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    Property profile & analytics

    33 Main St Elmsford, NY 10523-2446

    • Warehouses
    • 68,000 SF
    • 1.53 lot acres
    OFF-MARKET
    Last Sale
    May 22, 2023
    $42,000,000
    Value Estimations
    $43,620,000
    Show details
    Cap Rate Potential
    2.4%
    Warehouses
    Location Intelligence
    Property ID
    US63-3358734
    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

    • Martell Wayne R / Law Firm
    • Saw Mill Veterinary Care / Veterinary Clinic
    • SecureSpace Self Storage Elmsford / Storage Facility
    • Lexington Center / Medical Clinic

    Property Details for 33 Main St

    Year built
    1970
    Lot size
    1.53 lot acres
    Property size
    68,000 SF
    Property type
    Warehouses
    APN
    552605 5.20-14-3
    APU
    552605520143

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $43,140,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $47,336,000
      Market price range: $11.2M - $47.3M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $35,805,000
      AUTO REPAIR, GARAGE
      $33,930,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Elmsford
    County
    Westchester
    State
    New York
    Longitude
    -73.8237
    Latitude
    41.0573
    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
    $3,074,800
    $24,716,600
    $27,791,400
    -
    $3,074,800
    $24,716,600
    $27,791,400

    Comparable in this City

    • Value Estimation by Request
      0.22 Acres

      106 Central Ave

      WAREHOUSE, STORAGE • 0.22 Acres
      106 Central Ave, Elmsford, NY 10523-3517
      View Details
    • Value Estimation
      $2,445,000
      16,000 SF

      6-8 William St

      WAREHOUSE, STORAGE • 16,000 SF
      6-8 William St, Elmsford, NY 10523
      View Details
    • Value Estimation
      $4,000,000
      31,341 SF

      100 Lamont St

      WAREHOUSE, STORAGE • 31,341 SF
      100 Lamont St, Elmsford, NY 10523-1825
      View Details
    • Value Estimation
      $1,435,000
      12,240 SF

      505 Saw Ml Riv Rd

      WAREHOUSE, STORAGE • 12,240 SF
      505 Saw Ml Riv Rd, Elmsford, NY 10523-1009
      View Details
    • Value Estimation by Request
      196,901 SF

      250 Clearbrook Rd

      WAREHOUSE, STORAGE • 196,901 SF
      250 Clearbrook Rd, Elmsford, NY 10523-1305
      View Details
    • Value Estimation by Request
      0.34 Acres

      Riv St

      WAREHOUSE, STORAGE • 0.34 Acres
      Riv St, Elmsford, NY 10523
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      107,700 SF

      Elmsford Warehouse with Loading Docks

      107,700 SF warehouse with convenient access to major roadways.
      700 Executive Blvd, Elmsford, NY 10523
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      6,352 SF

      New Industrial Building For Sale

      Two-story industrial building with offices and multiple loading bays.
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      11,000 SF

      Elmsford Warehouse/Showroom with Offices

      Warehouse/showroom with offices and dedicated parking in central location.
      61 N Central Ave, Elmsford, NY 10523
      View Details
    • $295,000

      Restaurant Business for Sale

      Confidential restaurant business for sale with lease assumption.
      12 West Main St, White Plains, NY 10523
      View Details
    • $2,900,000
      2.43 Acres

      Elmsford Land For Sale

      2.43 acre land parcel in Elmsford, New York.
      560 Taxter Rd, Elmsford, NY 10523
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    • Contact for pricing
      11,000 SF

      Elmsford Commercial Property For Sale

      Commercial property for sale in Elmsford, NY, totaling 11,000 square feet.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      42,000 SF

      Executive Blvd Warehouse Space For Lease

      Elmsford, NY Warehouse - 10,350 SF Available
      400 Executive Blvd, Elmsford, NY 10523
      View Details
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      6,638 SF

      Elmsford Warehouse Space Available

      6,638 SF warehouse space for lease in Elmsford.
      1 Warehouse Ln, Elmsford, NY 10523
      View Details
    • Contact for pricing
      1,466 SF

      Elmsford Flex Space Available

      Flex space in Elmsford with convenient access to major highways.
      2 Westchester Plz, Elmsford, NY 10523
      View Details
    • Contact for pricing

      Warehouse and Office Space Available

      Second-floor warehouse and office space for rent.
      5 Nepperhan Ave, Greenburgh, NY 10523
      View Details
    • Contact for pricing
      3,570 SF

      Elmsford Flex Space Available

      Flex space with office and warehouse components available for lease.
      175 Clearbrook Rd, Elmsford, NY 10523
      View Details
    • Contact for pricing
      5,980 SF

      Industrial Flex Building For Lease

      5,980 sq ft industrial flex building available for lease.
      59 Nepperhan Ave, Elmsford, NY 10523
      View Details
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    33 Main St
    Elmsford, NY 10523-2446
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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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