Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7 Grand St Mount Vernon, NY 10552
    Back to Search
    Property profile & analytics

    7 Grand St Mount Vernon, NY 10552

    View on Map
    • Retail properties & Spaces
    • 2,015 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 7 Grand St

    Property size
    2,015 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 2,015 square foot retail space at 7 W. Grand St, Mount Vernon, NY 10552, presents a unique investment opportunity. Located in a high-traffic area of Westchester County, this single-tenant property boasts excellent visibility and accessibility. Previously a fitness facility, the space offers flexibility for various commercial uses, subject to municipal approvals. Its prime location benefits from proximity to a large supermarket, a 23,000 square foot CVS, and a bustling pedestrian area with nearly 8,000 vehicles passing daily. Convenient street and municipal parking options are available. The property enjoys a strategic position between established businesses such as Clara’s Hair Studio, John & Toney’s Pizza, Jungle Restaurant, and a popular diner, as well as larger anchors like Capital One Bank and AppleMed Urgent Care. Public transportation is readily accessible with bus stops at the corner and proximity to the Fleetwood Metro-North train station. A significant advantage is its location adjacent to a newly constructed 249-unit, 18-story residential complex, ensuring a substantial and growing customer base. This presents a compelling opportunity for businesses seeking high visibility and convenient access within a thriving community. The property is a ground floor space in an 18-story building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Westchester
    State
    New York
    Longitude
    -73.8365
    Latitude
    40.9253

    Comparable in this City

    • Value Estimation by Request
      38,813 SF

      570 Gramatan Ave

      Individual retail properties • 38,813 SF
      570 Gramatan Ave, Mount Vernon, NY 10552
      View Details
    • Value Estimation by Request
      7,050 SF

      42 Broad St

      Flex space • 7,050 SF
      42 Broad St, Mount Vernon, NY 10552
      View Details
    • Value Estimation
      $990,000
      0.30 Acres

      125 Orch St

      NURSERY, GREENHOUSE, FLORIST • 0.30 Acres
      125 Orch St, Mount Vernon, NY 10552-1917
      View Details
    • Value Estimation by Request
      0.38 Acres

      572 Gramatan Ave

      SHOW ROOM, WAREHOUSE • 0.38 Acres
      572 Gramatan Ave, Mount Vernon, NY 10552-2118
      View Details
    • Value Estimation by Request
      0.10 Acres

      402 Locust St

      SHOW ROOM, WAREHOUSE • 0.10 Acres
      402 Locust St, Mount Vernon, NY 10552-2605
      View Details
    • Value Estimation by Request
      0.11 Acres

      439 Ter Ave

      PARKING GARAGE, PARKING STRUCTURE • 0.11 Acres
      439 Ter Ave, Mount Vernon, NY 10552-3110
      View Details

    Similar Nearby for Sale

    • $1,800,000
      5,000 SF

      699 N Macquesten Pkwy

      Location. Visibility. Versatility.
      699 N Macquesten Pkwy, Mount Vernon, NY 10552
      View Details
    • $1,150,000

      Mixed-Use Investment Near Transportation

      Mixed-use property with transit access and income upside.
      557 N Macquesten Pkwy, Mount Vernon, NY 10552
      View Details
    • Contact for pricing
      30,500 SF

      Mixed-Use Commercial Building For Sale

      30,500 SF mixed-use commercial building available for purchase.
      10 Broad St W, Mount Vernon, NY 10552
      View Details
    • $1,800,000

      Versatile Commercial Asset Near Train

      Multi-use commercial property near Fleetwood Train Station.
      699 N Macquesten Pkwy, Mount Vernon, NY 10552
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Mt Vernon, NY.
      42 Broad St W, Mt Vernon, NY 10552
      View Details
    • Contact for pricing

      Retail/Office Space Available

      Single tenant retail/office space available for rent.
      21 Broad St W, Mt Vernon, NY 10552
      View Details
    • Contact for pricing
      2,015 SF

      Former Fitness Studio Retail Space

      2,015 SF retail space in heavily trafficked location.
      7-11 W Grand St, Mount Vernon, NY 10552
      View Details
    • $12 SF/Yr

      Renovated 5-Bedroom Residence Near Transit

      Recently renovated 5-bedroom, 2-bathroom residence near Fleetwood train station.
      222 Primrose Ave, Mount Vernon, NY 10552
      View Details
    • New
      $3,300 /Mo
      12,632 SF

      Renovated Office Space on Lincoln

      Versatile office space in Mount Vernon, convenient location.
      635 E Lincoln Ave, Mount Vernon, NY 10552
      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.
    7 Grand St
    Mount Vernon, NY 10552
    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
    7 Grand St, Mount Vernon, NY, 10552
    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!