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

    2248 Central Park Ave Yonkers, NY 10710-1423

    • Strip malls
    • 21,520 SF
    • 2.40 lot acres
    OFF-MARKET
    Value Estimations
    $915,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3080777
    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

    • Dunkin' / Breakfast Restaurant / Donut Shop
    • Baskin-Robbins / Cake Shop / Dessert Shop

    Property Details for 2248 Central Park Ave

    Year built
    1980
    Lot size
    2.40 lot acres
    Property size
    21,520 SF
    Zone code
    BR
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    551800 4.-4800-60
    APU
    5518004480060

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $930,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $904,000
      Market price range: $310k - $905k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $635,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.8326
    Latitude
    40.975
    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
    $218,102
    $150,000
    $66,000
    $216,000
    -
    $8,379,888
    $3,687,151
    $12,067,039

    Comparable in this City

    • Value Estimation
      $1,520,000
      62,044 SF

      1789 Central Park Ave

      SHOPPING CENTER, STRIP CENTER • 62,044 SF
      1789 Central Park Ave, Yonkers, NY 10710-2839
      View Details
    • Value Estimation
      $1,590,000
      53,154 SF

      2349 Central Park Ave

      SHOPPING CENTER, STRIP CENTER • 53,154 SF
      2349 Central Park Ave, Yonkers, NY 10710-1215
      View Details
    • Value Estimation
      $850,000
      20,310 SF

      2255 Central Park Ave

      SHOPPING CENTER, STRIP CENTER • 20,310 SF
      2255 Central Park Ave, Yonkers, NY 10710
      View Details
    • Value Estimation
      $770,000
      4,050 SF

      38 Tuckahoe Rd

      SHOPPING CENTER, STRIP CENTER • 4,050 SF
      38 Tuckahoe Rd, Yonkers, NY 10710-5320
      View Details
    • Value Estimation
      $815,000
      21,750 SF

      1809 Central Park Ave

      SHOPPING CENTER, STRIP CENTER • 21,750 SF
      1809 Central Park Ave, Yonkers, NY 10710-2828
      View Details
    • Value Estimation
      $905,000
      17,500 SF

      2542 Central Park Ave

      SHOPPING CENTER, STRIP CENTER • 17,500 SF
      2542 Central Park Ave, Yonkers, NY 10710-1112
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,553 SF

      Yonkers Restaurant & Bar Sale

      Established Bar/Restaurant, High Potential
      1275 Saw Mill River Rd, Yonkers, NY 10710
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      16,553 SF

      Yonkers Retail Property Available

      Retail property in Yonkers, New York, with significant local population.
      1271 Saw Mill River Rd, Yonkers, NY 10710
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    • $125,000

      Established Laundromat Business Opportunity

      Profitable laundromat with growth potential in high-traffic location.
      1688 Central Park Ave, Yonkers, NY 10710
      View Details
    • New
      $1,050,000
      0.15 Acres

      Yonkers Commercial Building on Central Park

      Vacant corner commercial building with high visibility and parking.
      2132 Central Park Ave, Yonkers, NY 10710
      View Details
    • $749,000
      Pending

      Two-Family Home with Storefront

      Two-family home with attached store near Saw Mill River Pkwy.
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      9,492 SF

      Yonkers Industrial Building - Great Visibility

      High-Visibility Industrial Space, Excellent Location
      590 Tuckahoe Rd, Yonkers, NY 10710
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      17,507 SF

      Yonkers Retail Space For Lease

      135,086 SF shopping center in Westchester County, NY.
      2630 Central Park Ave, Yonkers, NY 10710
      View Details
    • Contact for pricing
      8,000 SF

      Yonkers Retail Space For Lease

      8,000 SF Retail Space in Yonkers, NY
      2350 Central Park Ave, Yonkers, NY 10710
      View Details
    • Contact for pricing
      3,100 SF

      Yonkers Retail Space For Rent

      145,703 SF shopping center with high visibility.
      2564 Central Park Ave, Yonkers, NY 10710
      View Details
    • Contact for pricing
      1,875 SF

      Retail Space in Busy Center

      Retail storefronts available in highly trafficked shopping center.
      1759-1777 Central Park Ave, Yonkers, NY 10710
      View Details
    • Contact for pricing
      1,875 SF

      Retail Space in Yonkers Center

      Highly trafficked shopping center with storefronts available for rent.
      1779-1811 Central Park Ave, Yonkers, NY 10710
      View Details
    • Contact for pricing
      1,300 SF

      Yonkers Gateway Center Retail Space

      Premier regional shopping center in Yonkers, NY for lease.
      2500-2540 Central Park Ave, Yonkers, NY 10710
      View Details
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    2248 Central Park Ave
    Yonkers, NY 10710-1423
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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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