Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4702 White Plains Rd Bronx, NY 10470
    Back to Search
    Property profile & analytics

    4702 White Plains Rd Bronx, NY 10470

    View on Map
    • Retail properties & Spaces
    • 2,830 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Zoom Zoom Deli Grill / Grocery & Convenience Store / Food Market
    • Plantega - Zoom Zoom Deli Grill / Restaurant
    • Cleaners / (Bike/Boat/Book/etc) Store
    • Deli Stop Shop Mart / Food Market / Restaurant

    Property Details for 4702 White Plains Rd

    Year built
    1930
    Property size
    2,830 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Mixed-use properties

    Description

    This single-tenant, mixed-use property at 4702 White Plains Rd, Bronx, NY 10470, presents a compelling investment opportunity. The 2,800 square foot building, constructed in 1930, sits on a 3,192 square foot lot and is zoned R6A-C2-2. Currently vacant, it offers significant upside potential with a pro-forma NOI of $97,200 and a 5.72% pro-forma cap rate. The asking price is $1,700,000, translating to $600.71 per square foot. A key feature is the substantial 6,700 square feet of available air rights, allowing for future expansion or development. The property's single-story design and single unit simplify management. Financial projections indicate a total yearly gross income of $101,400 and total yearly expenses of $4,200. This presents a rare chance to acquire a well-located Bronx property with considerable growth potential. The property's Class C designation and its location in Bronx County offer investors a chance to capitalize on the area's ongoing development. The vacant status allows for immediate customization to suit a variety of retail tenants. This is an exceptional opportunity for investors seeking a strong return on investment in a rapidly evolving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8498
    Latitude
    40.9036

    Comparable in this City

    • Value Estimation by Request
      500 SF

      4711 White Plains Rd

      Retail properties & Spaces • 500 SF
      4711 White Plains Rd, The Bronx, NY 10470
      View Details
    • Value Estimation by Request
      1,200 SF

      4710 White Plains Rd

      Retail properties & Spaces • 1,200 SF
      4710 White Plains Rd, The Bronx, NY 10470
      View Details
    • Value Estimation by Request
      1,840 SF

      4433 White Plns Rd

      STORE/OFFICE (MIXED USE) • 1,840 SF
      4433 White Plns Rd, Bronx, NY 10470-1606
      View Details
    • Value Estimation
      $710,000
      4,500 SF

      4509 White Plns Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,500 SF
      4509 White Plns Rd, Bronx, NY 10470-0276
      View Details
    • Value Estimation
      $660,000
      2,805 SF

      517 233rd St

      STORES & APARTMENTS • 2,805 SF
      517 233rd St, Bronx, NY 10470-2401
      View Details
    • Value Estimation
      $545,000
      2,220 SF

      4781 White Plns Rd

      STORES & APARTMENTS • 2,220 SF
      4781 White Plns Rd, Bronx, NY 10470-1124
      View Details

    Similar Nearby for Sale

    • $899,000
      1,886 SF

      Mixed-Use Property with Vacant Store

      Mixed-use property featuring a vacant store and residential unit.
      4742 White Plains Rd, Bronx, NY 10470
      View Details
    • $700,000
      0.05 Acres

      Bronx Land Development Opportunity

      Vacant land with development potential in high-traffic Bronx location.
      4740 White Plains Rd, Bronx, NY 10470
      View Details
    • $350,000
      4,000.00 Acres

      4000 SF Residential Land

      4000 SF Residential Land For Sale
      210 E 237th St, Bronx, NY 10470
      View Details
    • $420,000
      Pending

      Bronx Multifamily Property For Sale

      Multifamily property in the Bronx, sold as is.
      4401 Carpenter Ave, Bronx, NY 10470
      View Details
    • $1,650,000
      0.08 Acres

      Bronx Development Site Near Transportation

      Development site in the Bronx with high buildable square footage.
      4615 Furman Ave, Bronx, NY 10470
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,640 SF

      Bronx Retail Space for Rent

      Retail space available near 2 Train in the Bronx.
      4617 White Plains Rd, Bronx, NY 10470
      View Details
    • Contact for pricing
      500 SF

      Retail Space Near Train Station

      Retail space available in a dense residential neighborhood.
      4711-4713 White Plains Rd, Bronx, NY 10470
      View Details
    • Contact for pricing
      24,116 SF

      Bronx Retail Space Available

      Large retail space available for lease in the Bronx.
      700 East 241St St, Bronx, NY 10470
      View Details
    • $8,000 /Mo

      Downtown Wakefield Storefront for Rent

      Storefront for rent in downtown Wakefield with huge potential.
      4729 White Plains Rd, Bronx, NY 10470
      View Details
    • Contact for pricing
      21,000 SF

      Versatile Space in Bronx, NY

      Adaptable ground floor space suitable for various professional uses.
      4770 White Plains Rd, Bronx, NY 10470
      View Details
    • Contact for pricing

      Woodlawn Warehouse with Highway Access

      7,670 SF warehouse with high ceilings and drive-in door.
      343 E 233Rd St, Bronx, NY 10470
      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.
    4702 White Plains Rd
    Bronx, NY 10470
    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

    Thank You for Inquiry
    4702 White Plains Rd, Bronx, NY, 10470
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!