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

    1825 Commerce St Yorktown Heights, NY 10598

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $62,700

    Renovated medical office space available in downtown Yorktown Heights.

    Property Features for 1825 Commerce St

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Garry Klein
    Garry Klein
    Source: Corcoran

    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

    Property Insight Report

    Overview

    Renovated Medical Office Building

    A renovated freestanding medical office building offers space for rent. The available space on the first floor ranges from 1,175 to 2,200 square feet, previously used as a medical office. The landlord is willing to build-to-suit turnkey for qualified tenants. The property has been completely renovated and upgraded inside and out. Ample on-site parking is available, including 28 dedicated spaces and an additional 22 shared spaces. There is an opportunity for building signage. The property is well-located in downtown Yorktown Heights, and benefits from local and responsive owner management.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hospital Dr So Physician Laura Mieszerski MD Physician Gannon Jennifer B ... Physician Dr. Emily Puntillo, ... Pediatrician Amy Fleming MD Midwife

    Suggested Use

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

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

    Similar Places Nearby

    Yorktown Animal Hospital, Heights Hospital For Animals, Yorktown Veterinary Associates

    Location Insight

    • Map
    • Local Demand
    City
    Yorktown Heights
    County
    Westchester
    State
    New York
    Longitude
    -73.7807653
    Latitude
    41.2715371

    Nearby Similar for Lease

    • New
      $2,000 /Mo
      27,608 SF

      Renovated Office Building in Yorktown

      Freestanding, renovated office building with three rooms, kitchenette, and parking.
      2070 Saw Mill River Rd, Yorktown Heights, NY 10598
      View Details
    • $22 SF/Yr

      Yorktown Heights Medical/Office Suites

      Architecturally stunning medical/office suites with high traffic exposure.
      48 Route 6, Yorktown Heights, NY 10598
      View Details
    • $22 SF/Yr
      71,003 SF

      Yorktown Heights Medical/Office Suites

      Architecturally stunning medical/office suites with high traffic exposure.
      48 A, Yorktown Heights, NY 10598
      View Details
    • $22 SF/Yr
      71,003 SF

      Yorktown Heights Medical/Office Suites

      Architecturally stunning medical/office suites with high traffic exposure.
      48 Route 6, Yorktown Heights, NY 10598
      View Details
    • Contact for pricing
      2,908 SF

      Retail Space on Crompond Road

      Retail space available on a corner lot with high visibility.
      3216 Crompond Rd, Yorktown Heights, NY 10598
      View Details
    • Contact for pricing
      1,200 SF

      Downtown Yorktown Heights Office Space

      Office and medical space with parking and 24/7 access.
      200 Veterans Rd, Yorktown Heights, NY 10598
      View Details
    • Contact for pricing
      1,770 SF

      Yorktown Heights Office Building

      Two-building office park with on-site amenities and ample parking.
      2649 Strang Blvd, Yorktown Heights, NY 10598
      View Details
    • Contact for pricing
      1,900 SF

      Yorktown Heights Retail Space Available

      Prime Westchester County retail space for lease in Yorktown.
      330-355 Downing Dr, Yorktown Heights, NY 10598
      View Details
    • Contact for pricing
      23,296 SF

      Yorktown Heights Flex/Industrial/Office Space

      Flex, industrial, and office spaces in a campus setting.
      2651 Strang Blvd, Yorktown Heights, NY 10598
      View Details
    • Contact for pricing
      1,345 SF

      Retail Space in Yorktown Heights

      Retail space for lease in the heart of Yorktown.
      1920 Commerce St, Yorktown Heights, NY 10598
      View Details
    • Contact for pricing
      2,290 SF

      Yorktown Heights Retail Space Available

      Prime retail spaces for lease in Yorktown Plaza.
      342-358 Downing Dr, Yorktown Heights, NY 10598
      View Details
    • Contact for pricing
      8,427 SF

      Yorktown Heights Retail Space Available

      Prime retail spaces for lease in Yorktown Plaza.
      360-380 Downing Dr, Yorktown Heights, NY 10598
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Renovated medical office space available in downtown Yorktown Heights.
    Where is this medical office space located?
    The property is located at 1825 Commerce St Yorktown Heights, NY.
    What is the lease rate?
    The lease rate is $62,700.
    What are key features of this property?
    This property features: - Completely renovated/upgraded medical office building.; - Build-to-suit turnkey opportunity for qualified tenants.; - Ample parking: 28 dedicated spaces plus 22 shared spaces.
    (914) 798-4900
    Request Owner's contact information
    1825 Commerce St Yorktown Heights, NY 10598
    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.
    1825 Commerce St
    Yorktown Heights, NY 10598
    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
    1825 Commerce St Yorktown Heights, NY 10598
    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
    Garry Klein
    Real Estate License ID: 10301208172
    (914) 798-4900 (914) 588-1585 (914) 220-7000
    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!