive Blvd Elmsford, NY.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Flexible space can be modified to suit subtenant's needs.; - 20,000 sq ft of warehouse space available.; - 15,000 sq ft of office space available.
    (631) 424-4888
    Request Owner's contact information
    399 Executive Blvd Elmsford, NY 10523
    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.
    399 Executive Blvd
    Elmsford, NY 10523
    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
    399 Executive Blvd Elmsford, NY 10523
    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
    Ralph Benzakein
    Ralph Benzakein
    (631) 424-4888
    Learn more
    Google sign-in failed. Please try again or use another login method.