Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    329 Waverly Ave Mamaroneck, NY 10543
    Back to Search
    Property profile & analytics

    329 Waverly Ave Mamaroneck, NY 10543

    View on Map
    • Warehouses
    • 8,798 SF
    • 0.19 lot acres
    Off-Market
    Property ID
    US63-0053047
    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
    $1,425,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 329 Waverly Ave

    Year built
    1970
    Lot size
    0.19 lot acres
    Property size
    8,798 SF
    Property type
    Warehouses
    APN
    553203 8-24-150
    APU
    553203824150

    Description

    This exceptional 8,798-square-foot warehouse in Mamaroneck, NY, presents a compelling investment opportunity. Located at 329 Waverly Ave, this single-story, 1970-built structure sits on a lot extending from Waverly Avenue to Centre Avenue. The property boasts M-1 manufacturing zoning, offering versatility for various uses. Features include ceiling heights ranging from 12 to 16 feet and two overhead drive-in doors, with the potential for a third. The asking price is $1,825,000, translating to $207.43 per square foot. 2022 property taxes were $18,077. Its prime location provides easy access to major highways I-95 and 287, and proximity to Metro North. An adjacent 12,000-square-foot parcel at 311 Waverly Avenue is available for potential expansion, offering additional parking possibilities. This property is vacant and ready for immediate occupancy or redevelopment. The building's street-to-street positioning maximizes its potential. This is an ideal property for those seeking a well-located industrial space or a redevelopment project in a thriving Westchester County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mamaroneck
    County
    Westchester
    State
    New York
    Longitude
    -73.7423
    Latitude
    40.9511
    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
    $260,000
    $700,000
    $960,000
    -
    $260,000
    $700,000
    $960,000

    Comparable in this City

    • Value Estimation
      $1,245,000
      6,716 SF

      619 Ctr Ave

      WAREHOUSE, STORAGE • 6,716 SF
      619 Ctr Ave, Mamaroneck, NY 10543-2207
      View Details
    • Value Estimation
      $4,260,000
      31,100 SF

      620 Fayette Ave

      WAREHOUSE, STORAGE • 31,100 SF
      620 Fayette Ave, Mamaroneck, NY 10543-2241
      View Details
    • Value Estimation by Request
      3,391 SF

      560 Fenimore Rd

      BULK STORAGE, TANKS • 3,391 SF
      560 Fenimore Rd, Mamaroneck, NY 10543-2320
      View Details
    • Value Estimation
      $4,130,000
      30,866 SF

      420 Railroad Way

      WAREHOUSE, STORAGE • 30,866 SF
      420 Railroad Way, Mamaroneck, NY 10543-2257
      View Details
    • Value Estimation
      $610,000
      4,020 SF

      604 Waverly Ave

      WAREHOUSE, STORAGE • 4,020 SF
      604 Waverly Ave, Mamaroneck, NY 10543-2260
      View Details
    • Value Estimation
      $1,410,000
      7,591 SF

      523 Waverly Ave

      WAREHOUSE, STORAGE • 7,591 SF
      523 Waverly Ave, Mamaroneck, NY 10543-2235
      View Details

    Similar Nearby for Sale

    • $1,050,000
      4,600 SF

      Mamaroneck Flex/Industrial Property For Sale

      Flex/Industrial property featuring 4,600 SF of versatile space.
      603 Fayette Ave, Mamaroneck, NY 10543
      View Details
    • Contact for pricing
      8,000 SF

      Freestanding Industrial Property For Rent

      Pristine industrial space with freezers, refrigeration, and updated features.
      432-436 Waverly Ave, Mamaroneck, NY 10543
      View Details
    • Contact for pricing
      816 SF

      Mamaroneck Industrial Zone Property

      Located in downtown Mamaroneck, ideal for workshop or parking.
      406 Center Ave, Mamaroneck, NY 10543
      View Details
    • $1,900,000
      6,085 SF

      Mamaroneck Retail Investment Opportunity

      High-yield retail building, development potential.
      360 Mount Pleasant Ave, Mamaroneck, NY 10543
      View Details
    • $1,198,800

      Mamaroneck Mixed-Use Development Opportunity

      Investment property near Metro North with redevelopment potential.
      423 Halstead Ave, Mamaroneck, NY 10543
      View Details
    • $4,000,000

      Mixed-Use Development Opportunity Near Station

      0.6-acre assemblage for mixed-use development near Mamaroneck train station.
      313-333 Halstead Ave, Mamaroneck, NY 10543
      View Details

    Similar Nearby for Lease

    • New
      $3,700 /Mo
      6,098 SF

      Mamaroneck Commercial Flex Space Available

      Flex space ideal for contractors near Route 95.
      360 Mount Pleasant Ave, Mamaroneck, NY 10543
      View Details
    • $6,000 /Mo

      Mamaroneck Commercial Space For Lease

      Versatile commercial space in Mamaroneck, near transportation and amenities.
      328 Northrup Ave, Mamaroneck, NY 10543
      View Details
    • $6,000 /Mo

      Mamaroneck Commercial Space For Lease

      Versatile commercial space in Mamaroneck, near train, shops.
      328 Northrup Ave, Mamaroneck, NY 10543
      View Details
    • Contact for pricing

      Mamaroneck Flex Space with Parking

      13,400 SF flex building with parking in Mamaroneck.
      524 Waverly Ave, Mamaroneck, NY 10543
      View Details
    • $15 SF/Yr

      Basement Storage in Downtown Mamaroneck

      Basement storage space near Mamaroneck Train Station.
      313 Halstead Ave, Mamaroneck, NY 10543
      View Details
    • $3,700 /Mo

      Mamaroneck Flex Space Available

      Flex space ideal for contractors, close to Route 95.
      360 Mount Pleasant Ave E, Mamaroneck, NY 10543
      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.
    329 Waverly Ave
    Mamaroneck, NY 10543
    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
    329 Waverly Ave, Mamaroneck, NY, 10543
    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!