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    1 Manhattanville Rd Harrison, NY 10577

    • Office Properties & Spaces
    For Lease
    View listing
    $13 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 1 Manhattanville Rd

    Property type
    Office Properties & Spaces
    Property subtype
    Office space

    Description

    This Harrison, New York office space at 1 Manhattanville Rd, 1st Floor, offers a diverse range of flexible workspace solutions ideal for businesses of all sizes. Located in Westchester County, this property provides various options to suit your needs, including traditional office space, executive suites, coworking areas, medical offices, and creative office environments. The space caters to multiple tenants and offers customizable solutions, ranging from single-person offices to large-scale setups accommodating 100 desks or more. Services include fully furnished and equipped private offices, adaptable to specific business requirements, including serviced, custom, disaster recovery, and day offices. Coworking options provide shared office or open-plan areas with hot-desking availability. Meeting rooms are available for various needs, from informal chats to formal presentations and conferences. Virtual office services are also offered, including prestigious business addresses, mail handling, and professional virtual assistant support. Flexible working plans provide access to a global network of workspaces, allowing for both local and international business operations. The property's location in Harrison offers convenient access to local amenities and transportation. The specific square footage of the building is not currently available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Harrison
    County
    Westchester
    State
    New York
    Longitude
    -73.7189
    Latitude
    41.0256

    Comparable in this City

    • Value Estimation by Request
      3,412 SF

      Westchester Ave

      MEDICAL CLINIC • 3,412 SF
      Westchester Ave, Purchase, NY 10577
      View Details
    • Value Estimation by Request
      171,031 SF

      1 Manhattanville Rd

      Office space • 171,031 SF
      1 Manhattanville Rd, Harrison, NY 10577
      View Details
    • Value Estimation by Request
      156,725 SF

      1 Manhattanville Rd

      Office Properties & Spaces • 156,725 SF
      1 Manhattanville Rd, Harrison, NY 10577
      View Details
    • Value Estimation by Request
      2,969 SF

      3003 Purchase St

      OFFICE BUILDING • 2,969 SF
      3003 Purchase St, Purchase, NY 10577-7555
      View Details
    • Value Estimation
      $585,000
      4,656 SF

      3020 Westchester Ave

      OFFICE BUILDING • 4,656 SF
      3020 Westchester Ave, Purchase, NY 10577-2510
      View Details
    • Value Estimation by Request
      3,376 SF

      3040 Westchester Ave

      OFFICE BUILDING • 3,376 SF
      3040 Westchester Ave, Purchase, NY 10577-2574
      View Details

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    Similar Nearby for Lease

    • $13 SF/Yr
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      Harrison, NY Office Space

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      1 Manhattanville Rd, Harrison, NY 10577
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      4,874 SF

      Class A Corporate Campus

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    1 Manhattanville Rd
    Harrison, NY 10577
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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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