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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1961 Commerce St Yorktown Heights, NY 10598-4473

    • Investment properties
    • 1,590 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1616076
    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

    • Measter & Schlageter / Attorney
    • KITCHEN HEADQUARTERS / Kitchen Remodeler / Architectural Designer

    Property Details for 1961 Commerce St

    Year built
    1958
    Lot size
    0.34 lot acres
    Property size
    1,590 SF
    Zone code
    C-2R
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    555400 37.14-2-63
    APU
    5554003714263

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Yorktown Heights
    County
    Westchester
    State
    New York
    Longitude
    -73.782
    Latitude
    41.2753
    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
    $8,300
    $19,900
    $28,200
    -
    $482,558
    $1,156,977
    $1,639,535

    Comparable in this City

    • Value Estimation by Request
      0.73 Acres

      1893 Commerce St

      STORE/OFFICE (MIXED USE) • 0.73 Acres
      1893 Commerce St, Yorktown Heights, NY 10598-4454
      View Details
    • Value Estimation
      $530,000
      1,740 SF

      1920 Commerce St

      STORE/OFFICE (MIXED USE) • 1,740 SF
      1920 Commerce St, Yorktown Heights, NY 10598-4410
      View Details
    • Value Estimation by Request
      2.16 Acres

      2013 Crompond Rd

      STORE/OFFICE (MIXED USE) • 2.16 Acres
      2013 Crompond Rd, Yorktown Heights, NY 10598-4235
      View Details
    • Value Estimation by Request
      1,530 SF

      2062 Saw Ml Riv Rd

      STORE/OFFICE (MIXED USE) • 1,530 SF
      2062 Saw Ml Riv Rd, Yorktown Heights, NY 10598-4108
      View Details
    • Value Estimation
      $4,105,000
      4,610 SF

      3241 Crompond Rd

      STORE/OFFICE (MIXED USE) • 4,610 SF
      3241 Crompond Rd, Yorktown Heights, NY 10598
      View Details
    • Value Estimation
      $2,525,000
      9,291 SF

      250 Mahopac Ave

      STORE/OFFICE (MIXED USE) • 9,291 SF
      250 Mahopac Ave, Yorktown Heights, NY 10598-6351
      View Details

    Similar Nearby for Sale

    • $1,349,000
      2,400 SF

      Yorktown Mixed-Use Investment Opportunity

      Prime mixed-use property in Yorktown's business district with development potential.
      1952 Commerce St, Yorktown Heights, NY 10598
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    • $595,000

      Yorktown Heights Shovel-Ready Development Site

      Approved mixed-use development site in Yorktown Heights.
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      Yorktown Heights Land For Sale

      Land available in Yorktown Heights, NY.
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    • $275,000
      Pending

      Two Acres in Yorktown Heights

      Two acre land parcel in Yorktown Heights, New York.
      240 Mahopac Ave, Yorktown Heights, NY 10598
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    • $2,343,000
      1.00 Acre

      Yorktown Heights Townhouses

      Three-unit multifamily, high NOI.
      702 Saw Mill River Rd, Yorktown Heights, NY 10598
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    • $829,900
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      Luxury Townhome in Yorktown Heights

      New 3-bedroom townhome with modern amenities and convenient location.
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    Similar Nearby for Lease

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      1,770 SF

      Yorktown Heights Office Building

      Two-building office park with on-site amenities and ample parking.
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      177,000 SF

      Yorktown Heights Retail Center

      Prime Retail Space Available, Westchester County
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      2,290 SF

      Yorktown Heights Retail Space Available

      Prime retail spaces for lease in Yorktown Plaza.
      342-358 Downing Dr, Yorktown Heights, NY 10598
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    • $2,000 /Mo
      27,608 SF

      Renovated Office Building in Yorktown

      Freestanding renovated office building with three rooms, kitchenette, and parking.
      2070 Saw Mill River Rd, Yorktown Heights, NY 10598
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    • Contact for pricing
      23,296 SF

      Yorktown Heights Flex/Industrial/Office Space

      Flex, industrial, and office spaces in a campus setting.
      2651 Strang Blvd, Yorktown Heights, NY 10598
      View Details
    • Contact for pricing
      1,200 SF

      Downtown Yorktown Heights Office Space

      Office and medical space with parking and 24/7 access.
      200 Veterans Rd, Yorktown Heights, NY 10598
      View Details

    Property Visit Statistics

    • Visits by month
      20.6k
    • Visitors by month
      10.2k
    • Avg Time on site
      10 min
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    1961 Commerce St
    Yorktown Heights, NY 10598-4473
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    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
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