Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Professional Office Space For Sale Title is generated by Realmo AI

    246 Central Avenue, White Plains, NY 10606

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,000,000

    Highly visible office space near Westchester County Center and train station.

    Added:
    Jun 6, 2025
    Days on Market:
    346
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 246 Central Avenue

    General Information

    Standard status
    Active

    Building Details

    Year Built
    1924

    We can help!

    Listing Contact
    LUIS F. FERNANDEZ

    Listing agent LUIS F. FERNANDEZ

    Listing office EXP REALTY

    Listing date Jun 6, 2025

    Source Corcoran

    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 EXP REALTY

    HighLights

    • Prime Location: Highly visible on Central Avenue in White Plains, with high traffic exposure.
    • Ample Dedicated Parking: Includes a parking lot with 12 spaces.
    • Excellent Accessibility: Easy access to I‑287 and major thoroughfares.
    • Convenient Transportation: Located just one block from the White Plains train station.
    • Professional Setting: Ideal for a law office, showroom, or professional practice.
    • Proximity to Westchester County Center: Located just one block away.

    Overview

    This professional office space is located in a visible and accessible location on Central Avenue in White Plains. The property is suitable for a law office, showroom, or professional practice. A parking lot with 12 spaces is included. The location is one block from the Westchester County Center and the White Plains train station, with easy access to I-287 and major thoroughfares. Over 27,000 cars pass by daily, offering high traffic exposure. Dedicated parking is included. The property is suitable for attorneys, accountants, consultants, or boutique showrooms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Maggie Seaman, LMSW, ... Psychotherapist Allstate Insurance: Carmen ... Insurance Agency Anguilla Tourist Board Travel Agency American Multi Services Check Cashing Dolores Batista: Allstate ... Insurance Agency

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    White Plains
    County
    Westchester
    State
    New York
    Longitude
    -73.7818
    Latitude
    41.0358

    Nearby Similar for Sale

    • $349,000
      1,211 SF

      Renovated Business Coop in White Plains

      Updated commercial space ideal for various professional uses.
      10 Nosband Ave 1L, White Plains, NY 10605
      View Details
    • $999,000

      Well-Maintained Multi-Family in White Plains

      Three-family property in desirable Battle Hill neighborhood, White Plains.
      66 Harding Avenue, White Plains, NY 10606
      View Details
    • $349,000
      1,211 SF

      Renovated Condo in Downtown White

      Updated commercial space ideal for various professional services.
      10 Nosband Avenue #1L, White Plains, NY 10605
      View Details
    • $799,000
      1,327 SF

      Office Building Near Mamaroneck Avenue

      Office building near Mamaroneck Ave, suitable for small businesses.
      5 Rutherford Avenue, White Plains, NY 10605
      View Details
    • $999,000

      Battle Hill Triplex Opportunity

      Well-maintained three-family property in White Plains with strong income.
      66 Harding Ave, White Plains, NY 10606
      View Details
    • $5,100,000

      Motel Property with Apartment

      Motel with 27 rooms, plus a three-bedroom apartment.
      19 Waldo Avenue, White Plains, NY 10606
      View Details
    • $999,000
      1,489 SF

      Luxurious Condo in Ritz-Carlton Residences

      Upscale condo with amenities, city views, and convenient location.
      5 Renaissance Square 20A, White Plains, NY 10601
      View Details
    • $875,000

      Three-Family House Investment Property

      Three-family house, recently renovated, close to transportation and shops.
      17 Dobbs Ferry Rd, White Plains, NY 10607
      View Details
    • $995,000
      1,918 SF

      Luxurious Condo at City Center

      Upscale condo with luxury amenities and open floor plan.
      25 City Place 6C, White Plains, NY 10601
      View Details
    • $11,500,000
      18,138 SF

      16 Unit 18,138 Sqft. Corner Office Building For Sale

      16-unit corner office building with private garage for sale.
      199-201 E Post Road, White Plains, NY 10601
      View Details
    • $1,599,000

      Mixed-Use Building in White Plains

      Five-unit mixed-use building with income potential in White Plains.
      49 Lake St, White Plains, NY 10604
      View Details
    • $295,000

      Restaurant Business for Sale

      Confidential restaurant business for sale with lease assumption.
      12 West Main, White Plains, NY 10523
      View Details

    FAQs

    What type of property is this?
    Office units - Highly visible office space near Westchester County Center and train station.
    Where is this office units located?
    The property is located at 246 Central Avenue White Plains, NY.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Prime Location: Highly visible on Central Avenue in White Plains, with high traffic exposure.; Ample Dedicated Parking: Includes a parking lot with 12 spaces.; Excellent Accessibility: Easy access to I‑287 and major thoroughfares.
    (914) 713-3270
    We can help!
    Listing Contact
    LUIS F. FERNANDEZ
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    246 Central Avenue, White Plains, NY 10606
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!