Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    217 Madison Ave Portchester, NY 10573
    Back to Search
    Property profile & analytics

    217 Madison Ave Portchester, NY 10573

    View on Map
    • Warehouses
    • 2,101 SF
    • 0.12 lot acres
    For Sale
    $760,000
    View Listing →
    Freestanding Warehouse in Residential Area For Sale
    $760,000
    2,130 SF

    Freestanding Warehouse in Residential Area

    One-story warehouse with office space in residential neighborhood.

    Portchester, NY 10573
    View Listing
    Property ID
    US63-5546668
    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.
    Value Estimations
    Cap Rate Potential
    9.1%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Gabel Equipment Corporation / Department Store

    Property Details for 217 Madison Ave

    Year built
    1952
    Lot size
    0.12 lot acres
    Property size
    2,101 SF
    Zone code
    R5 SFR
    Property type
    Warehouses
    APN
    554801 136.56-1-15
    APU
    55480113656115

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $535,000
      6.5%
      $495,000
      7%
      $460,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $765,000
      Current use
      OFFICE BUILDING
      $740,000
      Change: -3% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $700,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Chester
    County
    Westchester
    State
    New York
    Longitude
    -73.6575
    Latitude
    41.0132
    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
    $239,100
    $217,500
    $456,600
    -
    $239,100
    $217,500
    $456,600

    Comparable in this City

    • Value Estimation
      $5,985,000
      48,580 SF

      31 Pearl St

      WAREHOUSE, STORAGE • 48,580 SF
      31 Pearl St, Port Chester, NY 10573-4610
      View Details
    • Value Estimation
      $1,140,000
      7,545 SF

      48 Beech St

      WAREHOUSE, STORAGE • 7,545 SF
      48 Beech St, Port Chester, NY 10573-5002
      View Details
    • Value Estimation
      $11,140,000
      123,454 SF

      351 Main St

      BULK STORAGE, TANKS • 123,454 SF
      351 Main St, Port Chester, NY 10573-3305
      View Details
    • Value Estimation
      $15,680,000
      79,140 SF

      305 Regent St

      WAREHOUSE, STORAGE • 79,140 SF
      305 Regent St, Port Chester, NY 10573-4710
      View Details
    • Value Estimation
      $505,000
      2,656 SF

      425 William St

      WAREHOUSE, STORAGE • 2,656 SF
      425 William St, Port Chester, NY 10573-3500
      View Details
    • Value Estimation
      $1,240,000
      4,860 SF

      52-54 Beech St

      WAREHOUSE, STORAGE • 4,860 SF
      52-54 Beech St, Port Chester, NY 10573
      View Details

    Similar Nearby for Sale

    • $760,000
      Pending

      Freestanding Warehouse in Residential Area

      One-story warehouse with office space in residential neighborhood.
      217 Madison Ave, Portchester, NY 10573
      View Details
    • Contact for pricing
      4,960 SF

      Port Chester Industrial Investment

      4,960 SqFt industrial property with 7.26% CAP rate.
      5 Rollhaus Pl, Portchester, NY 10573
      View Details
    • $69,000

      High-End Salon and Spa

      Upscale salon and spa with established reputation for sale.
      32 N Main St, Portchester, NY 10573
      View Details

    Similar Nearby for Lease

    • Sponsored
      New
      Contact for pricing

      NY, Rye Brook - International Dr

      Discover many ways to work your way in UT, Clearfield - Legend Hills Dr
      4 International Dr Rye Brk, Portchester, NY 10573
      View Details
    • Contact for pricing

      Retail Space Near Waterfront Center

      Newly renovated retail space near shopping and transportation.
      5-50 Westchester Ave, Portchester, NY 10573
      View Details
    • Contact for pricing
      6,000 SF

      Rye Brook Office Space Available

      Office space for rent with convenient parking and location.
      111 S Ridge St, Rye Brook, NY 10573
      View Details
    • Contact for pricing
      1,058 SF

      Class A Office Park

      Six Class A buildings with comprehensive amenities and easy transportation access.
      5 International Dr, Rye Brook, 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
    • $2,000 /Mo

      Renovated Office Space For Rent

      Newly renovated office building with shared conference room, utilities included.
      327 Irving Ave, Portchester, NY 10573
      View Details
    View Listing
    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.
    217 Madison Ave
    Portchester, 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

    Thank You for Inquiry
    217 Madison Ave, Portchester, NY, 10573
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!