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    Light Flex Warehouse and Office Suite Title is generated by Realmo AI

    44 Executive Boulevard, Elmsford, NY 10523

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    For Lease
    $5,357/Mo $14 SF/Yr (calc)

    COMMERCIAL - Elmsford, NY

    Type:Office
    Property size:
    4,300 SF
    Lot size:
    0.81 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 44 Executive Boulevard

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    ib
    Parking
    12
    Security features
    Security System
    Appliances
    Electric Water Heater
    Standard status
    Active
    APN
    2689-007-120-00019-000-0011
    Lot size
    0.81 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1972
    Floors in Building
    1
    Building materials
    Block, Brick

    We can help!

    Listing Contact
    Nicholas Gagliardi

    Listing agent Nicholas Gagliardi

    Listing office Gagliardi Realty, Inc. 44 Executive Blvd., Hawthorne, NY

    Listing date Jun 3, 2026

    MLS# 1007788

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 4,300 SF light flex suite (light warehouse, pallet jacks only, and office) for lease in Cross Westchester Executive Park
    • Suite 105 on the 1st floor with mostly open space, high ceilings, and a wide hallway to the loading dock
    • Includes 2 private offices and ADA‑accessible bathrooms; building elevator provides access
    • Air compressor lines throughout and lots of power for equipment/industrial‑style use
    • Central air and forced‑air natural gas heating; electric water heater
    • Backup generator available for tenant hookup (tenant pays to connect); tenant pays utilities and cleaning; no CAM

    Overview

    This light flex suite offers a combination of mostly open light warehouse space and office use. Located on the first floor, the layout includes a wide hallway leading to a loading dock, along with two private offices. The space is described as having high ceilings and extensive air compressor lines throughout, with lots of power to support light industrial activity. The building also provides an elevator and ADA-accessible bathrooms. A backup generator is available for tenant connection at tenant expense, and this suite is stated to be mostly hooked up.

    The property is located at 44 Executive Boulevard in Elmsford, within Cross Westchester Executive Park. Tenant responsibilities are utilities and cleaning, with no CAM charges noted in the offering. Cooling and heating are listed as available.

    This configuration can suit tenants seeking light warehouse operations limited to pallet jacks, along with dedicated office space within the same suite. The loading-dock access and in-suite power/air utilities support practical day-to-day workflow, while the on-site building amenities, including elevator service and ADA bathrooms, help accommodate employee and visitor needs. Note the listing indicates restrictions on certain uses, specifically no gyms, dance studios, or high-density gatherings.
    Property Profile Location Intelligence

    Current Use by Public Records

    ARC Document Solutions Marketing & Advertising Riot Color Creative ... Printing Service Raw Rev | Energy ... Specialty Food Shop Community Capital New ... Bank Record Nations Storage Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Elmsford
    County
    Westchester
    State
    New York
    Longitude
    -73.8129157
    Latitude
    41.0693507

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    FAQs

    What type of property is this?
    Flex space - First-floor light warehouse with office space, loading-dock access, and ADA amenities in a flex/industrial park.
    Where is this flex space located?
    The property is located at 44 Executive Boulevard Elmsford, NY.
    What is the lease rate?
    The lease rate is $5,357 /Mo.
    What are key features of this property?
    This property features: 4,300 SF light flex suite (light warehouse, pallet jacks only, and office) for lease in Cross Westchester Executive Park; Suite 105 on the 1st floor with mostly open space, high ceilings, and a wide hallway to the loading dock; Includes 2 private offices and ADA‑accessible bathrooms; building elevator provides access
    (914) 747-0890
    We can help!
    Listing Contact
    Nicholas Gagliardi
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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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