Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    315 E 3rd St Mount Vernon, NY 10553

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    22,250 SF industrial warehouse space, close to I-95.

    Type:Industrial
    Property size:
    22,250 SF
    Added:
    Mar 7, 2023
    Days on Market:
    1138
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 315 E 3rd St

    General Information

    Standard status
    Active
    Size
    22,250 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 315 E 3rd St Contact us

    Available $14 /Mo

    Size
    22,250 SF
    Type
    Industrial
    Contact us

    We can help!

    Listing Contact
    Michael Rao

    Listing agent Michael Rao License #NY 49RA1156551

    Listing office New York Commercial Realty Group

    Listing date Mar 7, 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 New York Commercial Realty Group

    Overview

    Industrial Warehouse Space For Lease

    This property offers approximately 22,250 square feet of industrial warehouse space. A drive-up ramp provides access to the space. The property is located approximately one mile from I-95.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Similar Places Nearby

    • arrow box — 80 hartford ave, mt vernon, ny 10553
    • Marietta Storage Facility — 277 E 4th St #21, Mt Vernon, NY 10553
    • Pete's Junk and Towing — 529 S Fulton Ave, Mt Vernon, NY 10550
    • Undisputed Enterprises LLC — 407 E 4th St, Mt Vernon, NY 10553
    • Kras and Sons — 237 tecumseh ave, mt vernon, ny 10553

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Westchester
    State
    New York
    Longitude
    -73.8233622
    Latitude
    40.9099987

    Nearby Similar for Lease

    • Contact for pricing

      Charming Office in Historic Building

      Bright, spacious office in Mount Vernon, near major highways.
      519 S 5th Avenue, Mount Vernon, NY 10550
      View Details
    • Contact for pricing

      Mount Vernon Commercial Corner Property

      High-visibility commercial space in a busy Mount Vernon corridor.
      34 Mount Vernon Avenue, Mount Vernon, NY 10550
      View Details
    • Contact for pricing

      Prime Commercial Space Near Metro

      Ground-floor commercial space near transportation, ideal for various businesses.
      55 Mount Vernon Avenue, Mount Vernon, NY 10550
      View Details
    • Contact for pricing

      Downtown Mount Vernon Commercial Space

      Commercial space in downtown Mount Vernon with street level exposure.
      71 S 3rd Avenue, Mount Vernon, NY 10550
      View Details
    • Contact for pricing

      Mount Vernon Commercial Corner Space

      High-visibility commercial space in a busy Mount Vernon corridor.
      34 Mount Vernon Avenue, Mount Vernon, NY 10550
      View Details
    • Contact for pricing

      Charming Office in Historic Building

      Bright, spacious office in Mount Vernon with abundant natural light.
      519 S 5th Avenue #Offices, Mount Vernon, NY 10550
      View Details
    • Contact for pricing

      Ground-Floor Commercial Space Available

      Prime commercial space near Mt Vernon West Metro-North station.
      55 Mount Vernon Avenue, Mount Vernon, NY 10550
      View Details
    • Contact for pricing

      Mount Vernon Office Space Available

      1,684 SF office space for rent, immediate occupancy.
      68 E Sandford Boulevard, Mount Vernon, NY 10550
      View Details
    • Contact for pricing

      Mount Vernon Storefront Opportunity

      Prime commercial unit in Mount Vernon, versatile and highly visible.
      299 E Third St First floor, Mount Vernon, NY 10553
      View Details
    • Contact for pricing

      Mount Vernon Storefront Opportunity

      Spacious commercial unit in Mount Vernon, suitable for various businesses.
      299 E Third Street #First floor, Mount Vernon, NY 10553
      View Details
    • $36/mo

      Turnkey Commercial Space in Mount Vernon

      1,000 SF turnkey restaurant/bar space for lease.
      756-770 S 5th Avenue, Mount Vernon, NY 10550
      View Details
    • Contact for pricing

      Mount Vernon Office Space Available

      Well-maintained office space with utilities and parking included.
      31 Warren Place #2, Mount Vernon, NY 10550
      View Details

    FAQs

    What type of property is this?
    Warehouse - 22,250 SF industrial warehouse space, close to I-95.
    Where is this warehouse located?
    The property is located at 315 E 3rd St Mount Vernon, NY.
    What are key features of this property?
    This property features: 22,250 SF Industrial Warehouse available for lease.; Benefit from drive‑up ramp access.; Located approximately 1 mile to I‑95.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Rao
    Real Estate License ID: NY 49RA1156551
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!