Flex Space with Loading
For Sale
Contact for pricing
50 Virginia Road, White Plains, NY 10603
Versatile commercial building with parking, central air conditioning, and a separately accessed partial tenant area.
Property Size11,500 SF
Days on Market32
Property Features for 50 Virginia Road
General Information
Standard status
Active
Size
11,500 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$38,793
Building Details
Building Size
11,500 SF
Listing Agency:
Coldwell Banker Signature Prop
Listed By:
Fred Palma
(914) 804-8720
Source:
Totallywestchester
Added: Aug 19
Changed: Sep 14
Last Checked: Sep 18 at 10:52AM
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 Signature Prop
Investment Insights
Based on property information with market context.
This flex space property includes a loading dock, central air conditioning, and a partial tenant area with its own private entrance. The building supports both owner-user and investment-oriented occupancy configurations without relying on a single access point.
The property provides 32+ parking spaces and is positioned for convenient access to major highways and parkways. Its White Plains location supports customer, employee, tenant, and delivery access, while the combination of parking, loading capability, and separate entrance functionality adds practical flexibility for commercial operations.
The property provides 32+ parking spaces and is positioned for convenient access to major highways and parkways. Its White Plains location supports customer, employee, tenant, and delivery access, while the combination of parking, loading capability, and separate entrance functionality adds practical flexibility for commercial operations.
Key Highlights
- Flex space building with loading dock
- 32+ parking spaces
- Central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$243,162
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,863,240
$4.9M
Cap Rate 7%
$3,473,743
$3.5M
Cap Rate 9%
$2,701,800
$2.7M
Market Conditions
NOI Build-Up for 11,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$400.2K $34.80/SF
− Vacancy
−$52.8K −$4.59/SF
EGI
$347.4K $30.21/SF
− OpEx
−$104.2K −$9.06/SF
NOI
$243.2K $21.14/SF
Area
Westchester County, NY
Vacancy
13.20%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,863,240
Cap Rate 7%
$3,473,743
Cap Rate 9%
$2,701,800
Alternative Uses
Best Use
Retail
$3.47M
$3.04M – $4.05M
NOI $243,162 @ 7.0% cap · market cap 7.37%
Second Best
Flex RnD
$2.48M
$2.17M – $2.89M
NOI $173,659 @ 7.0% cap · market cap 5.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10603, NY
18,033
Population
7,624
Households
2.4
Avg Household Size
41
Median Age
47%
College-Educated
88%
High-School Grad
3.4 sq mi
ZIP Area
5,304
Density / Sq Mi
$121,450
Median Household Income
$56,466
Median Earnings
$1,905
Median Rent
$499,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with parking, central air conditioning, and a separately accessed partial tenant area.
Where is this flex space located?
The property is located at 50 Virginia Road White Plains, NY.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Flex space building with loading dock; 32+ parking spaces; Central air conditioning
