Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    91 Lk Ave Tuckahoe, NY 10707

    • Commercial real estate
    • 8,722 SF
    • 0.10 lot acres
    OFF-MARKET
    Last Sale
    Oct 03, 2024
    $1,255,000
    Value Estimations
    $1,255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1369719
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 91 Lk Ave

    Lot size
    0.10 lot acres
    Property size
    8,722 SF
    Property type
    Commercial real estate
    APN
    552403 32./4/10
    APU
    55240332410

    Description

    This exceptional two-story commercial building, located at 91 Lake Avenue in Tuckahoe, NY 10707, offers 8,742 square feet of versatile space, divisible to 4,371 square feet. The property boasts a prime downtown location, steps from Metro North, providing easy access to major roadways including the Bronx River, Hutchinson River, and Cross County Parkways. The building features 14 parking spaces and is fully sprinklered. The first floor offers beautifully built-out space, including private offices, two bathrooms, and a kitchenette, suitable for various uses such as medical, daycare, or adult care facilities. The second floor provides a large open loft area ideal for uses like a gym, martial arts studio, or art school. The building features high ceilings (10-14 feet), exposed brick walls, and ample 3-phase electrical power (800 amps). The property sits on two lots totaling 8,346 square feet, with a separate parking lot of approximately 4,000 square feet. The building is zoned for business use and presents a unique opportunity for a variety of commercial ventures. The entire 8,742 square feet is currently vacant. The property's Class C designation reflects its potential for renovation and customization to meet specific tenant needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Estimation
      $1,255,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,130,000
      6.5%
      $1,265,000
      7%
      $1,260,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,350,000
      Geo Method
      $1,260,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,040,000
      Retail
      $1,350,000
      Mixed-Use
      $1,140,000
      Hospitality
      $1,070,000
      Educational
      $1,415,000
      Residential Income
      $1,130,000
      Energy
      $1,090,000
      Income-Based Land
      $1,070,000
      Food Service
      $1,400,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tuckahoe
    County
    Westchester
    State
    New York
    Longitude
    -73.8296
    Latitude
    40.9508
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $0.00
    $13,500
    $350
    $13,850
    -
    $1,184,211
    $30,702
    $1,214,913

    Comparable in this City

    • Value Estimation by Request
      1.90 Acres

      10 Scarsdale Rd

      COMMERCIAL (GENERAL) • 1.90 Acres
      10 Scarsdale Rd, Tuckahoe, NY 10707-3205
      View Details
    • Value Estimation by Request
      0.08 Acres

      109 Lk Ave

      STORE/OFFICE (MIXED USE) • 0.08 Acres
      109 Lk Ave, Tuckahoe, NY 10707-3915
      View Details
    • Value Estimation by Request
      0.06 Acres

      14 Lincoln Cir

      VACANT COMMERCIAL LAND • 0.06 Acres
      14 Lincoln Cir, Yonkers, NY 10707
      View Details
    • Value Estimation by Request
      0.07 Acres

      Main St

      VACANT COMMERCIAL LAND • 0.07 Acres
      Main St, Tuckahoe, NY 10707
      View Details
    • Value Estimation by Request
      0.06 Acres

      Main St

      VACANT COMMERCIAL LAND • 0.06 Acres
      Main St, Tuckahoe, NY 10707
      View Details
    • Value Estimation by Request
      0.12 Acres

      69 Main St

      CHARITABLE ORGANIZATION • 0.12 Acres
      69 Main St, Tuckahoe, NY 10707-2914
      View Details

    Similar Nearby for Sale

    • $5,250,000

      Commercial Land for Sale

      Commercial land available for sale.
      1 Generoso Pope Pl, Tuckahoe, NY 10707
      View Details
    • $875,000
      Pending

      Tuckahoe Colonial Two-Family Home

      Charming two-family colonial near Metro North and Eastchester Schools.
      45 Chestnut St, Tuckahoe, NY 10707
      View Details
    • $999,999

      Specialty Property For Sale

      Specialty property available for purchase.
      55 N High St, Tuckahoe, NY 10707
      View Details
    • $175,000

      Spacious Co-op in Tuckahoe Heart

      One-bedroom co-op with natural light, close to amenities.
      21 Fairview Ave, Eastchester, NY 10707
      View Details
    • $240,000

      Tuckahoe 1-Bedroom Co-op

      Sun-drenched 1-bedroom co-op in the heart of Tuckahoe.
      14 Westview Ave, Tuckahoe, NY 10707
      View Details
    • $315,000

      Convenient Tuckahoe Home Near Station

      Vacant apartment near Tuckahoe MTA, ready for move-in.
      108 Sagamore Rd, Tuckahoe, NY 10707
      View Details

    Similar Nearby for Lease

    • $3,850 /Mo
      1,050 SF

      Two-Bedroom Unit with Amenities

      1,050 SF two-bedroom unit with modern amenities and parking.
      50 Columbus Ave, Tuckahoe, NY 10707
      View Details
    • $1,800 /Mo

      Renovated Studio Near Train Station

      Updated studio apartment in pre-war building, near Crestwood Station.
      240 Alpine Pl, Tuckahoe, NY 10707
      View Details
    • $3,500 /Mo

      Retail Space Near Transportation

      Retail property near Tuckahoe Metro-North station in Eastchester, NY.
      93 Lake Ave, Eastchester, NY 10707
      View Details
    • $4,200 /Mo
      2,500 SF

      Tuckahoe Warehouse with High Ceilings

      Newer warehouse space with high ceilings and convenient location.
      38-40 Midland Pl, Tuckahoe, NY 10707
      View Details
    • $40 SF/Yr

      Prime Retail Space in Tuckahoe

      Premier retail space near Crestwood Metro-North station in downtown Tuckahoe.
      300 Columbus Ave, Tuckahoe, NY 10707
      View Details
    • $2,700 /Mo

      Renovated Apartment Near Metro North

      Renovated apartment in Tuckahoe, close to Metro North.
      65 Circuit Ave, Tuckahoe, NY 10707
      View Details
    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.
    91 Lk Ave
    Tuckahoe, NY 10707
    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.