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    Retail Storefront in Downtown New Rochelle Title is generated by Realmo AI

    671 Main Street, New Rochelle, NY 10801

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    800 SF retail space in growing downtown New Rochelle.

    Type:Retail
    Property size:
    800 SF
    Added:
    May 22, 2026
    Days on Market:
    9
    Last Refresh:
    May 27 at 7:53 am

    Property Features for 671 Main Street

    General Information

    Standard status
    Active
    Size
    800 SF
    Property subtype
    Retail

    Spaces For Lease

    at 671 Main Street Contact us

    We can help!

    Listing Contact
    Anthony Marciano

    Listing agent Anthony Marciano License #10301223646

    Listing office Century 21 Marciano

    Listing date May 22, 2026

    Source Crexi

    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 Century 21 Marciano

    HighLights

    • High‑visibility location on heavily traveled Main Street in downtown New Rochelle.
    • Surrounded by over 6,000 newly developed apartments, providing a large and growing customer base.
    • Flexible ownership willing to provide renovation time for customization.
    • Open storefront layout with a small private office in the rear.
    • Less than one mile from the Metro‑North station, offering convenient commuter access.
    • Ideal for a variety of retail concepts, including pet grooming, salons, tech stores, and specialty food.

    Overview

    This approximately 800 SF retail storefront is located in downtown New Rochelle, offering visibility on Main Street. The surrounding area includes over 6,000 newly developed apartments, providing foot traffic and a growing residential customer base. The space features an open storefront layout with a small private office in the rear, suitable for storage, management, or administrative use. Ownership is flexible and willing to provide renovation time for qualified tenants to customize the space. The property is located less than one mile from the Metro-North station, providing commuter access and daily vehicle exposure. It is suited for businesses such as pet grooming, retail, nail salon or wellness studio, phone or tech store, barber shop/salon, service business, or specialty food concept.
    Location Intelligence

    Current Use by Public Records

    Joy Temple Inc Church

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • RHOSLYN FLORIST NEW ROCHELLE — 207 North Ave, New Rochelle, NY 10801
    • Daisy Florist & Flower Delivery — 53 Grand St, New Rochelle, NY 10801, United States
    • Vines and Petals — 55 Webster Ave, New Rochelle, NY 10801
    • Momo Shop — 28 centre ave, new rochelle, ny 10801
    • Araceli Flowers Shop — 131 Union Ave, New Rochelle, NY 10801

    Location Insight

    • Map
    • Local Demand
    City
    New Rochelle
    County
    Westchester
    State
    New York
    Longitude
    -73.787628
    Latitude
    40.90494

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    FAQs

    What type of property is this?
    Storefront property - 800 SF retail space in growing downtown New Rochelle.
    Where is this storefront property located?
    The property is located at 671 Main Street New Rochelle, NY.
    What are key features of this property?
    This property features: High‑visibility location on heavily traveled Main Street in downtown New Rochelle.; Surrounded by over 6,000 newly developed apartments, providing a large and growing customer base.; Flexible ownership willing to provide renovation time for customization.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Anthony Marciano
    Real Estate License ID: 10301223646
    Learn More
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    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.

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