Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    113 Edison Ave Mount Vernon, NY 10550-5005

    • Industrial properties
    • 1.10 lot acres
    OFF-MARKET
    Last Sale
    Sep 17, 2020
    $5,000,000
    Value Estimations
    $6,705,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2455027
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Empire City Crane & Rigging / Crane Service

    Property Details for 113 Edison Ave

    Lot size
    1.10 lot acres
    Property type
    Industrial properties
    APN
    550800 169.57-3137-13
    APU
    55080016957313713

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,705,000
      ML approach
      $6,915,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Westchester
    State
    New York
    Longitude
    -73.8232
    Latitude
    40.8935
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $0.00
    $29,000
    $16,000
    $45,000
    -
    $1,695,906
    $935,673
    $2,631,579

    Comparable in this City

    • Value Estimation
      $500,000
      1.30 Acres

      31 Ss St

      INDUSTRIAL (GENERAL) • 1.30 Acres
      31 Ss St, Mount Vernon, NY 10550-1746
      View Details
    • Value Estimation
      $455,000
      0.23 Acres

      17 St

      INDUSTRIAL (GENERAL) • 0.23 Acres
      17 St, Mount Vernon, NY 10550-1710
      View Details
    • Value Estimation
      $465,000
      0.06 Acres

      44 St

      INDUSTRIAL (GENERAL) • 0.06 Acres
      44 St, Mount Vernon, NY 10550-1713
      View Details
    • Value Estimation
      $450,000
      0.24 Acres

      458 10th Ave

      INDUSTRIAL (GENERAL) • 0.24 Acres
      458 10th Ave, Mount Vernon, NY 10550
      View Details
    • Value Estimation
      $440,000
      0.21 Acres

      150 1st St

      INDUSTRIAL (GENERAL) • 0.21 Acres
      150 1st St, Mount Vernon, NY 10550-3435
      View Details
    • Value Estimation
      $470,000
      0.38 Acres

      802 3rd Ave

      INDUSTRIAL (GENERAL) • 0.38 Acres
      802 3rd Ave, Mount Vernon, NY 10550-4918
      View Details

    Similar Nearby for Sale

    • $649,000
      3,000 SF

      Industrial Space with Modern Offices

      3,000 SF industrial space ideal for contractors or auto repair.
      146 E 3Rd St, Mt Vernon, NY 10550
      View Details
    • Contact for pricing
      22,030 SF

      22,032 SF Building For Sale

      22,032 SF building on a 21,000 SF lot.
      521 E 3Rd St, Mount Vernon, NY 10550
      View Details
    • $799,000
      2,800 SF

      Renovated Triplex Near Metro North

      Updated triplex near transportation and shopping in Mount Vernon, NY.
      114 Park Ave, Mount Vernon, NY 10550
      View Details
    • $1,749,000
      6,255 SF

      Charming Colonial Quadruplex in Mount Vernon

      Tastefully renovated four-unit property with ten bedrooms and eight bathrooms.
      165 Summit Ave, Mount Vernon, NY 10550
      View Details
    • $995,000
      0.10 Acres

      Mount Vernon Triplex Opportunity

      Three-unit property near NYC with on-site laundry and parking.
      258 S 10Th Ave, Mount Vernon, NY 10550
      View Details
    • $1,799,000

      Mount Vernon Multifamily Investment Opportunity

      Seven-unit apartment building in Mount Vernon with strong income potential.
      130 W 4Th St, Mount Vernon, NY 10550
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Industrial Site on Hutchinson River

      Industrial site with office, mechanic shop, and river frontage.
      113 Edison Ave, Mount Vernon, NY 10550
      View Details
    • $40 SF/Yr
      4,488 SF

      Versatile Retail and Warehouse Space

      Retail and warehouse space with excellent amenities and accessibility.
      22 W Lincoln Ave, Mount Vernon, NY 10550
      View Details
    • Contact for pricing
      49,937 SF

      Mount Vernon Industrial Space For Lease

      Spacious Manufacturing/Warehouse in Mt Vernon
      150 Macquesten Pkwy, Mount Vernon, NY 10550
      View Details
    • Contact for pricing
      25,000 SF

      Mount Vernon Warehouse/Industrial Space

      Renovated warehouse/industrial space with modern office and ample parking.
      115 S Macquesten Pkwy, Mount Vernon, NY 10550
      View Details
    • $12,000 /Mo

      Mount Vernon Industrial Space Available

      Industrial space for rent, suitable for warehouse operations.
      30 South St, Mount Vernon, NY 10550
      View Details
    • $24 SF/Yr
      41,100 SF

      Mount Vernon Industrial Spaces

      Flexible Spaces, Prime Location, NYC Access
      250 Sandford Blvd, Mount Vernon, NY 10550
      View Details

    Property Visit Statistics

    • Visits by month
      22.5k
    • Visitors by month
      12.1k
    • Avg Time on site
      9 min
    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.
    113 Edison Ave
    Mount Vernon, NY 10550-5005
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.