Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Investment Opportunity Title is generated by Realmo AI

    149 South 4th Avenue, Mount Vernon, NY 10550

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Seven stores with parking spaces available for sale.

    Type:Land
    Property size:
    6,500 SF
    Price / SF:
    $353/SF
    Added:
    Oct 18, 2024
    Days on Market:
    595
    Last Refresh:
    May 12 at 9:11 pm

    Property Features for 149 South 4th Avenue

    General Information

    Standard status
    Active
    Size
    6,500 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    Hugo Salazar

    Listing agent Hugo Salazar License #New York

    Listing date Oct 18, 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 Hugo Salazar

    HighLights

    • 7 Stores package sale
    • Great investment
    • 9 parking spaces

    Overview

    This offering comprises a package of seven stores, accompanied by nine parking spaces. The property represents a potential investment opportunity. The total property size is 6,500 square feet.

    Local Financial Insights For Retail

    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 $226.2k $34.80
    − Vacancy −$29.9k −$4.59
    EGI $196.3k $30.21
    − OpEx −$58.9k −$9.06
    NOI $137.4k $21.14
    6,500 SF · lease $34.80/SF/yr · vacancy 13.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.96M
    $1.72M – $2.29M (±1% cap)
    NOI $137,439 @ 7.0% cap · market cap 5.98%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    The MailBox Parcel & Shipping ... Shipping Company

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Similar Places Nearby

    • Pure From Nature
    • Bogopa Plaza — 1 Pathmark Plaza, Mt Vernon, NY 10550
    • CVR Creation LLC — 48 S 12th Ave, Mt Vernon, NY 10550

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Westchester
    State
    New York
    Longitude
    -73.8351689
    Latitude
    40.9074371

    Nearby Similar for Sale

    • $949,000
      4,200 SF

      Pre-War Brick Two-Family Home

      Rare brick two-family with commuter access in Mount Vernon, NY.
      578 E 3rd Street, Mount Vernon, NY 10553
      View Details
    • $1,800,000
      5,000 SF

      Versatile Commercial Asset Near Train

      5,000 SF multi-use commercial asset across from Fleetwood Train Station.
      699 N Macquesten Pkwy, Mount Vernon, NY 10552
      View Details
    • $3,200,000

      Corner Commercial Property For Sale

      Rare corner commercial property with six storefronts and parking.
      200 W 1st Street, Mount Vernon, NY 10550
      View Details
    • $949,000

      Updated Two-Family Home, Mount Vernon

      Renovated two-family home in Mount Vernon, convenient location.
      106 Hillside Avenue, Mount Vernon, NY 10553
      View Details
    • $1,049,000

      Mount Vernon Commercial Building For Sale

      Commercial building in Mount Vernon's light industrial district.
      317 E 3rd Street, Mount Vernon, NY 10553
      View Details
    • $865,000

      Elevate Bar & Lounge Opportunity

      Bar and lounge in prime location near transportation and shopping.
      130 E 1st Street, Mount Vernon, NY 10550
      View Details
    • $690,000

      Mount Vernon Three-Unit Investment Property

      Well-maintained three-unit property with income potential in Mount Vernon.
      124 S 11th Avenue, Mount Vernon, NY 10550
      View Details
    • $699,999
      1,750 SF

      Mount Vernon Multi-Family A-Frame

      Legal two-family property in Mount Vernon, an investor's dream.
      13 Beach St, Mount Vernon, NY 10550
      View Details
    • $899,999

      Updated Multi-Family Investment Opportunity

      Recently updated multi-family property with strong cash-flow potential.
      50 S 7th Avenue, Mount Vernon, NY 10550
      View Details
    • $795,000
      10,019 SF

      Mount Vernon Redevelopment Opportunity

      Redevelopment opportunity in Mount Vernon, 10,019 SF building.
      208 N 5th Ave, Mount Vernon, NY 10550
      View Details
    • $1,099,000

      Mediterranean Duplex in Fleetwood

      Charming Mediterranean duplex with income potential in Fleetwood.
      35 E Birch Street, Mount Vernon, NY 10552
      View Details
    • $1,124,000

      Modern Luxury Two-Family Home

      Newly built two-family home with modern amenities and income potential.
      316 E 4th Street, Mount Vernon, NY 10553
      View Details

    FAQs

    What type of property is this?
    Shopping center - Seven stores with parking spaces available for sale.
    Where is this shopping center located?
    The property is located at 149 South 4th Avenue Mount Vernon, NY.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: 7 Stores package sale; Great investment; 9 parking spaces
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Hugo Salazar
    Real Estate License ID: New York
    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
    149 South 4th Avenue, Mount Vernon, NY 10550
    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!