Office Building with High-Visibility Road
For Sale
Contact for pricing
611 W Hartsdale Ave, White Plains, NY 10530
Office building built in 2008 and renovated in 2017 with high visibility at a major Westchester intersection.
Property Size23,395 SF
Price / SF$230.82
Days on Market174
Property Features for 611 W Hartsdale Ave
General Information
Standard status
Active
Size
23,395 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Building Details
Year Built
2008
Year Renovated
2017
Listing Agency:
CBRE | Stamford
(203) 329-7900
Listed By:
Jacqueline Novotny
(203) 352-8919
Source:
Moodyscre
Added: Mar 26
Changed: Sep 12
Last Checked: Sep 15 at 7:36AM
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 CBRE | Stamford
Investment Insights
Based on property information with market context.
Office building built in 2008 and renovated in 2017, offering an owner-user or investment opportunity in central Westchester County. The property sits at 611 W Hartsdale Ave in White Plains.
The site is located at the intersection of NY RT 100A and NY RT 100B, providing highly visible frontage and convenient access to major roadways throughout Westchester and the New York metro region. It is less than a mile to the Sprain Brook Parkway and Interstate-287, with connections to I-87, I-684, I-95, and the Hutchinson River Parkway. The property is about a mile to NY State Route 100 and approximately 2.0 miles to the Hartsdale Metro-North Train Station with service to Midtown Manhattan’s Grand Central Terminal.
With connectivity to multiple interstate routes and commuter rail access, the building supports flexible tenant planning for an office use in a well-positioned area of Westchester County.
The site is located at the intersection of NY RT 100A and NY RT 100B, providing highly visible frontage and convenient access to major roadways throughout Westchester and the New York metro region. It is less than a mile to the Sprain Brook Parkway and Interstate-287, with connections to I-87, I-684, I-95, and the Hutchinson River Parkway. The property is about a mile to NY State Route 100 and approximately 2.0 miles to the Hartsdale Metro-North Train Station with service to Midtown Manhattan’s Grand Central Terminal.
With connectivity to multiple interstate routes and commuter rail access, the building supports flexible tenant planning for an office use in a well-positioned area of Westchester County.
Key Highlights
- Built in 2008 and renovated in 2017
- 23,395 SF office building
- Highly visible location at the intersection of NY RT 100A and NY RT 100B
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
$358,253
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
6.63%
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%
$7,165,060
$7.2M
Cap Rate 7%
$5,117,900
$5.1M
Cap Rate 9%
$3,980,589
$4.0M
Market Conditions
NOI Build-Up for 23,395 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
$642.9K $27.48/SF
− Vacancy
−$165.2K −$7.06/SF
EGI
$477.7K $20.42/SF
− OpEx
−$119.4K −$5.10/SF
NOI
$358.3K $15.31/SF
Area
Westchester County, NY
Vacancy
25.70%
Lease Rate
$27.48 /SF/Yr
Expense Ratio
25.00%
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%
$7,165,060
Cap Rate 7%
$5,117,900
Cap Rate 9%
$3,980,589
Alternative Uses
Best Use
Office B
$5.12M
$4.48M – $5.97M
NOI $358,253 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$7.07M
$6.18M – $8.24M
NOI $494,675 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
Explore this area
Business Placement
Demographics for 10530, NY
13,037
Population
6,795
Households
1.9
Avg Household Size
50
Median Age
65%
College-Educated
94%
High-School Grad
3.9 sq mi
ZIP Area
3,343
Density / Sq Mi
$118,114
Median Household Income
$75,575
Median Earnings
$2,334
Median Rent
$445,600
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 Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Office building built in 2008 and renovated in 2017 with high visibility at a major Westchester intersection.
Where is this office building located?
The property is located at 611 W Hartsdale Ave White Plains, NY.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: Built in 2008 and renovated in 2017; 23,395 SF office building; Highly visible location at the intersection of NY RT 100A and NY RT 100B
