Entity Owned 
For Lease
$47,305,000
10 Bank St, White Plains, NY 10606
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
205,035 SF
Lot
1.3 ac (56,628 SF)
Zoning code
CB-4
APN
551700 125.82-2-1
UPID
US63-2491745
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
-
Distribution Center Logistics Company
-
Big Box & Wholesale Store Bar & Pub
-
Law Firm
-
Law Firm
-
Accounting Firm Tax Preparation
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$51.53M
Comparable Approach
Comparable
$41.90M
Blend (final)
Blend
$47.31M
Owner & transaction history
since 2022
Last sale
$42.0M
7 recorded transactions
Zoning & alternative use
CB-4 · White Plains, NY
Zoning description
5.5.1.9 The CB-3, CB-4 and UR-4 Districts are high-density, mixed-use areas encompassing the core of the City’s central business district. Appropriate to the City’s role as a regional center, these Districts permit a com…
General category
MIXED_USE
Top alternative use upside
Warehouse, storage
$74.5M
+53.3%
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.
All 3 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$47.31M
Value range
$42.57M – $52.04M
±10% around blend
Estimated value / SF
$231 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
30
$42.57M
blend $47.31M
$52.04M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
205,035 SF
Lot area
1.3 ac
Year built
1987
Stories
12
APN
551700 125.82-2-1
Zoning
CB-4
Assessed value
$1,000,000
3
Income approach: direct capitalization
Partial preview
Income approach indication
$51.53M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$55.82M
@ 6.5% CAP return
$51.53M
@ 7% CAP return
$47.85M
4
Sales comparison
Partial preview
Sales approach indication
$16.27M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
21.2 mi away · 254,185 SF
21.3 mi away · 214,392 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$47.31M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 25 sales
$237
-3%
County 65 sales
$351
-34%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $231/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Warehouse, Storage
Gross theoretical uplift
+53%
vs current-use indication
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
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
Not available
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 · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
5.70%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.70%
9.0%
NOI (est.)
$2.94M *
Last sale · Dec 2022
$42.00M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$51.58M
Move the market yield to see immediate price impact.
Value / SF
$252
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
5.20%5.70%6.20%
$2.65M
$50.88M
$46.42M
$42.68M
$2.94M
$56.54M
$51.58M
$47.42M
$3.23M
$62.19M
$56.74M
$52.16M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$26.00M
18.2 mi · Jan 2026 · $135/SF
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Assessed value
$1,000,000
Assessed 2023
Previous assessed
$1,500,000
-33.3% YoY
Assessed land
$351,850
Assessed improvement
$648,150
Land market value
$14,721,757
Improvement market value
$27,119,247
Total market value
$41,841,004
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
1987
Heating
NONE
Buildings
1
Stories
12
Total area
205,035 SF
Lot
1.3 ac (56,628 SF)
Zoning code
CB-4
APN
551700 125.82-2-1
UPID
US63-2491745
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
CB-4 · White Plains, NYZoning CB-4 · permitted uses
CB-4 · White Plains, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
5.5.1.9 The CB-3, CB-4 and UR-4 Districts are high-density, mixed-use areas encompassing the core of the City’s central business district. Appropriate to the City’s role as a regional center, these Districts permit a com…
General category
MIXED_USE
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Stories
12
Buildings
1
Lot
1.3 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
CB-4
MIXED_USE
Jurisdiction
White Plains, NY
Recorded code
CB-4
Official district
CB-4
Official district profile
What the municipal code says about CB-4
Zoning description
5.5.1.9 The CB-3, CB-4 and UR-4 Districts are high-density, mixed-use areas encompassing the core of the City’s central business district. Appropriate to the City’s role as a regional center, these Districts permit a com…
General category
MIXED_USE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CB-4 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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