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

    303 Mclean Ave Yonkers, NY 10705-4488

    • Investment properties
    • 12,746 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    $1,825,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0515980
    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

    • ariel tattoo arte / Tattoo & Piercing Shop
    • scarred with ink tattoos / Tattoo & Piercing Shop
    • Tatted Ego / Tattoo & Piercing Shop

    Property Details for 303 Mclean Ave

    Year built
    1970
    Lot size
    0.14 lot acres
    Property size
    12,746 SF
    Zone code
    BR
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    551800 1.-48-31.34
    APU
    5518001483134

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,018,000
      Market price range: $1.87M - $5.16M

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

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.8895
    Latitude
    40.9101
    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
    $26,760
    $6,400
    $19,700
    $26,100
    -
    $357,542
    $1,100,559
    $1,458,101

    Comparable in this City

    • Value Estimation
      $1,155,000
      5,760 SF

      245 Broadway

      STORE/OFFICE (MIXED USE) • 5,760 SF
      245 Broadway, Yonkers, NY 10705-1351
      View Details
    • Value Estimation
      $1,025,000
      5,170 SF

      367 Broadway

      STORE/OFFICE (MIXED USE) • 5,170 SF
      367 Broadway, Yonkers, NY 10705-2039
      View Details
    • Value Estimation
      $1,405,000
      5,760 SF

      439 Broadway

      STORE/OFFICE (MIXED USE) • 5,760 SF
      439 Broadway, Yonkers, NY 10705-2338
      View Details
    • Value Estimation
      $1,370,000
      8,400 SF

      211 Mclean Ave

      STORE/OFFICE (MIXED USE) • 8,400 SF
      211 Mclean Ave, Yonkers, NY 10705-4419
      View Details
    • Value Estimation by Request
      780 SF

      407 Riverdale Ave

      STORE/OFFICE (MIXED USE) • 780 SF
      407 Riverdale Ave, Yonkers, NY 10705
      View Details
    • Value Estimation
      $545,000
      2,652 SF

      237 Mclean Ave

      STORE/OFFICE (MIXED USE) • 2,652 SF
      237 Mclean Ave, Yonkers, NY 10705-4419
      View Details

    Similar Nearby for Sale

    • $1,399,000
      Pending

      Yonkers 10-Unit Multifamily Investment

      10-unit multifamily property in Yonkers with significant investment potential.
      70 Saratoga Ave, Yonkers, NY 10705
      View Details
    • $1,800,000
      8,214 SF

      Yonkers Mixed-Use Building For Sale

      Mixed-use building with retail, warehouse, and industrial potential.
      377 Mclean Ave, Yonkers, NY 10705
      View Details
    • $500,000
      12,429 SF

      Riverdale Ave Shopping Center

      Yonkers retail investment opportunity.
      400 Riverdale Ave, Yonkers, NY 10705
      View Details
    • $925,000

      Yonkers Mixed-Use Commercial Property

      Versatile mixed-use property in the heart of Yonkers.
      349 S Broadway, Yonkers, NY 10705
      View Details
    • $1,750,000
      0.06 Acres

      Mixed-Use Building in Yonkers

      Seven-unit building with apartments and retail space for sale.
      153 Mclean Ave, Yonkers, NY 10705
      View Details
    • $245,000

      Yonkers Multifamily Property for Sale

      Multifamily property in Yonkers available for purchase.
      101 Highland Ave, Yonkers, NY 10705
      View Details

    Similar Nearby for Lease

    • $17,000 /Mo
      18,000 SF

      Versatile Warehouse Near Ludlow Station

      18,500+ sq ft warehouse space for lease near Ludlow Train Station.
      158 Ludlow St, Yonkers, NY 10705
      View Details
    • $35 SF/Yr
      4,500 SF

      Yonkers Build-to-Suit Opportunity

      Prime Retail/Office Space Available
      371 Broadway, Yonkers, NY 10705
      View Details
    • Contact for pricing
      1,620 SF

      Yonkers Retail Space: Broadway Gem

      High-traffic retail space, 1620 sq ft.
      359 Broadway, Yonkers, NY 10705
      View Details
    • $37,000

      Yonkers Warehouse Space Available

      25,000+/- SF warehouse space for rent in Yonkers.
      16 Harrison Ave, Yonkers, NY 10705
      View Details
    • New
      $14,000 /Mo
      17,890 SF

      Yonkers Storage Facility For Rent

      18,000 SF storage facility in excellent Yonkers location.
      1 Harrison Ave, Yonkers, NY 10705
      View Details
    • $7,000 /Mo

      Gated Contractor's Yard in Yonkers

      Secure 9,000 sq ft lot for lease in Yonkers.
      127 Ludlow St, Yonkers, NY 10705
      View Details

    Property Visit Statistics

    • Visits by month
      10.9k
    • Visitors by month
      5.9k
    • Avg Time on site
      8 min
    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.
    303 Mclean Ave
    Yonkers, NY 10705-4488
    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.