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    5-50 Westchester Ave Rye Brook, NY 10573
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    5-50 Westchester Ave, Rye Brook, NY 10573

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    • Neighborhood centers
    • 378,619 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 5-50 Westchester Ave

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    The Waterfront at Port Chester, located at 5-50 Westchester Ave, Port Chester, NY 10573, offers exceptional retail opportunities in a vibrant, newly revitalized downtown area. This multi-tenant strip center boasts a total of 378,619 square feet, with 42,369 square feet currently vacant. Spaces range from a minimum of 5,369 square feet to a maximum contiguous space of 37,000 square feet, providing flexibility for various retail concepts. The property sits on a 20-acre lot and includes ample parking with 2,246 spaces. Its strategic location directly adjacent to the Metro North train station offers convenient access to Manhattan within 40 minutes, ensuring high foot traffic and accessibility. Furthermore, the property benefits from high visibility due to billboard signage visible from I-95, and proximity to the newly renovated Capitol Theater, which draws significant foot traffic. The surrounding area features a diverse selection of eclectic restaurants, contributing to the overall vibrancy of the location. Westchester County location provides access to a strong consumer base. This is a rare opportunity to secure prime retail space in a thriving, easily accessible location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rye Brook
    County
    Westchester
    State
    New York
    Longitude
    -73.6611
    Latitude
    40.9997

    Comparable in this City

    • Value Estimation by Request
      16,667 SF

      6-14 Bowman Ave

      Lifestyle centers
      6-14 Bowman Ave, Rye Brook, NY 10573
      View Details
    • Value Estimation by Request
      16,667 SF

      6-14 Bowman Ave

      Lifestyle centers
      6-14 Bowman Ave, Rye Brook, NY 10573
      View Details
    • Value Estimation by Request
      14,354 SF

      2 Bowman Ave

      SHOPPING CENTER, STRIP CENTER
      2 Bowman Ave, Rye Brook, NY 10573-2802
      View Details
    • Value Estimation
      $555,000
      13,090 SF

      25 Regent St

      SHOPPING CENTER, STRIP CENTER
      25 Regent St, Port Chester, NY 10573-3512
      View Details
    • Value Estimation
      $530,000
      14,300 SF

      30 Main St, Unit 48

      SHOPPING CENTER, STRIP CENTER
      30 Main St, Port Chester, NY 10573-4617
      View Details
    • Value Estimation
      $1,135,000
      25,680 SF

      200 Rdg St

      SHOPPING CENTER, STRIP CENTER
      200 Rdg St, Port Chester, NY 10573-3434
      View Details

    Similar Nearby for Sale

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      Versatile Commercial Property in Bronx, NY

      Income-generating commercial property with dual storefronts in a growing market.
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      Mixed-Use Building in Port Chester

      Mixed-use building with residential units and commercial space.
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    • New
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      Mixed-Use Investment Opportunity

      Mixed-use building with residential and commercial income potential.
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    • $130,000

      Port Chester Commercial Co-op Space

      Turnkey salon or adaptable commercial space in vibrant Port Chester.
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    • $130,000

      Port Chester Commercial Co-op Space

      Turnkey salon or adaptable commercial space in vibrant downtown.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Waterfront Center

      Newly renovated retail space near shopping and transportation.
      5-50 Westchester Ave, Portchester, NY 10573
      View Details
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      3,485 SF

      Retail Space Near Major Retailers

      59,797 SF shopping center near Whole Foods and Target.
      262 Boston Post Rd, Portchester, NY 10573
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      2,420 SF

      Retail Space on Boston Post

      503,740 SF shopping center on Boston Post Road.
      427 Boston Post Rd, Portchester, NY 10573
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      5,052 SF

      Retail Space on Boston Post

      503,740 SF shopping center on Boston Post Road.
      435 Boston Post Rd, Portchester, NY 10573
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      75,255 SF

      Retail Space in Port Chester

      Retail space available near major retailers and transportation routes.
      421 Boston Post Rd, Portchester, NY 10573
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    • Contact for pricing
      2,462 SF

      Retail Space on Boston Post

      Prime retail location with high traffic and major co-tenants.
      427-535 Boston Post Rd, Portchester, NY 10573
      View Details
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    Rye Brook, NY 10573
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    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
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