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Property profile & analytics
OFF-MARKET
Estimated value
$5,880,000
Warehouses
203 Ridgewood Dr Elmsford, NY 10523-1550
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US63-4242753
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Total area
32,000 SF
Lot
6.95 ac (302,742 SF)
Zoning code
PD
APN
552689 7.100-13-3
UPID
US63-4242753
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.55M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.88M
Owner & transaction history
Wu Of Lh 203 Ridgewood LLC · 18 yrs held
Wu Of Lh 203 Ridgewood LLC
since 2008
7 recorded transactions
Zoning & alternative use
PD · Elmsford, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Elmsford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elmsford 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
by Request
CAP Approach
CAP Return
Estimation
6%
$8,175,000
6.5%
$7,545,000
7%
$7,005,000
Blend value · Realmo final
$5.88M
Range $5.29M – $6.47M · ±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
$184 / 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
$5,365,700
Assessed 2023
Previous assessed
$5,365,700
+0.0% YoY
Assessed land
$2,247,500
Assessed improvement
$3,118,200
Land market value
$2,247,500
Improvement market value
$3,118,200
Total market value
$5,365,700
Applied tax rate
553,402.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Heating
NONE
Stories
1
Total area
32,000 SF
Lot
6.95 ac (302,742 SF)
Zoning code
PD
APN
552689 7.100-13-3
UPID
US63-4242753
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
PD · Elmsford, NY
Zoning PD · permitted uses
PD · Elmsford, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elmsford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Stories
1
Lot
6.95 ac
Current owner
From public records · entity-resolved
Wu Of Lh 203 Ridgewood LLC
Entity
Mailing address
1399 FRANKLIN AVE, GARDEN CITY, NY 11530-7400
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2023
—
Wu Lh 203 Ridgewood LLC
—
Deed
related
$1,120,847 · Aig Asset Management LLC
Mar 29, 2011
—
Wu & Lh 103 Fairview Park LLC
—
Grant Deed
related
$3,900,000 · Miscellaneous Ins Co
Apr 23, 2008
$4,730,419
Wu Of Lh 203 Ridgewood LLC
Baker-properties
Grant Deed
$50,650,000 · Miscellaneous Ins Co
—
—
Wu & Lh 203 Ridgewood LLC
—
Loan Modification
related
$158,750,000 · Miscellaneous Ins Co
—
—
Wu & Lh 412 Fairview Park LLC
—
Deed Of Trust
related
$2,134,521 · Miscellaneous Ins Co
—
—
Wu & Lh 203 Ridgewood LLC
—
Deed Of Trust
related
$73,025,000 · Miscellaneous Ins Co
—
—
Wu & Lh 203 Ridgewood LLC
—
Deed Of Trust
related
$73,025,000 · Miscellaneous Ins Co
—
—
Wu & Lh 203 Ridgewood LLC
—
Deed Of Trust
related
$50,650,000 · Miscellaneous Ins Co
—
—
Wu & Lh 412 Fairview Park LLC
—
Loan Modification
related
$50,650,000 · Miscellaneous Ins Co
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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