Neighborhood Retail Center with
For Sale
Contact for pricing
200 East Main Street, Mount Kisco, NY 10549
Fully occupied retail center with a diversified tenant mix and convenient parking options along a primary business corridor.
Property Size15,035 SF
Price / SF$368.14
Days on Market63
Property Features for 200 East Main Street
General Information
Standard status
Active
Size
15,035 SF
Property subtype
Retail
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
Houlihan Lawrence
Listed By:
Mike Rackenberg · License #CT 10401251020
Source:
Crexi
Added: Jun 6
Changed: Jul 10
Last Checked: Aug 4 at 10:59AM
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 Houlihan Lawrence
Investment Insights
Based on property information with market context.
This for-sale retail center totals 15,035 square feet and is fully occupied by eight retail tenants. The property is positioned to support day-to-day neighborhood retail activity, with the current leasing structure including CAM reimbursements that help offset operating expenses. Tenant occupancy and diversified retail tenancy are built into the existing center configuration.
The center is located at 200 East Main Street in Mount Kisco, along one of the area’s primary commercial corridors. The property benefits from visibility to both vehicular traffic and pedestrians, along with convenient access to regional transportation infrastructure. Parking is supported by on-site options, a municipal parking lot directly behind the property, and additional street parking. The site is near the Mount Kisco Metro-North station and Northern Westchester Hospital, within a dense surrounding residential population.
For buyers seeking an income-oriented retail asset, this center offers an established, in-place operating model with eight tenants already in place and lease reimbursements for CAM. Its strong access and multi-source parking can be a practical fit for retailers that rely on local foot traffic and convenient customer arrival.
The center is located at 200 East Main Street in Mount Kisco, along one of the area’s primary commercial corridors. The property benefits from visibility to both vehicular traffic and pedestrians, along with convenient access to regional transportation infrastructure. Parking is supported by on-site options, a municipal parking lot directly behind the property, and additional street parking. The site is near the Mount Kisco Metro-North station and Northern Westchester Hospital, within a dense surrounding residential population.
For buyers seeking an income-oriented retail asset, this center offers an established, in-place operating model with eight tenants already in place and lease reimbursements for CAM. Its strong access and multi-source parking can be a practical fit for retailers that rely on local foot traffic and convenient customer arrival.
Key Highlights
- 15,035 SF neighborhood retail center fully occupied with eight retail tenants.
- Diversified tenant mix provides stable in‑place cash flow.
- Leases include CAM reimbursements, helping offset operating expenses.
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
$317,907
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
5.74%
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%
$6,358,140
$6.4M
Cap Rate 7%
$4,541,529
$4.5M
Cap Rate 9%
$3,532,300
$3.5M
Market Conditions
NOI Build-Up for 15,035 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
$523.2K $34.80/SF
− Vacancy
−$69.1K −$4.59/SF
EGI
$454.2K $30.21/SF
− OpEx
−$136.2K −$9.06/SF
NOI
$317.9K $21.14/SF
Area
Westchester County, NY
Vacancy
13.20%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
30.00%
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%
$6,358,140
Cap Rate 7%
$4,541,529
Cap Rate 9%
$3,532,300
Alternative Uses
Best Use
Retail
$4.54M
$3.97M – $5.30M
NOI $317,907 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,034
Businesses Nearby
67k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 67%
Shops & Services 25%
Dining 5%
Home Improvements & Furnishings 2%
T.J. Maxx
Apparel
39,368 visits/mo
0.3 miles
BP
Shops & Services
6,544 visits/mo
0.3 miles
Lacrosse Unlimited
Apparel
5,506 visits/mo
0.3 miles
Shell
Shops & Services
4,656 visits/mo
0.3 miles
Bareburger
Dining
3,647 visits/mo
0.1 miles
Demographics for 10549, NY
16,837
Population
6,339
Households
2.7
Avg Household Size
42
Median Age
60%
College-Educated
88%
High-School Grad
19.1 sq mi
ZIP Area
882
Density / Sq Mi
$122,327
Median Household Income
$67,836
Median Earnings
$1,686
Median Rent
$652,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Mount Kisco Commons — 195 N Bedford Rd, Mt Kisco, NY 10549
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail center with a diversified tenant mix and convenient parking options along a primary business corridor.
Where is this shopping center located?
The property is located at 200 East Main Street Mount Kisco, NY.
What is the asking price?
The asking price for this property is $5,535,000.
What are key features of this property?
This property features: 15,035 SF neighborhood retail center fully occupied with eight retail tenants.; Diversified tenant mix provides stable in‑place cash flow.; Leases include CAM reimbursements, helping offset operating expenses.
