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

    5 Nepperhan Ave, Unit 1 Elmsford, NY 10523

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,750 /Mo

    Turnkey office space featuring perimeter offices, kitchenette, and storage.

    Property Features for 5 Nepperhan Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Jason Horowitz
    Jason Horowitz
    Source: Exprealty

    Listing Agency: Triforce Commercial RE LLC Listing Agent: Jason Horowitz

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

    Learn more

    Property Insight Report

    Overview

    Turnkey Office Space Available

    This is a 3,000 square foot office space available for rent. Located on the second floor of an industrial building, the turnkey office space includes two bathrooms, a kitchenette, seven perimeter offices (six with windows), an open middle area, an IT room, and a storage room.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Central Turf & Irrigation ... Garden Center Killer Silver Ltd. ... Warehouse & Storage JRT Associates Medical Supply Store Rebel Tattoo Machine Tattoo & Piercing Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Elmsford
    County
    Westchester
    State
    New York
    Longitude
    -73.8195171
    Latitude
    41.0562043

    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
    • $3,750 /Mo

      Turnkey Office Space Available

      3,000 SF office space with perimeter offices, ready for occupancy.
      5 N Nepperhan Ave, Elmsford, NY 10523
      View Details
    • Contact for pricing
      3,570 SF

      Elmsford Flex Space Available

      Flex space with office and warehouse components available for lease.
      175 Clearbrook Rd, Elmsford, NY 10523
      View Details
    • Contact for pricing
      30,000 SF

      Medical/Office Space for Social Service

      Divisible medical/office space in Elmsford, NY, near major highways.
      80 Grasslands Rd, Elmsford, NY 10523
      View Details
    • Contact for pricing
      2,481 SF

      Elmsford Corner Office Sub-Lease

      Corner office suite for sublease in Elmsford, fully furnished.
      555 Taxter Rd, 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
    • Contact for pricing
      5,450 SF

      Elmsford Office/R&D Building For Rent

      Single-story, 41,608 SF office/R&D building available for lease.
      500 Executive Blvd, Elmsford, NY 10523
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      1,746 SF

      Elmsford Office Space Available

      Office space for rent in Elmsford, New York.
      570 Taxter Rd, 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
      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

    FAQs

    What type of property is this?
    Office units - Turnkey office space featuring perimeter offices, kitchenette, and storage.
    Where is this office units located?
    The property is located at 5 Nepperhan Ave, Unit 1 Elmsford, NY.
    What is the lease rate?
    The lease rate is $3,750 /Mo.
    What are key features of this property?
    This property features: - Turnkey 3,000 +/- SF office space ready for immediate occupancy.; - Features 7 massive perimeter offices, 6 with windows offering natural light.; - Includes 2 bathrooms and a kitchenette for convenience.
    (845) 450-6500
    Request Owner's contact information
    5 Nepperhan Ave, Unit 1 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.
    5 Nepperhan Ave, Unit 1
    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
    5 Nepperhan Ave, Unit 1 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
    Jason Horowitz
    Jason Horowitz
    Real Estate License ID: 10491207540
    (845) 450-6500 (845) 323-9177
    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!