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

    140 Midland Ave Portchester, NY 10573

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Available office and retail spaces in Port Chester, New York.

    We can help!

    Listing Contact
    Joe Mastromonaco
    Source: Atlanticretail

    Listing Agent: Joe Mastromonaco

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

    Learn more

    Overview

    Port Chester Office/Retail Space

    This property in Port Chester, Westchester County, New York, offers 5,821 square feet of available space. There are three spaces available for rent, suitable for office or retail use.
    Location Intelligence

    Current Use by Public Records

    Carpet World of Westchester Carpet & Flooring Store Midland 99¢ (Bike/Boat/Book/etc) Store beauty salon & spa ... Hair Salon Heritage Cards & Gifts Grocery & Convenience Store ATM Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portchester
    County
    Westchester
    State
    New York
    Longitude
    -73.6701396
    Latitude
    40.9916303

    Nearby Similar for Lease

    • $1,400 /Mo
      900 SF

      Port Chester First Floor Office

      Spacious office suite near transportation, shops, and restaurants.
      388 Westchester Ave, Portchester, NY 10573
      View Details
    • $1,223 /Mo
      489 SF

      Port Chester Office Space Available

      Move-in ready office space in the heart of Port Chester.
      21 N Main St, Portchester, NY 10573
      View Details
    • Sponsored
      New
      Contact for pricing

      NY, Rye Brook - International Dr

      Discover many ways to work your way in UT, Clearfield - Legend Hills Dr
      4 International Dr Rye Brk, Portchester, NY 10573
      View Details
    • $1,400 /Mo

      Renovated Office Suite For Rent

      Spacious office suite with parking, near transportation and amenities.
      388 Westchester Ave, Portchester, NY 10573
      View Details
    • $1,223 /Mo

      Port Chester Office Space Available

      Two-room office space in the heart of Port Chester.
      21 N Main St, Portchester, NY 10573
      View Details
    • Contact for pricing
      75,255 SF

      Retail Space in Port Chester

      Retail space available in a busy shopping center.
      421 Boston Post Rd, Portchester, NY 10573
      View Details
    • $1,250 /Mo
      687 SF

      Spacious Office Suite in Port Chester

      First-floor office suite near transportation and amenities in Port Chester.
      388 Westchester Ave, Portchester, NY 10573
      View Details
    • $1,850 /Mo

      Renovated Office Space For Rent

      Newly renovated 1,300 SF office space near transportation.
      363 Westchester Ave, Portchester, NY 10573
      View Details
    • $29,900
      30,000 SF

      Former School Building For Lease

      30,000 SF former school building with parking available for lease.
      18 Central Ave, Portchester, NY 10573
      View Details
    • Contact for pricing
      1,075 SF

      Retail/Restaurant Space in Port Chester

      New retail/restaurant space in mixed-use development, Port Chester, NY.
      169 N Main St, Portchester, NY 10573
      View Details
    • Contact for pricing
      5,052 SF

      Retail Space on Boston Post

      503,740 SF shopping center on Boston Post Road.
      435 Boston Post Rd, Portchester, NY 10573
      View Details
    • Contact for pricing
      2,420 SF

      Retail Space on Boston Post

      503,740 SF shopping center on Boston Post Road.
      427 Boston Post Rd, Portchester, NY 10573
      View Details

    FAQs

    What type of property is this?
    Office units - Available office and retail spaces in Port Chester, New York.
    Where is this office units located?
    The property is located at 140 Midland Ave Portchester, NY.
    What are key features of this property?
    This property features: - 5,821 SF Available, offering ample space.; - 3 Available Spaces to suit your needs.; - Located in Port Chester, NY.
    (212) 687-2400
    Request Owner's contact information
    140 Midland Ave Portchester, NY 10573
    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.
    140 Midland Ave
    Portchester, NY 10573
    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
    140 Midland Ave Portchester, NY 10573
    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
    Joe Mastromonaco
    (212) 687-2400
    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!