Veterinary Medical
For Sale
Contact for pricing
193 Tarrytown Rd, White Plains, NY 10607
Veterinary hospital offering specialized animal dermatology and allergy services, with surgery and treatment rooms plus included equipment.
Property Size2,800 SF
Price / SF$535.71
Days on Market550
Property Features for 193 Tarrytown Rd
General Information
Standard status
Active
Size
2,800 SF
Property subtype
OFFICE
Listing Agency:
Princeton Realty Group
(914) 747-5000
Listed By:
Frank Fiorella · License #109900834
(914) 329-5474
Source:
Moodyscre
Added: Mar 12, 2025
Changed: Sep 7
Last Checked: Sep 12 at 11:45AM
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 Princeton Realty Group
Investment Insights
Based on property information with market context.
This equipped veterinary hospital is available for purchase or longer-term lease, with the option of daily rental. The facility is currently used for animal dermatology and allergy specialties and includes 1 surgery room, a large treatment room, 1 office, and 2 exam rooms.
The sale includes significant medical and support equipment such as anesthesia machines, a Philips ultrasound machine, electronic monitors, an electronic scale, microscope, stainless steel cages, IV pumps, a digital x-ray machine, exam tables, and multiple refrigerators, along with a battery system backup. Additional items listed include a 6' freezer and small freezer, dog beds, locks, a sterilizer machine, and more.
The property is configured for an exam-and-procedure workflow, with multiple exam spaces and dedicated procedure areas designed to support day-to-day veterinary care.
The sale includes significant medical and support equipment such as anesthesia machines, a Philips ultrasound machine, electronic monitors, an electronic scale, microscope, stainless steel cages, IV pumps, a digital x-ray machine, exam tables, and multiple refrigerators, along with a battery system backup. Additional items listed include a 6' freezer and small freezer, dog beds, locks, a sterilizer machine, and more.
The property is configured for an exam-and-procedure workflow, with multiple exam spaces and dedicated procedure areas designed to support day-to-day veterinary care.
Key Highlights
- Veterinary hospital available for purchase, longer term lease, or daily rental
- Currently operated for animal dermatology and allergy specialty services
- Building includes 1 surgery room, large treatment room, 1 office, and 2 exam rooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,612
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$912,240
$912.2K
Cap Rate 7%
$651,600
$651.6K
Cap Rate 9%
$506,800
$506.8K
Market Conditions
NOI Build-Up for 2,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$84.0K $30.00/SF
− Vacancy
−$8.0K −$2.85/SF
EGI
$76.0K $27.15/SF
− OpEx
−$30.4K −$10.86/SF
NOI
$45.6K $16.29/SF
Area
Westchester County, NY
Vacancy
9.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$912,240
Cap Rate 7%
$651,600
Cap Rate 9%
$506,800
Alternative Uses
Best Use
Healthcare Medical
$651.6K
$570.2K – $760.2K
NOI $45,612 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$845.8K
$740.1K – $986.8K
NOI $59,205 @ 7.0% cap · market cap 3.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
901
Businesses Nearby
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Business Placement
Demographics for 10607, NY
7,441
Population
2,291
Households
3.2
Avg Household Size
44
Median Age
53%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
3,543
Density / Sq Mi
$161,250
Median Household Income
$85,169
Median Earnings
$2,303
Median Rent
$624,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Medical center - Veterinary hospital offering specialized animal dermatology and allergy services, with surgery and treatment rooms plus included equipment.
Where is this medical center located?
The property is located at 193 Tarrytown Rd White Plains, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Veterinary hospital available for purchase, longer term lease, or daily rental; Currently operated for animal dermatology and allergy specialty services; Building includes 1 surgery room, large treatment room, 1 office, and 2 exam rooms
