Four-Suite Medical Office
For Sale
$2,999,000
48 Route 6, Yorktown Heights, NY 10589
Individual suites feature reception areas, exam rooms, private bathrooms, and multiple entrances.
Property Size11,094 SF
Price / SF$270.33
Days on Market257
Property Features for 48 Route 6
General Information
Standard status
Active
Size
11,094 SF
Total Parking Spaces
68
Property subtype
Commercial
Zoning
NS
Additional Details
Office Units
4
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$58,897
Amenities
24 hour security systems
common vestibule
Building Details
Building Size
11,094 SF
Year Built
1989
Units
5
Construction
brick
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(914) 277-5000
Listed By:
Gary Margolis · License #31MA0149997
(845) 729-4848
Source:
Gillianstewart
Added: Feb 9
Changed: Oct 24
Last Checked: Oct 23 at 3:50PM
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
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Investment Insights
Based on property information with market context.
This 11,094-square-foot brick medical office building, constructed in 1989, is configured as four large suites. Each suite has its own bathroom and reception area, along with multiple exam rooms equipped with sinks and more than one entrance. Floor-to-ceiling windows bring natural light into the interiors. A shared vestibule serves the tenants, and the property has a 24-hour security system and on-site parking.
The property is zoned NS, which allows medical and professional offices, retail, personal services, banks, restaurants excluding fast-food and drive-in or curbside service, and child or adult day care, among other listed uses. Traffic exposure is reported at more than 20,000 cars per day. Somers Common Shopping Center is one mile away; Jefferson Valley Mall and the Taconic State Parkway are each four miles away.
The property is zoned NS, which allows medical and professional offices, retail, personal services, banks, restaurants excluding fast-food and drive-in or curbside service, and child or adult day care, among other listed uses. Traffic exposure is reported at more than 20,000 cars per day. Somers Common Shopping Center is one mile away; Jefferson Valley Mall and the Taconic State Parkway are each four miles away.
Key Highlights
- Four office suites within an 11,094 SF brick building
- Each suite includes a bathroom, reception area, multiple exam rooms with sinks, and multiple entrances
- Floor‑to‑ceiling windows; 24‑hour security system and shared tenant vestibule
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$180,721
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,614,420
$3.6M
Cap Rate 7%
$2,581,729
$2.6M
Cap Rate 9%
$2,008,011
$2.0M
Market Conditions
NOI Build-Up for 11,094 SF
Gross rent
$332.8K $30.00/SF
− Vacancy
−$31.6K −$2.85/SF
EGI
$301.2K $27.15/SF
− OpEx
−$120.5K −$10.86/SF
NOI
$180.7K $16.29/SF
Area
Westchester County, NY
Vacancy
9.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,614,420
Cap Rate 7%
$2,581,729
Cap Rate 9%
$2,008,011
Alternative Uses
Best Use
Healthcare Medical
$2.58M
$2.26M – $3.01M
NOI $180,721 @ 7.0% cap · market cap 6.03%
Second Best
Office B
$2.43M
$2.12M – $2.83M
NOI $169,885 @ 7.0% cap · market cap 5.66%
Theoretical Best
Retail
$3.35M
$2.93M – $3.91M
NOI $234,577 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10589, NY
8,510
Population
4,020
Households
2.1
Avg Household Size
60
Median Age
66%
College-Educated
98%
High-School Grad
6.9 sq mi
ZIP Area
1,233
Density / Sq Mi
$123,293
Median Household Income
$88,162
Median Earnings
$3,501
Median Rent
$521,200
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Individual suites feature reception areas, exam rooms, private bathrooms, and multiple entrances.
Where is this medical office space located?
The property is located at 48 Route 6 Yorktown Heights, NY.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Four office suites within an 11,094 SF brick building; Each suite includes a bathroom, reception area, multiple exam rooms with sinks, and multiple entrances; Floor‑to‑ceiling windows; 24‑hour security system and shared tenant vestibule
