Entity Owned Property summary
AI-generated overview
This exceptional retail opportunity is located within the vibrant Boyce Thompson Center in Yonkers, NY. The property comprises two three-story buildings totaling 85,000 square feet, offering ample space for a variety of uses. Currently, 865 square feet are available for lease, perfect for a medical or retail tenant. The space becomes available June 21, 2023. The center boasts 399 parking spaces, ensuring convenient access for customers and employees. This prime location at 1086 North Broadway, situated near Executive Boulevard in Westchester County (zip code 10701), benefits from high visibility and foot traffic. The property enjoys a strong tenant mix, including established businesses such as Starbucks, Fortina, The Taco Project, WestMed Medical Group, SoYo Nails, Executive Wine & Spirits, Tompkins Mahopac Bank, ENT & Allergy Associates, Family Wellness Pharmacy, Juvanni Med Spa, Columbia Doctors, Motion PT, St. John’s Riverside Hospital, Riverside Dental, and Fresh & Co. This diverse range of co-tenants creates a thriving and attractive environment for potential businesses. Contact us for rental rates, CAM charges, and tax information. This is a fantastic chance to establish a presence in a bustling, well-established commercial center.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1960
Total area
52,000 SF
Lot
6.09 ac (265,280 SF)
Zoning code
PEP
APN
551800 3.-3455-66
UPID
US63-2245020
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
-
Restaurant
-
Restaurant
-
Medical Clinic Hospital
-
Bank Credit Union
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.12M
Comparable Approach
Comparable
$16.62M
Blend (final)
Blend
$1.79M
Owner & transaction history
since 2016
4 recorded transactions
Zoning & alternative use
PEP · Yonkers, NY
General category
OPEN_SPACE
Top alternative use upside
Office building
$18.3M
+42.8%
Warehouse, storage
$15.8M
+23.3%
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 8 comparables with addresses
3 alternative uses screened
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
$1.79M
Value range
$1.61M – $1.97M
±10% around blend
Estimated value / SF
$34 / SF
Confidence
High
8 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
80
$1.61M
blend $1.79M
$1.97M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
52,000 SF
Lot area
6.09 ac
Year built
1960
Stories
3
APN
551800 3.-3455-66
Zoning
PEP
Assessed value
$562,850
Annual tax
$22,361
3
Income approach: direct capitalization
Partial preview
Income approach indication
$15.12M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$16.38M
@ 6.5% CAP return
$15.12M
@ 7% CAP return
$14.04M
4
Sales comparison
Partial preview
Sales approach indication
$9.60M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.6 mi away · 36,667 SF
10.7 mi away · 64,455 SF
11.5 mi away · 49,041 SF
15.2 mi away · 41,156 SF
19.3 mi away · 47,298 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.79M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 73 sales
$246
-86%
Submarket 162 sales
$299
-89%
County 388 sales
$355
-90%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $34/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+43%
vs current-use indication
Warehouse, Storage
Commercial (general) · 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
County record
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 · 8 sales
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$563k
Move the market yield to see immediate price impact.
Value / SF
$11
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%
$35k
$709k
$507k
$394k
$39k
$788k
$563k
$438k
$43k
$867k
$619k
$482k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$16.90M
8.0 mi · Dec 2025 · $256/SF
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$22,361
Tax year 2020
Assessed value
$562,850
Assessed 2023
Previous assessed
$562,850
+0.0% YoY
Effective rate
3.97%
On assessed value
Assessed land
$104,000
Assessed improvement
$458,850
Land market value
$5,810,056
Improvement market value
$25,634,078
Total market value
$31,444,134
Applied tax rate
551,800.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1960
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
3
Total area
52,000 SF
Lot
6.09 ac (265,280 SF)
Zoning code
PEP
APN
551800 3.-3455-66
UPID
US63-2245020
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
PEP · Yonkers, NYZoning PEP · permitted uses
PEP · Yonkers, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
General category
OPEN_SPACE
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
1960
Heating
NONE
Cooling
Yes
Stories
3
Buildings
3
Lot
6.09 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
PEP
OPEN_SPACE
Jurisdiction
Yonkers, NY
Recorded code
PEP
Official district
PEP
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PEP in Yonkers, NY.
What opens after registration
Zoning profile
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.
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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.
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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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