Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    214-246 Highland Ave Ossining, NY 10562
    Back to Search
    Property profile & analytics

    214-246 Highland Ave Ossining, NY 10562

    View on Map
    • Lifestyle centers
    • 137,299 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Arcadian Shopping Center / Shopping Center & Mall

    Property Details for 214-246 Highland Ave

    Property size
    137,299 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail opportunity presents 137,299 square feet of prime shopping center space in the thriving Westchester County community of Ossining, New York. Located at the highly visible intersection of Route 9 and Rockledge Avenue, this multi-tenant property offers excellent visibility and accessibility. The center currently features three suites, with a total of 8,263 square feet currently vacant. Individual spaces range from a minimum of 800 square feet to a maximum contiguous space of 4,000 square feet, providing flexibility for a variety of retail businesses. The property's strategic location ensures high foot traffic and exposure to a substantial customer base. This is an ideal investment opportunity for businesses seeking a prominent presence in a bustling Westchester County market. The address is 214-246 S Highland Ave, Ossining, NY 10562. The property is categorized as Retail, Shopping Center with multiple tenancies. Serious inquiries are encouraged to explore this exceptional retail space. The property is situated in Westchester County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ossining
    County
    Westchester
    State
    New York
    Longitude
    -73.862
    Latitude
    41.144

    Comparable in this City

    • Value Estimation by Request
      9,483 SF

      78 Croton Ave

      MINI-MALL • 9,483 SF
      78 Croton Ave, Ossining, NY 10562-4201
      View Details
    • Value Estimation by Request
      4.37 Acres

      22 Rockledge Ave

      MINI-MALL • 4.37 Acres
      22 Rockledge Ave, Ossining, NY 10562-5960
      View Details
    • Value Estimation
      $965,000
      1.04 Acres

      345 Highland Ave

      NURSERY, GREENHOUSE, FLORIST • 1.04 Acres
      345 Highland Ave, Ossining, NY 10562-2330
      View Details
    • Value Estimation by Request
      4.50 Acres

      246 Highland Ave

      REGIONAL SHOPPING CENTER, MALL • 4.50 Acres
      246 Highland Ave, Ossining, NY 10562-6115
      View Details
    • Value Estimation by Request
      7.21 Acres

      214 Highland Ave, Unit 236

      REGIONAL SHOPPING CENTER, MALL • 7.21 Acres
      214 Highland Ave, Ossining, NY 10562-6102
      View Details
    • Value Estimation by Request
      0.25 Acres

      Ellis Pl

      PARKING LOT • 0.25 Acres
      Ellis Pl, Ossining, NY 10562
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      319,000 SF

      Retail Space For Sale

      319,000 SF retail property available for purchase.
      34 State St, Ossining, NY 10562
      View Details
    • $3,500,000
      Pending

      Westchester Warehouse Complex For Sale

      Thriving warehouse complex with income potential in prime Westchester location.
      30-50 Croton River Rd, Ossining, NY 10562
      View Details
    • Contact for pricing
      2,000 SF

      Versatile Retail/Office Space for Rent

      Spacious retail/office space with high visibility and strong traffic flow.
      217 Main St, Ossining, NY 10562
      View Details
    • $279,900

      Ossining Commercial Space For Sale

      Commercial space suitable for retail or office use.
      23 Leonard St, Ossining, NY 10562
      View Details
    • Contact for pricing
      5,100 SF

      Mixed-Use Building with Retail, Apartments

      5,100 SF building with retail and apartment units.
      141 Croton Ave, Ossining, NY 10562
      View Details
    • New
      $279,900
      Pending

      Retail Opportunity in Ossining, NY

      Commercial building suitable for retail or service businesses.
      23 Leonard St, Ossining, NY 10562
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Highland Avenue Showroom Opportunity

      Renovated showroom space in a vibrant shopping district.
      140 South Highland Ave, Ossining, NY 10562
      View Details
    • $2,800 /Mo
      16,753 SF

      Retail Space in Ossining, NY

      Retail space available for lease in Ossining, NY.
      196 N Highland Ave, Ossining, NY 10562
      View Details
    • Contact for pricing
      3,463 SF

      Retail Space at Signalized Intersection

      Retail space available at a signalized intersection in Westchester County.
      22 Rockledge Ave, Ossining, NY 10562
      View Details
    • $2,200 /Mo

      Turnkey Nail Salon in Ossining

      Fully built-out nail salon in downtown Ossining with utilities included.
      15 Croton Ave, Ossining, NY 10562
      View Details
    • $28 SF/Yr

      Retail Space on Main Street

      2000 SF retail space suitable for various businesses.
      161 Main St, Ossining, NY 10562
      View Details
    • $2,800 /Mo

      Ossining Retail/Office Space Available

      900 sq ft space ideal for retail or office.
      196 N Highland Ave, Ossining, NY 10562
      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.
    214-246 Highland Ave
    Ossining, NY 10562
    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
    214-246 Highland Ave, Ossining, NY, 10562
    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!