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

    168 Saw Mill River Rd Hawthorne, NY 10532

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $27 SF/Yr

    2,200 SF office flex space with 1,000 SF rooftop.

    Lot size:
    1.27 Acres

    Property Features for 168 Saw Mill River Rd

    General Information

    Standard status
    Active
    Lot size
    1.27 Acres

    We can help!

    Listing Contact
    Garry Klein
    Source: Exprealty

    Listing Agency: Houlihan Lawrence Commercial Listing Agent: Garry Klein

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

    Learn more

    Overview

    Office Flex Space with Rooftop

    This 2,200 square foot office flex space is available for lease and suitable for offices, galleries, dance studios, martial arts, music, and after-school programs. It features an additional 1,000 square foot rooftop area. The unit is in a high-traffic area near Amazon and Audi, with convenient access to the nearby Hawthorne train station. The interior benefits from floor-to-ceiling windows that provide natural light and 12-foot ceilings that allow for creative customization. The rooftop space can be used for meetings, events, or employee relaxation. Loading is available via hand truck delivery from the rear drive.
    Location Intelligence

    Current Use by Public Records

    Graphics by Color ... Photography Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Aramark

    Location Insight

    • Map
    • Local Demand
    City
    Hawthorne
    County
    Westchester
    State
    New York
    Longitude
    -73.8074927
    Latitude
    41.0984499

    Nearby Similar for Lease

    • $3,200 /Mo

      Hawthorne Retail/Office Space Available

      High-visibility storefront perfect for retail or office in Mount Pleasant.
      321 Elwood Ave, Hawthorne, NY 10532
      View Details
    • $20 SF/Yr

      Modern Office Space with Amenities

      Updated office space with modern design, versatile layout, and ample parking.
      245 Saw Ml Riv Rd #301, Hawthorne, NY 10532
      View Details
    • $20 SF/Yr

      Modern Office Space Available

      Updated office space with modern design, versatile floor plan, and amenities.
      245 Saw Ml Riv Rd #301, Hawthorne, NY 10532
      View Details
    • $20 SF/Yr

      Modern Office Space Available

      Updated office space with modern design and convenient location.
      245 Saw Ml Riv Rd #301, Hawthorne, NY 10532
      View Details
    • $1,200 /Mo
      147 SF

      Therapist Office Space Available

      Therapist office space for lease in Hawthorne, NY.
      40 Saw Mill River Rd, Hawthorne, NY 10532
      View Details
    • Contact for pricing
      41,527 SF

      Hawthorne Medical Office Space For Lease

      Prime Medical Office Suites in Hawthorne, NY
      22 Saw Mill River Rd, Hawthorne, NY 10532
      View Details
    • Contact for pricing
      5,348 SF

      Hawthorne Medical Office Space For Lease

      Prime Medical Office, 5,348 SF, Hawthorne, NY
      26 Saw Mill River Rd, Hawthorne, NY 10532
      View Details
    • Contact for pricing
      46,514 SF

      Mid Westchester Executive Suites

      Hawthorne, NY Office Space Available
      200 Saw Mill River Rd, Hawthorne, NY 10532
      View Details
    • $27 SF/Yr

      Office Flex Space with Rooftop

      2,200 sq ft office flex space with 1,000 sq ft rooftop.
      168 Saw Mill River Rd, Hawthorne, NY 10532
      View Details
    • Contact for pricing
      8,187 SF

      Hawthorne Retail Space For Lease

      Prime Hawthorne location, 8,187 sq ft.
      2 Skyline Dr, Hawthorne, NY 10532
      View Details
    • $22 SF/Yr
      4,000 SF

      Hawthorne Warehouse with Outdoor Storage

      Warehouse space in Hawthorne with secure outdoor storage.
      6 Liberty St, Hawthorne, NY 10532
      View Details
    • $21 SF/Yr
      1,926 SF

      Modern Office Space Near Metro

      Office space with warehouse option, walk to Metro North.
      5-7 W Cross St, Hawthorne, NY 10532
      View Details

    FAQs

    What type of property is this?
    Flex space - 2,200 SF office flex space with 1,000 SF rooftop.
    Where is this flex space located?
    The property is located at 168 Saw Mill River Rd Hawthorne, NY.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: - 2,200 sq ft office flex space suitable for various businesses.; - Enjoy an additional 1,000 sq ft rooftop space for meetings, events, or relaxation.; - Turnkey unit in a high-traffic location near Amazon & Audi.
    (914) 798-4900
    Request Owner's contact information
    168 Saw Mill River Rd Hawthorne, NY 10532
    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.
    168 Saw Mill River Rd
    Hawthorne, NY 10532
    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
    168 Saw Mill River Rd Hawthorne, NY 10532
    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
    Garry Klein
    (914) 798-4900
    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.