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

    324 S Columbus Ave Mt Vernon, NY 10553

    • Investment properties
    • 0.16 lot acres
    For Sale
    View listing
    $1,250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6198257
    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

    • ATM / Atm

    Property Details for 324 S Columbus Ave

    Lot size
    0.16 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    550800 169.25-4055-9
    APU
    5508001692540559

    Description

    This exceptional commercial property, located on Columbus Avenue, offers a unique blend of retail and office space. The single-story, 6,965 square foot building, constructed in 1978 and renovated the same year, features four suites in total. Currently, 1,700 square feet are vacant, presenting a fantastic opportunity for a new tenant. The building is zoned for business use and boasts a prominent first-floor glass storefront with excellent visibility, ideal for attracting customers. The property's strategic location across from Graham Elementary School ensures high foot traffic and visibility. The existing tenant operates a deli, creating a built-in customer base and synergistic opportunity. Beyond the main floor, the property includes a full basement, perfect for storage, and a sizable backyard, offering additional space for outdoor activities or potential expansion. The property's Assessed Parcel Number (APN) is 0800-169-025-04055-000-0009. This is a rare opportunity to acquire a well-located, versatile commercial space with significant potential. The property's existing infrastructure and convenient location make it an attractive investment for a variety of businesses. Don't miss this chance to secure a prime location on Columbus Avenue.

    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
    Mount Vernon
    County
    Westchester
    State
    New York
    Longitude
    -73.8212
    Latitude
    40.9056
    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
    $10,500
    $4,500
    $15,000
    -
    $614,035
    $263,158
    $877,193

    Comparable in this City

    • Value Estimation by Request
      0.22 Acres

      30 Lorraine Ave

      STORE/OFFICE (MIXED USE) • 0.22 Acres
      30 Lorraine Ave, Mount Vernon, NY 10553-1249
      View Details
    • Value Estimation by Request
      0.12 Acres

      323 Washington St

      STORE/OFFICE (MIXED USE) • 0.12 Acres
      323 Washington St, Mount Vernon, NY 10553-1015
      View Details
    • Value Estimation by Request
      0.24 Acres

      301 Fulton Ave

      STORE/OFFICE (MIXED USE) • 0.24 Acres
      301 Fulton Ave, Mount Vernon, NY 10553-1715
      View Details
    • Value Estimation by Request
      0.15 Acres

      425 3rd St

      STORE/OFFICE (MIXED USE) • 0.15 Acres
      425 3rd St, Mount Vernon, NY 10553-5125
      View Details
    • Value Estimation
      $4,975,000
      0.48 Acres

      521 3rd St

      STORE/OFFICE (MIXED USE) • 0.48 Acres
      521 3rd St, Mount Vernon, NY 10553-1606
      View Details
    • Value Estimation by Request
      0.12 Acres

      2 Columbus Ave

      STORE/OFFICE (MIXED USE) • 0.12 Acres
      2 Columbus Ave, Mount Vernon, NY 10553-1012
      View Details

    Similar Nearby for Sale

    • $3,650,000
      8,000 SF

      Prime Mt. Vernon Investment Property

      8,000 SF Flex Space, High Cap Rate
      271 3Rd St, Mount Vernon, NY 10553
      View Details
    • $499,000

      Mixed-Use Building in Mount Vernon

      Mixed-use building with commercial space and residential apartment.
      299 E 3Rd St, Mount Vernon, NY 10553
      View Details
    • $325,000
      Pending

      Mount Vernon Triplex: Cash Only

      Triplex in Mount Vernon requiring extensive renovations, cash offers only.
      279 Bedford Ave, Mount Vernon, NY 10553
      View Details
    • $950,000

      High-Income Multi-Family Investment Opportunity

      Three-unit property with strong rental income in a desirable location.
      421 S Columbus Ave, Mount Vernon, NY 10553
      View Details
    • $225,000

      Mount Vernon Multifamily Property

      Multifamily property for sale in Mount Vernon, NY.
      590 E 3Rd St, Mount Vernon, NY 10553
      View Details
    • $947,000
      Pending

      Modern Move-In Ready Two-Family Home

      Two-family home with modern design and financial incentives.
      27 Dell Ave, Mount Vernon, NY 10553
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      22,250 SF

      Mount Vernon Warehouse For Lease

      22,250 SF Industrial Space Available
      315 3Rd St, Mount Vernon, NY 10553
      View Details
    • $3,400 /Mo

      Renovated Home in Mount Vernon

      Three-bedroom, one-bathroom renovated home in Mount Vernon, New York.
      5 Vernon Ave, Mount Vernon, NY 10553
      View Details
    • $3,200 /Mo

      Mount Vernon Multifamily Rental

      Multifamily property for rent in Mount Vernon, NY.
      75 Farrell Ave, Mount Vernon, NY 10553
      View Details
    • $2,700 /Mo

      Mount Vernon Multifamily Rental

      Multifamily property for rent in Mount Vernon, NY.
      171 Beechwood Ave, Mount Vernon, NY 10553
      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.
    324 S Columbus Ave
    Mt Vernon, NY 10553
    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.