Mixed-Use Flex and Office
23 Bedford Banksville Road Bedford, NY 10506
23 Bedford Banksville Road, Bedford, NY, 10506
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For Sale
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Interconnected office and workshop spaces totaling about 15,333 sq. ft., with 20 on-site parking spaces and storage plans.
Property Size15,333 SF
Price / SF$260.55
Days on Market70
Property Features for 23 Bedford Banksville Road
General Information
- Standard status
- Active
- Size
- 15,333 SF
- Property subtype
- Mixed Use
Listing agency
eRealty Advisors Inc
(888) 276-0630
Listed by
Giancarlo Pecora · License #10401288752
Source
Crexi
Added: May 14 Updated: Jul 21 at 5:02AM Checked: Jul 22 at 9:08AM
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 eRealty Advisors Inc
Investment Insights
Based on property information with market context.
This mixed-use commercial property includes multiple interconnected commercial areas with approximately 15,333 square feet of existing improvements. The space features turn-key office areas, an oversized conference room, and workshop-style spaces, along with additional ancillary commercial space.
The property offers 20 on-site parking spaces. It also has a tentatively approved 60,000-square-foot storage facility. The existing transaction notes a stabilized rent roll of about $30,000 per month.
Zoned GB and CB-B, the property supports a range of commercial, contractor, office, retail, and light industrial uses, subject to municipal review and buyer due diligence. Additional plans and supporting due diligence materials are available upon request. Conveniently located near Bedford Village, Armonk, Greenwich, I-684, and the Merritt Parkway.
The property offers 20 on-site parking spaces. It also has a tentatively approved 60,000-square-foot storage facility. The existing transaction notes a stabilized rent roll of about $30,000 per month.
Zoned GB and CB-B, the property supports a range of commercial, contractor, office, retail, and light industrial uses, subject to municipal review and buyer due diligence. Additional plans and supporting due diligence materials are available upon request. Conveniently located near Bedford Village, Armonk, Greenwich, I-684, and the Merritt Parkway.
Key Highlights
- Mixed‑use commercial property with approximately 15,333 sq. ft. of interconnected office and workshop/ancillary space
- Includes 8 total office spaces, including an oversized conference room plus workshop spaces
- 20 on‑site parking spaces
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $421.4k | $27.48 |
| − Vacancy | −$108.3k | −$7.06 |
| EGI | $313.1k | $20.42 |
| − OpEx | −$78.3k | −$5.10 |
| NOI | $234.8k | $15.31 |
15,333 SF · lease $27.48/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Warehouse
$3.36M
$2.94M – $3.92M
NOI $234,970 @ 7.0% cap · market cap 5.88%
Second Best
Office B
$3.35M
$2.93M – $3.91M
NOI $234,798 @ 7.0% cap · market cap 5.88%
Theoretical Best
Retail
$4.63M
$4.05M – $5.40M
NOI $324,208 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Secret Ingredients — 6 Bedford-Banksville Rd, Bedford, NY 10506
FAQs
What type of property is this?
Flex space - Interconnected office and workshop spaces totaling about 15,333 sq. ft., with 20 on-site parking spaces and storage plans.
Where is this flex space located?
The property is located at 23 Bedford Banksville Road Bedford, NY.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Mixed‑use commercial property with approximately 15,333 sq. ft. of interconnected office and workshop/ancillary space; Includes 8 total office spaces, including an oversized conference room plus workshop spaces; 20 on‑site parking spaces
