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    3972 White Plains Rd The Bronx, NY 10466
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    3972 White Plains Rd, The Bronx, NY 10466

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    Property Details for 3972 White Plains Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This 2,080 square foot medical office space, located at 3972 White Plains Road in the Bronx (Bronx County, NY 10466), presents a unique investment opportunity. Currently configured as a deli, this single-tenant property offers significant flexibility for various medical or other uses. Its end-cap location at the intersection of White Plains Road and 225th Street ensures exceptional visibility and accessibility. The property benefits from a daily traffic count exceeding 10,000 vehicles, providing substantial exposure to potential customers. Convenient public transportation is readily available, with immediate access to the #2 and #5 NYC MTA subway lines and a bus stop directly across the street. Strong neighboring retailers, including ShopFair, further enhance the location's appeal. The property enjoys fantastic visibility from all directions, situated advantageously between Bronxwood Avenue and the Bronx River Parkway. This versatile space is ideal for a variety of medical practices or other businesses seeking a high-traffic location with excellent visibility and convenient access to public transportation. The property's existing infrastructure as a deli provides a solid foundation for a quick and efficient transition to a new use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    The Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8603
    Latitude
    40.8878

    Comparable in this City

    • Value Estimation by Request

      4010 White Plains Rd

      Office Spaces
      4010 White Plains Rd, The Bronx, NY 10466
      View Details
    • Value Estimation by Request
      2,848 SF

      614 228th St

      MEDICAL CLINIC
      614 228th St, Bronx, NY 10466-3436
      View Details
    • Value Estimation by Request
      5,000 SF

      900 233Rd St

      Day care centers
      900 233Rd St, The Bronx, NY 10466
      View Details
    • Value Estimation
      $540,000
      2,200 SF

      3952 Bronxwood Ave

      OFFICE (GENERAL)
      3952 Bronxwood Ave, Bronx, NY 10466-5531
      View Details
    • Value Estimation
      $665,000
      3,600 SF

      3663 Boston Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      3663 Boston Rd, Bronx, NY 10466-5839
      View Details
    • Value Estimation by Request
      1,050 SF

      1006 233rd St

      DRIVE-THRU RESTAURANT, FAST FOOD
      1006 233rd St, Bronx, NY 10466-3317
      View Details

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      Finished Office Space in Bronx

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      Retail Space Available For Rent

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    The Bronx, NY 10466
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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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