Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Medical/Dental Office Space Available Title is generated by Realmo AI

    140 Lockwood, New Rochelle, NY 10801

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Premier location for medical and dental practitioners in Westchester.

    Type:Office
    Added:
    Jul 9, 2022
    Days on Market:
    1410
    Last Refresh:
    Mar 16 at 10:20 am

    Property Features for 140 Lockwood

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 140 Lockwood Contact us

    Suite 308 $26/Mo

    Size
    696 SF
    Type
    Office
    Adjacent to Montefiore New Rochelle Hospital - Close to I-95 and Metro North Train...
    show more
    Contact us

    Suite 307 $26/Mo

    Size
    996 SF
    Type
    Office
    Adjacent to Montefiore New Rochelle Hospital - Close to I-95 and Metro North Train...
    show more
    Contact us

    Suite 304-308 $26/Mo

    Size
    3,545 SF
    Type
    Office
    Adjacent to Montefiore New Rochelle Hospital - Close to I-95 and Metro North Train...
    show more
    Contact us

    We can help!

    Listing Contact
    Bruce Rothman

    Listing agent Bruce Rothman License #10311204870

    Listing office Lee & Associates - New York

    Listing date Jul 9, 2022

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - New York

    HighLights

    • Premier location for medical, dental, and related practitioners.
    • Ideal for professional practices.
    • Located in Westchester.
    • Suitable for medical practices.
    • Suitable for dental practices.
    • Suitable for related practitioners.

    Overview

    This commercial real estate offers a premier location suitable for medical, dental, and related practitioners in Westchester. The property is available for rent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ivis M. Getz, ... Dental Office SEARINGTOWN DENTAL - Laser ... Dental Office Southside Dental Dental Office John F. Como, ... Dental Office Jennifer Pichardo DDS ... Dental Office

    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

    • Martin Mary DVM — 98 North Ave, New Rochelle, NY 10801
    • Goldstein Richard S DVM — New Rochelle, NY 10801
    • ANC Veterinary Dental Center — 1 Cottage Pl, New Rochelle, NY 10801

    Location Insight

    • Map
    • Local Demand
    City
    New Rochelle
    County
    Westchester
    State
    New York
    Longitude
    -73.7905575
    Latitude
    40.9128348

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      New Rochelle

      173 Huguenot St, Unit 200, New Rochelle, NY 10801
      View Details
    • $12,000/Mo
      4,500 SF

      Downtown New Rochelle Corner Retail

      Prime corner location suitable for retail, church, or restaurant.
      565 Main St, New Rochelle, NY, 10801-7214
      View Details
    • $3,000/Mo

      Modern Apartment in Convenient Location

      Bright, modern 2-bedroom apartment in New Rochelle, built in 2018.
      10 9th St 2, New Rochelle, NY 10801
      View Details
    • $3,000/Mo

      Renovated Apartment Near Transportation

      Renovated 2-bedroom apartment in New Rochelle, available June 1st.
      48 Lincoln, New Rochelle, NY 10801
      View Details
    • $25 SF/Yr
      5,598 SF

      Retail Space in New Rochelle

      Retail space available for lease in New Rochelle, NY.
      26 Division St, New Rochelle, NY
      View Details
    • $47 SF/Yr
      624 SF

      Retail Suite in Downtown New Rochelle

      624 SF retail suite in a vibrant downtown location.
      38 Westchester Pl, New Rochelle, NY, 10801-7217
      View Details
    • $3,850/Mo

      Renovated New Rochelle Residence

      Renovated first-floor residence with parking and private backyard.
      92 Washington Ave Floor 1, New Rochelle, NY 10801
      View Details
    • $2,950/Mo

      Well-Lit Apartment with Eat-In Kitchen

      Two-bedroom apartment with parking, backyard, and included heat.
      265 Mayflower Ave 1, New Rochelle, NY 10801
      View Details
    • $2,800/Mo

      Spacious First-Floor Rental Available

      Bright 2-bedroom rental near transportation and amenities.
      274 Lockwood Ave First floor, New Rochelle, NY 10801
      View Details
    • Contact for pricing
      1,396 SF

      Retail Space in High-Traffic Center

      Retail space with high visibility and ample parking.
      8-28 Joyce Rd, New Rochelle, NY
      View Details
    • Contact for pricing
      900 SF

      Well-Lit Apartment with Large Kitchen

      Two-bedroom apartment with eat-in kitchen, parking, and backyard.
      265 Mayflower Avenue, Unit 1, New Rochelle, NY 10801
      View Details
    • $45 SF/Yr
      11,500 SF

      Retail Space with Ample Parking

      11,500 SF retail space with on-site parking available.
      14 Weyman Ave, New Rochelle, NY
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Premier location for medical and dental practitioners in Westchester.
    Where is this medical office space located?
    The property is located at 140 Lockwood New Rochelle, NY.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: Premier location for medical, dental, and related practitioners.; Ideal for professional practices.; Located in Westchester.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bruce Rothman
    Real Estate License ID: 10311204870
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    140 Lockwood, New Rochelle, NY 10801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!