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    1326 Boston Post Rd Larchmont, NY 10538

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    1326 Boston Post Rd Larchmont, NY 10538

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    • Neighborhood centers
    • 83,923 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • People's United Bank - ATM / Atm
    • Western Union / Bank / Credit Union
    • Coinstar / Bank / Credit Union

    Property Details for 1326 Boston Post Rd

    Property size
    83,923 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is located at 1326 Boston Post Road in Larchmont, New York, within the affluent Westchester County. Ferndale Shopping Center is a two-story strip center offering 83,923 square feet of retail space. Currently, there are two available spaces, with a minimum divisible space of 3,277 square feet and a maximum contiguous space of 4,753 square feet, totaling 8,030 square feet of vacant space. The property enjoys a high-traffic location on Boston Post Road (18,552 vehicles per day), a major thoroughfare connecting Larchmont to neighboring coastal communities. Larchmont itself is a highly desirable village with a median household income exceeding $200,000 and a median home value of $1,800,000. Its residents enjoy easy access to Manhattan via the Metro-North New Haven Line and I-95. The area boasts a limited supply of retail space, making this a unique opportunity to establish a presence in a thriving market alongside established retailers such as Trader Joe's, Equinox, Stop & Shop, Gap, and Petco. The property's strategic location and the affluent demographics of Larchmont present a compelling investment prospect for discerning businesses seeking a prime retail location in a high-demand market. The center's location on Boston Post Road provides excellent visibility and accessibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Larchmont
    County
    Westchester
    State
    New York
    Longitude
    -73.7476
    Latitude
    40.937

    Comparable in this City

    • Value Estimation
      $1,805,000
      38,080 SF

      2444 Boston Post Rd

      SHOPPING CENTER, STRIP CENTER • 38,080 SF
      2444 Boston Post Rd, Larchmont, NY 10538-3442
      View Details
    • Value Estimation
      $2,850,000
      62,664 SF

      1330 Boston Post Rd

      SHOPPING CENTER, STRIP CENTER • 62,664 SF
      1330 Boston Post Rd, Larchmont, NY 10538-3905
      View Details
    • Value Estimation
      $630,000
      17,200 SF

      1262 Boston Post Rd

      SHOPPING CENTER, STRIP CENTER • 17,200 SF
      1262 Boston Post Rd, Larchmont, NY 10538-3905
      View Details
    • Value Estimation
      $835,000
      21,125 SF

      2141 Palmer Ave

      SHOPPING CENTER, STRIP CENTER • 21,125 SF
      2141 Palmer Ave, Larchmont, NY 10538-2406
      View Details
    • Value Estimation by Request
      1,272 SF

      144 Weaver St

      NURSERY, GREENHOUSE, FLORIST • 1,272 SF
      144 Weaver St, Larchmont, NY 10538-2349
      View Details
    • Value Estimation
      $520,000
      17,098 SF

      2285 Boston Post Rd

      NURSERY, GREENHOUSE, FLORIST • 17,098 SF
      2285 Boston Post Rd, Larchmont, NY 10538-3557
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      2,035 SF

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    • $5,200 /Mo

      Larchmont Commercial Space For Rent

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      Larchmont Retail and Office Space

      Retail and office space available for lease in Larchmont.
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      Larchmont Storefront Commercial Space

      Prime 1,120 SF space with high visibility near Metro-North.
      2094 Boston Post Rd, Larchmont, NY 10538
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      4,373 SF

      Retail Space in Larchmont, NY

      Retail space available in affluent Westchester County village.
      1328 W Boston Post Rd, Larchmont, NY 10538
      View Details
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    1326 Boston Post Rd
    Larchmont, NY 10538
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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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