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    2 Triangle Ctr Yorktown Heights, NY 10598
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    Property profile & analytics

    2 Triangle Ctr Yorktown Heights, NY 10598

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    • Retail properties & Spaces
    • 208,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bank of America ATM (Drive-thru) / Atm
    • Bank of America (with Drive-thru ATM) / Bank / Loan Service
    • Mortgage, Bank of America / Loan Service / Bank

    Property Details for 2 Triangle Ctr

    Property size
    208,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional two-level, 208,000 square foot regional shopping center in Yorktown Heights, NY, presents a compelling investment opportunity. Strategically located at the intersection of Routes 118, 35, and 202, this property boasts excellent visibility and accessibility. The center comprises five buildings with a total of 45 suites, offering a diverse range of space options, from 920 square feet to expansive 27,000 square foot anchor spaces. Currently, 70,000 square feet is available for lease. The property features ample parking with 867 spaces and prime signage opportunities. The center is anchored by established businesses including ACME Markets, Bank of America, and GO Health Urgent Care, among others. Planned renovations for 2024-2025 will further enhance the property's appeal. Nearby retailers include CVS, Uncle Giuseppe's Marketplace, and many more, ensuring a thriving retail environment. The property offers multiple tenancy options and is ideal for a variety of retail and office uses. This is a rare opportunity to secure space in a well-established, high-traffic shopping center poised for future growth. Contact us for leasing details and pricing. The lease is a gross lease with CAM and taxes included in the rent.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Yorktown Heights
    County
    Westchester
    State
    New York
    Longitude
    -73.7818
    Latitude
    41.2781

    Comparable in this City

    • Value Estimation
      $1,095,000
      17,295 SF

      2 Old Tomahawk St

      RETAIL STORES (PERSONAL SERVICES) • 17,295 SF
      2 Old Tomahawk St, Yorktown Heights, NY 10598-6355
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    • Value Estimation
      $2,345,000
      43,812 SF

      80 Rte 6th 6

      RETAIL STORES (PERSONAL SERVICES) • 43,812 SF
      80 Rte 6th 6, Yorktown Heights, NY 10598
      View Details
    • Value Estimation
      $3,005,000
      48,000 SF

      80 Rte 6th 6

      RETAIL STORES (PERSONAL SERVICES) • 48,000 SF
      80 Rte 6th 6, Yorktown Heights, NY 10598
      View Details
    • Value Estimation by Request
      5,000 SF

      80 Rte 6th 6

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      80 Rte 6th 6, Yorktown Heights, NY 10598
      View Details
    • Value Estimation
      $600,000
      8,400 SF

      80 Rte 6th 6

      RETAIL STORES (PERSONAL SERVICES) • 8,400 SF
      80 Rte 6th 6, Yorktown Heights, NY 10598
      View Details
    • Value Estimation by Request
      1.76 Acres

      3372 Old Crompond Rd

      RETAIL STORES (PERSONAL SERVICES) • 1.76 Acres
      3372 Old Crompond Rd, Yorktown Heights, NY 10598-3602
      View Details

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    • Contact for pricing
      1,609 SF

      Yorktown Heights Retail Space Available

      Prime retail spaces for lease in Yorktown Plaza.
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      2,908 SF

      Retail Space on Crompond Road

      Retail space available on a corner lot with high visibility.
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      5,546 SF

      Yorktown Retail Space For Lease

      Retail space available in renovated Yorktown shopping center.
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    • Contact for pricing
      2,290 SF

      Yorktown Heights Retail Space Available

      Prime retail spaces for lease in Yorktown Plaza.
      342-358 Downing Dr, Yorktown Heights, NY 10598
      View Details
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    Yorktown Heights, NY 10598
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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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