Commercial Space in Vibrant
For Sale
$850,000
504 Fifth Ave, Pelham, NY 10803
Prime location with established tenant and development potential.
Property Size1,915 SF
Lot Size0.05 Acres
Days on Market163
Property Features for 504 Fifth Ave
General Information
Standard status
Active
Size
1,915 SF
Lot size
0.05 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$14,162
Building Details
Building Size
1,915 SF
Year Built
1980
Stories
1
Units
1
Listing Agency:
Capital Realty NY, LLC
(917) 842-5552
Listed By:
Maurice Owen-Michaane · License #10491205580
(917) 842-5552
Source:
Elliman
Added: Mar 12
Changed: Aug 10
Last Checked: Aug 20 at 11:52AM
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 Capital Realty NY, LLC
Investment Insights
Based on property information with market context.
This commercial space is located in the town of Pelham, offering an opportunity for businesses seeking a prime location. The space benefits from a well-established tenant, ensuring foot traffic and a customer base. The property's location in a suburban town provides access to a diverse community. The commercial space provides the flexibility to accommodate a variety of business types, such as a boutique, restaurant, or office space. The open layout allows for customization and adaptation to suit specific business needs. The property is near restaurants, including Sergios, cafes, boutique shops, and fitness centers. The community supports local businesses, providing a welcoming environment for entrepreneurs. There is the possibility of larger development, with the right to build a 2nd floor. There is potential for residential development with Pelham BDFZ law.
Key Highlights
- Prime location in a vibrant, sought‑after suburban town with high foot traffic.
- Established tenant provides immediate income and a built‑in customer base.
- Potential for larger development, including building a second floor (as of right).
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
$40,492
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
4.76%
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%
$809,840
$809.8K
Cap Rate 7%
$578,457
$578.5K
Cap Rate 9%
$449,911
$449.9K
Market Conditions
NOI Build-Up for 1,915 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
$66.6K $34.80/SF
− Vacancy
−$8.8K −$4.59/SF
EGI
$57.8K $30.21/SF
− OpEx
−$17.4K −$9.06/SF
NOI
$40.5K $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%
$809,840
Cap Rate 7%
$578,457
Cap Rate 9%
$449,911
Alternative Uses
Best Use
Retail
$578.5K
$506.2K – $674.9K
NOI $40,492 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
897
Businesses Nearby
42k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Dining 20%
Electronics 6%
Mobil
Shops & Services
12,732 visits/mo
0.4 miles
TD Bank
Shops & Services
8,802 visits/mo
0.3 miles
Dunkin' Donuts
Dining
8,319 visits/mo
0.4 miles
BP
Shops & Services
5,508 visits/mo
0.5 miles
Shell
Shops & Services
3,683 visits/mo
0.4 miles
Demographics for 10803, NY
13,255
Population
4,360
Households
3
Avg Household Size
40
Median Age
74%
College-Educated
97%
High-School Grad
2.2 sq mi
ZIP Area
6,025
Density / Sq Mi
$212,288
Median Household Income
$97,447
Median Earnings
$2,242
Median Rent
$961,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Crimson Rose Florist — 495 New Rochelle Rd, Bronxville, NY 10708
- 5th Avenue Flowers and Events — 1 Fifth Ave, Pelham, NY 10803
- Alessias floral Decorators — 324 Webster Ave, New Rochelle, NY 10801
- Araceli Flowers Shop — 131 Union Ave, New Rochelle, NY 10801
Frequently Asked Questions
What type of property is this?
Storefront property - Prime location with established tenant and development potential.
Where is this storefront property located?
The property is located at 504 Fifth Ave Pelham, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Prime location in a vibrant, sought‑after suburban town with high foot traffic.; Established tenant provides immediate income and a built‑in customer base.; Potential for larger development, including building a second floor (as of right).
