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

    140 Midland Ave Port Chester, NY 10573

    • Strip malls
    • 19,129 SF
    • 1.23 lot acres
    For Lease
    View listing
    Last Sale
    Nov 29, 2023
    $5,000,000
    Value Estimations
    $5,050,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3678419
    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

    • Carpet World of Westchester / Carpet Store
    • Midland 99¢ / Variety Store
    • beauty salon & spa Albi's / Beauty Salon
    • Heritage Cards & Gifts / Convenience Store / Stationery Store
    • ATM / Atm

    Property Details for 140 Midland Ave

    Year built
    1959
    Lot size
    1.23 lot acres
    Property size
    19,129 SF
    Zone code
    M2 INDUST
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    554801 142.53-1-4
    APU
    5548011425314

    Description

    This exceptional retail opportunity in Port Chester, New York, presents 6,971 square feet of vacant space within the Midland Plaza building at 140 Midland Avenue. Located in Westchester County, this property offers multiple spaces for lease, with a minimum divisible unit of 853 square feet and a maximum contiguous space of 3,370 square feet. The flexible layout allows for various retail configurations to suit diverse business needs. The building's street-level location on Midland Avenue ensures high visibility and accessibility for customers. This prime location in Port Chester offers excellent exposure to significant foot traffic and vehicular access, making it an ideal space for businesses seeking a strong presence in a thriving community. The property is classified as Street Retail and Commercial, providing a versatile environment for a range of retail operations. The address is 140 Midland Ave, Port Chester, NY 10573. This is a multi-tenant building, offering a vibrant and collaborative atmosphere. The total building size is 6,971 square feet, with the entire space currently available for lease. This presents a unique chance to establish a significant retail presence in a desirable location. Interested parties are encouraged to inquire for further details and leasing options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,135,000
      ML approach
      $5,565,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,480,000
      6.5%
      $5,060,000
      7%
      $4,700,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $3,180,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Chester
    County
    Westchester
    State
    New York
    Longitude
    -73.6701
    Latitude
    40.9916
    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
    $3,405,700
    $2,692,900
    $6,098,600
    -
    $3,405,700
    $2,692,900
    $6,098,600

    Comparable in this City

    • Value Estimation
      $530,000
      14,300 SF

      30 Main St, Unit 48

      SHOPPING CENTER, STRIP CENTER • 14,300 SF
      30 Main St, Port Chester, NY 10573-4617
      View Details
    • Value Estimation by Request
      14,354 SF

      2 Bowman Ave

      SHOPPING CENTER, STRIP CENTER • 14,354 SF
      2 Bowman Ave, Rye Brook, NY 10573-2802
      View Details
    • Value Estimation
      $555,000
      13,090 SF

      25 Regent St

      SHOPPING CENTER, STRIP CENTER • 13,090 SF
      25 Regent St, Port Chester, NY 10573-3512
      View Details
    • Value Estimation
      $1,135,000
      25,680 SF

      200 Rdg St

      SHOPPING CENTER, STRIP CENTER • 25,680 SF
      200 Rdg St, Port Chester, NY 10573-3434
      View Details
    • Value Estimation
      $3,715,000
      84,747 SF

      10 Rye Rdg Plz Ste, Unit 200

      SHOPPING CENTER, STRIP CENTER • 84,747 SF
      10 Rye Rdg Plz Ste, Rye Brook, NY 10573-2828
      View Details
    • Value Estimation by Request
      4,185 SF

      211 Irving Ave

      SHOPPING CENTER, STRIP CENTER • 4,185 SF
      211 Irving Ave, Port Chester, NY 10573-3918
      View Details

    Similar Nearby for Sale

    • $2,950,000

      Port Chester Mixed-Use Warehouse

      Prime Port Chester location, high visibility.
      101 Midland Ave, Port Chester, NY 10573
      View Details
    • $1,550,000
      3,250 SF

      Well-Maintained Turnkey Building For Sale

      Well-maintained 3,250 SF building perfect for owner occupier.
      473 Franklin St, Portchester, NY 10573
      View Details
    • $899,000
      Pending

      Port Chester Office Building For Sale

      Corner lot office building with great visibility and investment potential.
      327 Irving Ave, Portchester, NY 10573
      View Details
    • $1,325,000
      0.13 Acres

      Legal 5-Family Investment Opportunity

      Legal 5-family home with value-add potential in Port Chester.
      28 Greenwood Ave, Portchester, NY 10573
      View Details
    • $2,150,000

      Renovated Flex Space For Sale

      Prime industrial/flex/retail property with recent renovations and high visibility.
      150 Pearl St, Portchester, NY 10573
      View Details
    • $139,000

      Updated Co-op Apartment For Sale

      Immaculate, updated co-op apartment with amenities and convenient location.
      220 Chestnut St, Portchester, NY 10573
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      378,619 SF

      Port Chester Waterfront Retail Space

      Prime Retail, Multiple Spaces Available
      5-50 Westchester Ave, Rye Brook, NY 10573
      View Details
    • Contact for pricing
      2,420 SF

      Retail Space on Boston Post

      503,740 SF shopping center on Boston Post Road.
      427 Boston Post Rd, Portchester, NY 10573
      View Details
    • Contact for pricing
      5,052 SF

      Retail Space on Boston Post

      503,740 SF shopping center on Boston Post Road.
      435 Boston Post Rd, Portchester, NY 10573
      View Details
    • Contact for pricing
      3,485 SF

      Retail Space Near Major Retailers

      59,797 SF shopping center near Whole Foods and Target.
      262 Boston Post Rd, Portchester, NY 10573
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space on Boston Post

      Prime retail location with high traffic and major co-tenants.
      427-535 Boston Post Rd, Portchester, NY 10573
      View Details
    • Contact for pricing
      75,255 SF

      Retail Space in Port Chester

      Retail space available in a busy shopping center.
      421 Boston Post Rd, Portchester, NY 10573
      View Details
    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.
    140 Midland Ave
    Port Chester, NY 10573
    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.