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

    218 Harrison Ave Harrison, NY 10528-4348

    • Showrooms
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0589406
    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

    • AAccess.net Computer Center Harrison, NY / Computer & Electronic Repair
    • Harrison House of Taylor’s / (Bike/Boat/Book/etc) Store
    • TriState Wildlife / Garden Center

    Property Details for 218 Harrison Ave

    Lot size
    0.11 lot acres
    Property type
    Showrooms
    APN
    552801 0131.-41
    APU
    552801013141

    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
    Harrison
    County
    Westchester
    State
    New York
    Longitude
    -73.7129
    Latitude
    40.9681
    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
    $5,950
    $10,990
    $16,940
    -
    $508,547
    $939,316
    $1,447,863

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      222 Harrison Ave

      SHOW ROOM, WAREHOUSE • 0.11 Acres
      222 Harrison Ave, Harrison, NY 10528-4302
      View Details
    • Value Estimation by Request
      0.05 Acres

      251-253 Halstead Ave

      SHOW ROOM, WAREHOUSE • 0.05 Acres
      251-253 Halstead Ave, Harrison, NY 10528
      View Details
    • Value Estimation by Request
      0.28 Acres

      115 Halstead Ave

      SHOW ROOM, WAREHOUSE • 0.28 Acres
      115 Halstead Ave, Harrison, NY 10528-4159
      View Details
    • Value Estimation by Request
      2,473 SF

      321 Halstead Ave

      SHOW ROOM, WAREHOUSE • 2,473 SF
      321 Halstead Ave, Harrison, NY 10528-3749
      View Details
    • Value Estimation by Request
      1,182 SF

      59 Purdy St

      SHOW ROOM, WAREHOUSE • 1,182 SF
      59 Purdy St, Harrison, NY 10528-3705
      View Details
    • Value Estimation by Request
      0.06 Acres

      295 Halstead Ave

      SHOW ROOM, WAREHOUSE • 0.06 Acres
      295 Halstead Ave, Harrison, NY 10528-3788
      View Details

    Similar Nearby for Sale

    • $250,000

      Ground-Level Unit with Outdoor Space

      Charming 2-bedroom unit with modern kitchen and outdoor space.
      50 West St, Harrison, NY 10528
      View Details
    • $3,750,000

      Harrison Multifamily Investment Opportunity

      15-unit multifamily property in Harrison, NY, near train and downtown.
      26 Purdy St, Harrison, NY 10528
      View Details
    • Contact for pricing

      Multi-Family Home Near Metro North

      Two 3-bedroom units near train, ideal for investors.
      115 Calvert St, Harrison, NY 10528
      View Details
    • $1,595,000

      Harrison Specialty Property For Sale

      Specialty property available for purchase in Harrison, New York.
      161 Adelphi Ave, Harrison, NY 10528
      View Details
    • Contact for pricing
      10,500 SF

      Harrison Multifamily Investment Opportunity

      16-Unit Apartment Building, Prime Location
      110 Halstead Ave, Harrison, NY 10528
      View Details
    • $349,000

      Renovated Apartment with Private Balcony

      Move-in ready apartment near transportation, shopping, dining, and entertainment.
      480 Halstead Ave, Harrison, NY 10528
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,200 SF

      New Retail Space Near Metro

      New retail space near Metro North Railroad station entrance.
      310 Halstead Ave, Harrison, NY 10528
      View Details
    • $7,500 /Mo

      Halstead Avenue Retail Space Available

      Commercial property for lease in high-traffic Harrison location.
      58 Halstead Ave, Harrison, NY 10528
      View Details
    • Contact for pricing
      615 SF

      Retail Space in Harrison, NY

      Retail space available for lease in Harrison, New York.
      33-35 Calvert St, Harrison, NY 10528
      View Details
    • Contact for pricing
      1,266 SF

      Retail Space Near Train Station

      Centrally located retail space near Harrison Metro North Train Station.
      341-385 Halstead Ave, Harrison, NY 10528
      View Details
    • $7,500 /Mo

      Halstead Avenue Commercial Space Available

      Commercial property for lease in high-traffic Harrison location.
      58 Halstead Ave, Harrison, NY 10528
      View Details
    • $1,000 /Mo

      Furnished Office Space in Harrison

      Elegantly furnished office space with amenities and convenient transportation access.
      500 Mamaroneck Ave, Harrison, NY 10528
      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.
    218 Harrison Ave
    Harrison, NY 10528-4348
    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.