Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    246 Central Ave White Plains, NY 10606

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $1,000,000

    Highly visible office space in a convenient White Plains location.

    Lot size:
    0.15 Acres

    Property Features for 246 Central Ave

    General Information

    Property type
    Commercial
    Standard status
    Pending
    Lot size
    0.15 Acres

    Building Details

    Year built
    1924

    We can help!

    Listing Contact
    Luis F. Fernandez
    Source: Elliman

    Listing Agent: Luis F. Fernandez

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

    Learn more

    Overview

    Professional Office Space For Sale

    This professional office space is located on Central Avenue in White Plains, offering high visibility and accessibility. The property is suitable for a law office, showroom, or professional practice. It includes a parking lot with 12 spaces. The location is one block from the Westchester County Center and the White Plains train station, with easy access to I-287 and major thoroughfares. The property benefits from high traffic exposure, with over 27,000 cars passing by daily. Dedicated parking is included. The setting is suitable for attorneys, accountants, consultants, or boutique showrooms. This property is located in a strategic and desirable commercial corridor.
    Location Intelligence

    Current Use by Public Records

    Maggie Seaman, LMSW, ... Psychotherapist Allstate Insurance: Carmen ... Insurance Agency Anguilla Tourist Board Travel Agency American Multi Services Check Cashing Dolores Batista: Allstate ... Insurance Agency

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    White Plains
    County
    Westchester
    State
    New York
    Longitude
    -73.7817778
    Latitude
    41.0358383

    Nearby Similar for Sale

    • $1,650,000
      Pending

      White Plains Office/Residential Opportunity

      Office space or residential development opportunity in White Plains, NY.
      19 Greenridge Ave, White Plains, NY 10605
      View Details
    • $1,395,000
      0.15 Acres

      Spacious Two-Family Home with Bonus Space

      Turnkey two-family home with bonus third-floor living space.
      107 Underhill Ave, West Harrison, NY 10604
      View Details
    • $99,000
      900 SF

      Renovated Office Space in White Plains

      Turnkey 900 SF office co-op in downtown White Plains.
      10 Old Mamaroneck Rd, White Plains, NY 10605
      View Details
    • $1,556,000
      0.08 Acres

      Four-Family Investment Opportunity in White Plains

      Lucrative four-family property with development potential near Central Avenue.
      179 Chatterton Ave, White Plains, NY 10606
      View Details
    • $875,000
      Pending

      Victorian Multi-Family in White Plains

      Well-maintained 3-family home in family-friendly Fisher Hill neighborhood.
      157 Fisher Ave, White Plains, NY 10606
      View Details
    • $699,000
      Pending

      Victorian Duplex in White Plains

      Charming Victorian two-family home in desirable White Plains neighborhood.
      128 Hale Ave, White Plains, NY 10605
      View Details
    • $599,000
      2,200 SF

      Renovated Medical Office Space

      Modern, renovated medical office space with 12 exam rooms.
      56 Doyer Ave, White Plains, NY 10605
      View Details
    • $3,700,000

      Industrial Flex Building For Sale

      16,000 SF industrial flex building, 88% leased, ample parking.
      77 Lafayette Ave, White Plains, NY 10603
      View Details
    • $295,000

      Restaurant Business for Sale

      Confidential restaurant business for sale with lease assumption.
      12 West Main St, White Plains, NY 10523
      View Details
    • $599,000

      Renovated Medical Office Space

      Newly renovated medical office space ideal for healthcare professionals.
      56 Doyer Ave, White Plains, NY 10605
      View Details
    • Contact for pricing
      Pending

      Versatile Commercial Property in White Plains

      Adaptable 9,428 SF property with redevelopment potential in White Plains.
      70 Gedney Way, White Plains, NY 10605
      View Details
    • $2,975,000
      Pending

      Versatile Property in White Plains

      Adaptable commercial space with redevelopment potential in a prime location.
      70 Gedney Way, White Plains, NY 10605
      View Details

    FAQs

    What type of property is this?
    Office units - Highly visible office space in a convenient White Plains location.
    Where is this office units located?
    The property is located at 246 Central Ave White Plains, NY.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - High Traffic Exposure: Over 27,000 cars pass by daily, providing prime visibility.; - Ample Parking: Dedicated parking lot with 12 spaces included.; - Convenient Location: One block from the White Plains train station and Westchester County Center.
    (914) 713-3270
    Request Owner's contact information
    246 Central Ave White Plains, NY 10606
    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.
    246 Central Ave
    White Plains, NY 10606
    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
    246 Central Ave White Plains, NY 10606
    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
    Luis F. Fernandez
    (914) 713-3270 (914) 309-9383 (888) 276-0630
    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!