Entity Owned 
For Lease
1 / 16
$11,700/Mo
1 Summit Ave,Unit 2ND, White Plains, NY 10606
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Total area
11,247 SF
Lot
0.32 ac (13,939 SF)
Zoning code
B-2
APN
551700 130.42-5-2
UPID
US63-2584347
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store Corporate Office
-
Counselor Doctor
-
Employment Agency
-
Registered General Nurse
-
Foster Care Service Social Service Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.59M
Owner & transaction history
since 2017
2 recorded transactions
Zoning & alternative use
B-2 · White Plains, NY
Zoning description
5.5.1.4 The B-2 District is a low-density neighborhood retail district containing retail and service business "uses" of a limited nature appropriate to serve the convenience shopping needs of neighboring residential area…
General category
COMMERCIAL
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 7 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.59M
Value range
$1.43M – $1.74M
±10% around blend
Estimated value / SF
$141 / SF
Confidence
High
7 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
70
Income certainty
100
$1.43M
blend $1.59M
$1.74M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,247 SF
Lot area
0.32 ac
Year built
1983
Stories
2
APN
551700 130.42-5-2
Zoning
B-2
Assessed value
$53,500
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$3.36M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
16.9 mi away · 14,318 SF
17.5 mi away · 10,000 SF
22.2 mi away · 12,288 SF
22.7 mi away · 11,636 SF
22.9 mi away · 8,721 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.59M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 25 sales
$237
-41%
County 65 sales
$351
-60%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $141/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.46M
Move the market yield to see immediate price impact.
Value / SF
$219
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$155k
$3.10M
$2.21M
$1.72M
$172k
$3.44M
$2.46M
$1.91M
$189k
$3.79M
$2.71M
$2.11M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$1.90M
7.5 mi · Feb 2026 · $184/SF
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Assessed value
$53,500
Assessed 2023
Previous assessed
$53,500
+0.0% YoY
Assessed land
$28,000
Assessed improvement
$25,500
Land market value
$1,171,548
Improvement market value
$1,066,946
Total market value
$2,238,494
Applied tax rate
551,700.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1983
Heating
HOT WATER
Buildings
1
Stories
2
Bathrooms
2
Total area
11,247 SF
Lot
0.32 ac (13,939 SF)
Zoning code
B-2
APN
551700 130.42-5-2
UPID
US63-2584347
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
B-2 · White Plains, NYZoning B-2 · permitted uses
B-2 · White Plains, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
5.5.1.4 The B-2 District is a low-density neighborhood retail district containing retail and service business "uses" of a limited nature appropriate to serve the convenience shopping needs of neighboring residential area…
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1983
Heating
HOT WATER
Stories
2
Buildings
1
Bathrooms
2
Lot
0.32 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
B-2
COMMERCIAL
Jurisdiction
White Plains, NY
Recorded code
B-2
Official district
B-2
Official district profile
What the municipal code says about B-2
Zoning description
5.5.1.4 The B-2 District is a low-density neighborhood retail district containing retail and service business "uses" of a limited nature appropriate to serve the convenience shopping needs of neighboring residential area…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-2 in White Plains, NY.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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