Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    40 Nardozzi Pl New Rochelle, NY 10805

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    40 Nardozzi Pl New Rochelle, NY 10805

    View on Map
    • Retail properties & Spaces
    • 4,200 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Allen Carpet Floors & Beyond / Carpet & Flooring Store / Hardware & Home Improvement

    Property Details for 40 Nardozzi Pl

    Property size
    4,200 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 4,200-square-foot retail space is ideally situated at 40 Nardozzi Place in New Rochelle, New York, within Westchester County (zip code 10805). The property is currently vacant and offers a single-tenant occupancy opportunity. The entire building comprises 4,200 square feet, providing ample space for a variety of retail businesses. Its location in New Rochelle offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strong presence in a vibrant community. The property's single-tenant configuration allows for complete customization and control over the space, eliminating the complexities of multi-tenant management. This presents a unique chance for a business to establish a significant footprint in a desirable market. The property is classified as commercial retail and is ready for immediate occupancy. Interested parties are encouraged to inquire further to explore the possibilities this exceptional space presents. The property's address is 40 Nardozzi Place, New Rochelle, NY 10805. Its geographic coordinates are latitude 40.9001563 and longitude -73.7938738. This is a single-tenant property, offering a unique opportunity for a business to establish itself in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Rochelle
    County
    Westchester
    State
    New York
    Longitude
    -73.7939
    Latitude
    40.9002

    Comparable in this City

    • Value Estimation by Request

      94 Hudson Pk Rd

      Restaurants
      94 Hudson Pk Rd, New Rochelle, NY 10805
      View Details
    • Value Estimation by Request
      0.46 Acres

      400 Pelham Rd

      SHOW ROOM, WAREHOUSE • 0.46 Acres
      400 Pelham Rd, New Rochelle, NY 10805-2202
      View Details
    • Value Estimation
      $765,000
      2,049 SF

      166 Elm St

      SHOW ROOM, WAREHOUSE • 2,049 SF
      166 Elm St, New Rochelle, NY 10805-2011
      View Details
    • Value Estimation by Request
      0.09 Acres

      69 Pelham Rd

      GAS STATION • 0.09 Acres
      69 Pelham Rd, New Rochelle, NY 10805-3911
      View Details
    • Value Estimation by Request
      0.06 Acres

      62 Woodbury St

      PARKING GARAGE, PARKING STRUCTURE • 0.06 Acres
      62 Woodbury St, New Rochelle, NY 10805-1513
      View Details
    • Value Estimation by Request
      0.06 Acres

      42 John St

      PARKING GARAGE, PARKING STRUCTURE • 0.06 Acres
      42 John St, New Rochelle, NY 10805-1621
      View Details

    Similar Nearby for Sale

    • $2,450,000
      8,276 SF

      Retail Property in New Rochelle

      Retail property available for sale in New Rochelle, NY.
      69-77 Pelham Rd, New Rochelle, NY 10805
      View Details
    • Contact for pricing
      6,000 SF

      Freestanding Retail Building For Sale

      6,000 SF building with parking near major retailers.
      34 Weyman Ave, New Rochelle, NY 10805
      View Details
    • Contact for pricing
      5,662 SF

      Waterfront Auto Repair Shop

      Auto repair shop with waterfront views for sale.
      69 Pelham Rd, New Rochelle, NY 10805
      View Details
    • Contact for pricing

      Waterfront Restaurant with Outdoor Patio

      Waterfront restaurant with renovated patio on Long Island Sound.
      94 Hudson Pk Rd, New Rochelle, NY 10805
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,500 SF

      Retail Space with Ample Parking

      11,500 SF retail space with on-site parking available.
      14 Weyman Ave, New Rochelle, NY 10805
      View Details
    • Contact for pricing
      5,598 SF

      Retail Space in New Rochelle

      Retail space available for lease in New Rochelle, NY.
      26 Division St, New Rochelle, NY 10805
      View Details
    • Contact for pricing
      8,890 SF

      114,000 SF Shopping Center Space

      Shopping center with excellent visibility and ample parking available for lease.
      80-100 Industrial Ln, New Rochelle, NY 10805
      View Details
    • Contact for pricing
      1,600 SF

      Renovated Retail Space with Parking

      Newly renovated retail space available for rent with on-site parking.
      111 Pelham Rd, New Rochelle, NY 10805
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    40 Nardozzi Pl
    New Rochelle, NY 10805
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!