Building Details

Building Size 2,234 SF

Year Built 1959

Buildings 2

Stories 2

Units 3

Listing Agency: Gillian Stewart Real Estate Show Phone

Listed By: Gillian Stewart Show Phone

Source: Gillianstewart

Added: Dec 16, 2025 Changed: Oct 23 Last Checked: Oct 23 at 2:34PM

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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 Gillian Stewart Real Estate

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Investment Insights

Based on property information with market context.

The property includes two structures. The main building has commercial space, with a one-bedroom residence on the second floor accessed through its own entrance. The residence includes an eat-in kitchen, living room, and full bathroom. An accessory cottage adds a bedroom, full bathroom, kitchenette, vaulted ceilings, a wood-burning stove, and a finished loft for storage. Both buildings offer ample storage, and the cottage has a level private yard.

The site is zoned R-B and has parking for about 10 cars.

Key Highlights

• Two structures: a main building and an accessory cottage
• Main building includes commercial space and a separate‑entry, one‑bedroom residence
• Cottage features vaulted ceilings, a wood‑burning stove, kitchenette, and finished storage loft

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,379

Cap Rate

3.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$647,580 $647.6K

Cap Rate 7%

$462,557 $462.6K

Cap Rate 9%

$359,767 $359.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,234 SF

Gross rent

$67.0K $30.00/SF

− Vacancy

−$15.2K −$6.81/SF

EGI

$51.8K $23.19/SF

− OpEx

−$19.4K −$8.70/SF

NOI

$32.4K $14.49/SF

Area

Westchester County, NY

Vacancy

22.70%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$647,580

Cap Rate 7%

$462,557

Cap Rate 9%

$359,767

Alternative Uses

Best Use

Mixed Use

$462.6K

$404.7K – $539.7K (±1% cap)

NOI $32,379 @ 7.0% cap · market cap 3.27%

Second Best

—

—

no second resolved use

Theoretical Best

Retail

$674.8K

$590.5K – $787.3K (±1% cap)

NOI $47,237 @ 7.0% cap · market cap 4.77%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Auto Repair Shop HVAC Service Storage Facility Furniture & Home Goods Garden Center Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

879

Businesses Nearby

Explore this area Business Placement

Demographics for 10504, NY

8,258

Population

2,665

Households

3.1

Avg Household Size

43

Median Age

81%

College-Educated

97%

High-School Grad

16.1 sq mi

ZIP Area

513

Density / Sq Mi

$247,433

Median Household Income

$105,654

Median Earnings

$1,910

Median Rent

$1,150,700

Median Home Value

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Frequently Asked Questions

What type of property is this?

Mixed-use property - A separate-entry upper-level residence complements commercial space in the main building.

Where is this mixed-use property located?

The property is located at 150 Bedford Road Armonk, NY.

What is the asking price?

The asking price for this property is $990,000.

What are key features of this property?

This property features: Two structures: a main building and an accessory cottage; Main building includes commercial space and a separate‑entry, one‑bedroom residence; Cottage features vaulted ceilings, a wood‑burning stove, kitchenette, and finished storage loft