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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Banks
124 Chatsworth Ave 26 Larchmont, NY 10538-2902
Individually Owned
~
Est. High Equity
Property ID
US63-2036733
Property summary
AI-generated overview
This exceptional 3,018-square-foot retail space is available for lease at 124 Chatsworth Avenue in the desirable village of Larchmont, Westchester County, New York. Located at 124 Chatsworth Avenue, zip code 10538, this single-tenant property offers a fantastic opportunity for a business seeking a high-visibility location. The entire building is currently vacant, presenting a blank canvas for a new tenant to customize the space to their specific needs. The property is classified as street retail, ensuring excellent street frontage and pedestrian traffic. The building's total square footage is 3,018 square feet, providing ample room for a variety of retail businesses. Its location in Larchmont, New York, offers access to a thriving community and strong local demographics. This property is ideal for businesses looking to establish a presence in a vibrant and affluent area of Westchester County. The property's address is easily accessible and benefits from convenient parking options (details to be confirmed separately). This is a rare opportunity to secure a prime retail space in a highly sought-after location. Serious inquiries are encouraged to explore this exceptional leasing opportunity further.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1930
Total area
2,978 SF
Lot
0.11 ac (4,792 SF)
APN
553201 6-2-820
UPID
US63-2036733
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Larchmont Lock Master Locksmith
-
Chase Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$633k
Blend (final)
Blend
$515k
Owner & transaction history
Stephen W Anderson
Stephen W Anderson
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$495,000
+20.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Larchmont submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Larchmont submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$410,000
Current use
AUTO REPAIR, GARAGE
$495,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$173 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Assessed value
$1,300,000
Assessed 2023
Previous assessed
$1,300,000
+0.0% YoY
Assessed land
$390,000
Assessed improvement
$910,000
Land market value
$390,000
Improvement market value
$910,000
Total market value
$1,300,000
Applied tax rate
553,201.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1930
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
2,978 SF
Lot
0.11 ac (4,792 SF)
APN
553201 6-2-820
UPID
US63-2036733
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$410,000
AUTO REPAIR, GARAGE
Est. value
$495,000
FINANCIAL BUILDING Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Stephen W Anderson
Individual
Mailing address
PO BOX 810490, DALLAS, TX 75381-0490
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Stephen W Anderson
—
Deed Of Trust
related
$100,000 · Wells Fargo Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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