Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Space for Lease Title is generated by Realmo AI

    3 Westchester Plaza, Elmsford, NY 10523

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Commercial space available for lease in Elmsford, New York.

    Type:Industrial
    Added:
    Feb 6, 2024
    Days on Market:
    852
    Last Refresh:
    May 12 at 10:00 pm

    Property Features for 3 Westchester Plaza

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Spaces For Lease

    at 3 Westchester Plaza Contact us

    We can help!

    Listing Contact
    William Anson

    Listing agent William Anson License #31AN

    Listing office RM Friedland

    Listing date Feb 6, 2024

    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 RM Friedland

    HighLights

    • For Lease

    Overview

    This commercial space is available for lease at 3 Westchester Plaza, Elmsford, NY. The property is classified under specialty properties and other specialty properties, as well as general commercial real estate.
    Location Intelligence

    Current Use by Public Records

    Securitas Technology Security Service Base Line Physician Best Priced Products, ... Physician SwimLabs Westchester Swimming Pool Diebold Inc Security Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Elmsford
    County
    Westchester
    State
    New York
    Longitude
    -73.810845
    Latitude
    41.070009

    Nearby Similar for Lease

    • $5,357/Mo

      Light Flex Warehouse and Office Suite

      First-floor light warehouse with office space, loading-dock access, and ADA amenities in a flex/industrial park.
      44 Executive Boulevard, Elmsford, NY 10523
      View Details
    • $5,357/Mo
      4,300 SF

      Light Flex Office/Warehouse Suite

      First-floor light flex suite with office space and direct access to a loading dock for practical distribution needs.
      44 Executive Boulevard #105, Elmsford, NY 10523
      View Details
    • $3,750/Mo
      3,000 SF

      Turnkey Office Space Available

      3,000 SF office space with perimeter offices and amenities.
      5 N Nepperhan Avenue 1, Elmsford, NY 10523
      View Details
    • $2,650/Mo

      Sunlit 2-Bedroom Rental

      Charming, renovated 2-bedroom apartment with new appliances and outdoor space.
      35 S Lawn Ave 3, Elmsford, NY 10523
      View Details
    • $3,100/Mo
      900 SF

      Multi Family

      58 S Stone Ave, Elmsford, NY 10523
      View Details
    • Contact for pricing
      8,562 SF

      Elmsford Industrial Space for Lease

      8,562 SF industrial space available for lease in Elmsford.
      2 Warehouse Ln, Elmsford, NY 10523
      View Details
    • Contact for pricing
      6,638 SF

      Elmsford Industrial Space for Lease

      6,638 SF industrial space with six drive-in doors.
      1 Warehouse Ln, Elmsford, NY, 10523, Elmsford, NY 10523
      View Details
    • $15,000/Mo
      5,980 SF

      Industrial Flex Building For Lease

      5,980 sq ft industrial flex building available for lease.
      59 Nepperhan Ave, Elmsford, NY
      View Details
    • Contact for pricing
      146,347 SF

      Elmsford Warehouse Space Available

      70,626 SF industrial space for lease in Elmsford.
      4 Warehouse Ln, Elmsford, NY
      View Details
    • $3,750/Mo
      3,000 SF

      Turnkey Office Space Available

      Turnkey office space featuring perimeter offices, kitchenette, and storage.
      5 Nepperhan Ave Ste 1, Elmsford, NY, 10523-2500
      View Details
    • Contact for pricing
      30,000 SF

      Medical/Office Space for Social Service

      Divisible medical/office space in Elmsford, NY, near major highways.
      80 Grasslands Rd, Elmsford, NY
      View Details
    • Contact for pricing
      2,481 SF

      Elmsford Corner Office Sub-Lease

      Corner office suite for sublease in Elmsford, fully furnished.
      555 Taxter Rd, Elmsford, NY
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial space available for lease in Elmsford, New York.
    Where is this specialty property located?
    The property is located at 3 Westchester Plaza Elmsford, NY.
    What are key features of this property?
    This property features: For Lease
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    William Anson
    Real Estate License ID: 31AN
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3 Westchester Plaza, Elmsford, NY 10523
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!