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    Industrial Flex Building For Sale Title is generated by Realmo AI

    77 Lafayette Ave, White Plains, NY 10603

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    16,000 SF industrial flex building available in North White Plains.

    Type:Industrial
    Property size:
    16,000 SF
    Price / SF:
    $218/SF
    Added:
    Nov 8, 2023
    Days on Market:
    971
    Last Refresh:
    May 12 at 9:30 pm

    Property Features for 77 Lafayette Ave

    General Information

    Standard status
    Active
    Size
    16,000 SF
    Property subtype
    Industrial

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    Rich Aponte
    Rich Aponte

    Listing office Houlihan Lawrence

    Listing date Nov 8, 2023

    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 Houlihan Lawrence

    HighLights

    • 16,000 SF Building
    • Industrial Flex Building
    • For Sale
    • Located in North White Plains

    Overview

    A 16,000 square foot industrial flex building is available for sale in North White Plains.

    Local Financial Insights For Flex RnD

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $422.4k $26.40
    − Vacancy −$50.7k −$3.17
    EGI $371.7k $23.23
    − OpEx −$130.1k −$8.13
    NOI $241.6k $15.10
    16,000 SF · lease $26.40/SF/yr · vacancy 12.00% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $3.45M
    $3.02M – $4.03M (±1% cap)
    NOI $241,613 @ 7.0% cap · market cap 6.90%
    Second Best
    Industrial
    $3.25M
    $2.84M – $3.79M (±1% cap)
    NOI $227,163 @ 7.0% cap · market cap 6.49%
    Theoretical Best
    Retail
    $4.83M
    $4.23M – $5.64M (±1% cap)
    NOI $338,312 @ 7.0% cap · market cap 9.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    RKF Training Gym & Fitness Center FASTSIGNS® of White Plains, ... (Bike/Boat/Book/etc) Store American Star Contractor ... Roofing Company Emilio Accordions (Bike/Boat/Book/etc) Store Byram Concrete & Supply ... Construction Company

    Suggested Use

    Computer & Electronic Repair Discount Store Tech Support Center Bar & Pub Home Appliance Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Bed & Breakfast Veterinary Clinic Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    White Plains
    County
    Westchester
    State
    New York
    Longitude
    -73.7727873
    Latitude
    41.0629062

    FAQs

    What type of property is this?
    Flex space - 16,000 SF industrial flex building available in North White Plains.
    Where is this flex space located?
    The property is located at 77 Lafayette Ave White Plains, NY.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: 16,000 SF Building; Industrial Flex Building; For Sale
    (914) 798-4900 Call to check price and availability
    More about this property
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