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    Retail or Office Space with Loading Dock Title is generated by Realmo AI

    343 Mamaroneck Ave, Mamaroneck, NY 10543

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    New
    For Lease
    $35 SF/Yr $8,677/Mo (calc)

    Turnkey-ready commercial space with dual street entrances and a fully operational loading dock for efficient customer and receiving access.

    Type:Commercial
    Property size:
    2,975 SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 5:36 am

    Property Features for 343 Mamaroneck Ave

    General Information

    Standard status
    Active
    Size
    2,975 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1940

    We can help!

    Listing Contact
    Jason Schmeltzer
    Jason Schmeltzer

    Listing agent Jason Schmeltzer

    Listing office COLDWELL BANKER REALTY

    Listing date Jun 3, 2026

    Source Elliman

    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 COLDWELL BANKER REALTY

    HighLights

    • 2,975 SF commercial space built in 1940 at 343 Mamaroneck Avenue on a Westchester County commercial corridor
    • Zoned for multiple commercial uses, suitable for retail, office, medical, food service, and other business types
    • Two dedicated street‑level entrances directly on Mamaroneck Avenue plus a separate rear entrance
    • Fully operational loading dock with double‑wide doors for efficient receiving, stocking, and logistics
    • Immediate access to I‑95 and walking distance to the Mamaroneck Metro‑North station

    Overview

    This turnkey-ready commercial space is designed to support multiple operating models, with flexible zoning for retail, office, medical, food service, and other commercial uses. The configuration includes two dedicated street-level entrances on the front, plus a separate rear entrance for back-of-house operations. A fully operational loading dock with double-wide doors supports receiving, stocking, and logistics, helping keep deliveries and store operations running smoothly.

    Located at 343 Mamaroneck Avenue along a heavily traveled commercial corridor, the property benefits from both vehicle and pedestrian activity. The site provides immediate access to I-95 and is within walking distance of the Mamaroneck Metro-North station, supporting foot traffic from local shoppers as well as commuters. Bike, walk, and transit accessibility are supported by the surrounding transportation options, contributing to convenient customer reach.

    The dual street entrances, prominent street presence, and loading capabilities make this space practical for tenants that need both strong customer access and reliable freight handling. With its ready-to-operate layout and dedicated front and rear access points, the property is well suited for businesses seeking a straightforward setup in a corridor-oriented location.
    Location Intelligence

    Current Use by Public Records

    Ralph's Electrical Appliance ... Home Appliance Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center 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
    Mamaroneck
    County
    Westchester
    State
    New York
    Longitude
    -73.7352292
    Latitude
    40.9517073

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    FAQs

    What type of property is this?
    Retail space - Turnkey-ready commercial space with dual street entrances and a fully operational loading dock for efficient customer and receiving access.
    Where is this retail space located?
    The property is located at 343 Mamaroneck Ave Mamaroneck, NY.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: 2,975 SF commercial space built in 1940 at 343 Mamaroneck Avenue on a Westchester County commercial corridor; Zoned for multiple commercial uses, suitable for retail, office, medical, food service, and other business types; Two dedicated street‑level entrances directly on Mamaroneck Avenue plus a separate rear entrance
    (845) 490-1302
    We can help!
    Listing Contact
    Jason Schmeltzer
    Jason Schmeltzer
    Learn More
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    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.

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