Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    466 Palmer Rd Yonkers, NY 10701

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $299,000

    Residential lot in Yonkers, suitable for single-family house.

    Lot size:
    0.30 Acres

    Property Features for 466 Palmer Rd

    General Information

    Standard status
    Active
    Lot size
    0.30 Acres

    We can help!

    Listing Contact
    Ismail S. Kolya
    Source: Corcoran

    Listing Agent: Ismail S. Kolya

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Lot in Bryn Mawr

    A residential, irregular-shaped lot is available for sale on Palmer Road in the Bryn Mawr section of Yonkers. The lot totals 12,900 square feet, which is equivalent to 0.30 acres. It is located one block from Miles Square Road and in close proximity to Central Park Avenue, I-87 Deegan Expressway, and Sprain Brook Parkway. The property is suitable for the construction of a single-family house. The soil type is unknown.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.8588987
    Latitude
    40.9440938

    Nearby Similar for Sale

    • $1,800,000
      0.05 Acres

      Yonkers Four-Family Investment Property

      Legal four-family property near shops, transportation, schools, and parks.
      80 Elliott Ave, Yonkers, NY 10705
      View Details
    • $739,900
      Pending

      Yonkers Duplex in Westchester Hills

      Duplex in Westchester Hills neighborhood, ideal for investors or owner-occupiers.
      48 Elissa Ln, Yonkers, NY 10710
      View Details
    • New
      $1,295,000
      0.14 Acres

      Bronxville Multi-Level Flexible Use Building

      Multi-level building suitable for professional, medical, or residential use.
      915 Palmer Rd, Bronxville, NY 10708
      View Details
    • $1,399,000
      Pending

      Yonkers Colonial Multi-Family Home

      Luxury 2-family home in Bryn Mawr neighborhood, Yonkers.
      20 Ashford Pl, Yonkers, NY 10701
      View Details
    • $735,000
      Pending

      Updated Two-Family Home in Yonkers

      Modern two-family home near shopping, dining, and transportation.
      261 Edwards Pl, Yonkers, NY 10703
      View Details
    • $4,250,000
      0.11 Acres

      Yonkers Commercial Property with Expansion Potential

      Two-story industrial building in Yonkers with development opportunities.
      15 School St, Yonkers, NY 10701
      View Details
    • $2,350,000
      0.05 Acres

      Renovated 7-Unit Yonkers Multifamily Property

      Fully renovated 7-unit building in prime Yonkers location.
      288 Woodworth Ave, Yonkers, NY 10701
      View Details
    • $919,000
      Pending

      Renovated Two-Family Home in Yonkers

      Meticulously renovated two-family home in McLean Heights, Yonkers.
      11 Woodbine St, Yonkers, NY 10704
      View Details
    • $850,000
      Pending

      Well-Maintained Duplex in Convenient Location

      Two-family duplex, ideal for homeowners and investors, near transportation.
      372 Sommerville Pl, Yonkers, NY 10703
      View Details
    • $1,200,000
      4,390 SF

      Yonkers Mixed-Use Investment Opportunity

      One-story, multi-occupant commercial structure in the heart of Yonkers.
      204 Ashburton Ave, Yonkers, NY 10701
      View Details
    • $749,000
      Pending

      Two-Family Home with Storefront

      Two-family home with attached store near Saw Mill River Pkwy.
      284 Tompkins Ave, Yonkers, NY 10710
      View Details
    • $995,000
      Pending

      Renovated Victorian Triplex in Yonkers

      Updated Victorian home with income potential in Yonkers, NY.
      22 Landscape Ave, Yonkers, NY 10705
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in Yonkers, suitable for single-family house.
    Where is this residential land & home lot located?
    The property is located at 466 Palmer Rd Yonkers, NY.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Large residential lot (12,900 sq ft / 0.30 acres) suitable for a single-family house.; - Located in the Bryn Mawr section of Yonkers.; - Close proximity to Central Park Avenue.
    (888) 276-0630
    Request Owner's contact information
    466 Palmer Rd Yonkers, NY 10701
    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.
    466 Palmer Rd
    Yonkers, NY 10701
    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
    466 Palmer Rd Yonkers, NY 10701
    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

    We can help!
    Listing Contact
    Ismail S. Kolya
    (888) 276-0630
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.