Add Listing
    For Lease
    • 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

    1 North Ave New Rochelle, NY 10801

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $5,000 /Mo

    Corner property in New Rochelle, perfect for restaurant or retail.

    We can help!

    Listing Contact
    Michael Esposito
    Source: Elliman

    Listing Agent: Michael Esposito

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

    Learn more

    Property Insight Report

    Overview

    New Rochelle Corner Restaurant Space

    This corner property in New Rochelle is available for lease. Currently configured for an online prep and delivery business, the space is suitable for a traditional restaurant due to its high visibility and foot traffic. The interior features an open layout with a modern kitchen setup, ample storage, and a large back office. The back office could potentially be used as additional seating or for business management. This location is suited for culinary entrepreneurs. The property is also suitable for retail purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    5 Squares Weight Loss Service

    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.

    Similar Places Nearby

    El Sabor De Mi Tierra, Mananycatering

    Location Insight

    • Map
    • Local Demand
    City
    New Rochelle
    County
    Westchester
    State
    New York
    Longitude
    -73.7750623
    Latitude
    40.9046042

    Nearby Similar for Lease

    • New
      $2,400 /Mo

      Downtown Pelham Commercial Space Available

      Commercial space in downtown Pelham with high foot traffic.
      231 5Th Ave, Pelham, NY 10803
      View Details
    • $1,500 /Mo

      Bright Office Space in Pelham

      Restored office building near train; 25 minutes to NYC.
      87 Wolfs Ln, Pelham, NY 10803
      View Details
    • Sponsored
      Contact for pricing

      New Rochelle

      All-inclusive access to workspace, virtual office and meeting rooms in 505 Montgomery
      173 Huguenot St, New Rochelle, NY 10801
      View Details
    • $3,000 /Mo
      Pending

      New Rochelle Retail/Salon Space

      Prime New Rochelle location, versatile layout, ideal for salon/services.
      76 North Ave, New Rochelle, NY 10801
      View Details
    • $2,400 /Mo
      600 SF

      Retail Space in Pelham, NY

      Retail space with street exposure in Pelham, New York.
      225 5Th Ave, Pelham, NY 10803
      View Details
    • $2,400 /Mo

      Downtown Pelham Storefront for Rent

      Storefront in downtown Pelham with high foot traffic.
      231 Fifth Ave, Pelham, NY 10803
      View Details
    • $2,400 /Mo

      Retail Space on Fifth Avenue

      Retail space with street exposure, near luxury apartments.
      225 Fifth Ave, Pelham, NY 10803
      View Details
    • $1,500 /Mo

      Union Avenue Retail/Office Space

      900 SF retail or office space available for rent.
      302 Union Ave, New Rochelle, NY 10801
      View Details
    • $26 SF/Yr
      2,500 SF

      New Rochelle Retail/Medical Space

      2500 SF space with private entrance and parking.
      150 Lockwood Ave, New Rochelle, NY 10801
      View Details
    • $1,700 /Mo

      Well-Maintained Office Space Available

      600 SF office space with kitchenette and full bath.
      675 Main St, New Rochelle, NY 10801
      View Details
    • $850 /Mo

      Downtown New Rochelle Office Space

      Office space in downtown New Rochelle, accessible 24/7.
      72 e Main St, New Rochelle, NY 10801
      View Details
    • $3,250 /Mo

      Renovated Storefront in High-Visibility Location

      Fully renovated commercial space ideal for medical or wellness businesses.
      762 Main St, New Rochelle, NY 10805
      View Details

    FAQs

    What type of property is this?
    Restaurant - Corner property in New Rochelle, perfect for restaurant or retail.
    Where is this restaurant located?
    The property is located at 1 North Ave New Rochelle, NY.
    What is the lease rate?
    The lease rate is $5,000 /Mo.
    What are key features of this property?
    This property features: - High visibility corner property with significant foot traffic.; - Ideal for a traditional restaurant or eatery.; - Modern kitchen setup already in place.
    (914) 235-4996
    Request Owner's contact information
    1 North Ave New Rochelle, NY 10801
    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.
    1 North Ave
    New Rochelle, NY 10801
    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
    1 North Ave New Rochelle, NY 10801
    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
    Michael Esposito
    (914) 235-4996
    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!