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    340 Baychester Ave Bronx, NY 10475

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    340 Baychester Ave Bronx, NY 10475

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    • Super regional malls
    • 73,750 SF
    • 4.59 lot acres
    For Lease
    $750,000
    View Listing →
    Large Retail Space in Bronx For Lease
    $750,000
    2,909 SF

    Large Retail Space in Bronx

    Retail space available in a large, successful shopping center.

    340 Baychester Ave, Bronx, NY
    View Listing
    Property ID
    US63-3103327
    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
    $750,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Panera Bread / Cafe & Coffee Shop
    • FedEx Drop Box / Postal Service / Courier Service
    • Feel Beauty Supply / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • UPS Alliance Shipping Partner / Courier Service / Postal Service
    • Nike Unite - North Bronx / Clothing Store / Sporting Goods Store

    Property Details for 340 Baychester Ave

    Year built
    1999
    Lot size
    4.59 lot acres
    Property size
    73,750 SF
    Zone code
    C4-3
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    05141-0035
    APU
    51410035

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $650,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $849,000
      Market price range: $117k - $850k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $620,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bronx
    County
    Bronx
    State
    New York
    Longitude
    -73.8286
    Latitude
    40.8675
    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
    2024
    $675,570
    $1,800,000
    $8,400,501
    $10,200,501
    -
    $4,000,000
    $17,840,000
    $21,840,000

    Comparable in this City

    • Value Estimation
      $5,150,000
      537,208 SF

      200 Baychester Ave

      REGIONAL SHOPPING CENTER, MALL • 537,208 SF
      200 Baychester Ave, Bronx, NY 10475-4580
      View Details
    • Value Estimation
      $1,455,000
      537,765 SF

      99 Dreiser Loop

      REGIONAL SHOPPING CENTER, MALL • 537,765 SF
      99 Dreiser Loop, Bronx, NY 10475
      View Details
    • Value Estimation
      $1,090,000
      159,856 SF

      250 Baychester Ave

      REGIONAL SHOPPING CENTER, MALL • 159,856 SF
      250 Baychester Ave, Bronx, NY 10475-4575
      View Details
    • Value Estimation
      $1,340,000
      435,020 SF

      121 Einstein Loop

      REGIONAL SHOPPING CENTER, MALL • 435,020 SF
      121 Einstein Loop, Bronx, NY 10475-4902
      View Details
    • Value Estimation
      $3,400,000
      545,388 SF

      2100 Bartow Ave

      REGIONAL SHOPPING CENTER, MALL • 545,388 SF
      2100 Bartow Ave, Bronx, NY 10475-4614
      View Details
    • Value Estimation by Request
      17,775 SF

      675-691 Co-Op City Blvd

      Lifestyle centers • 17,775 SF
      675-691 Co-Op City Blvd, The Bronx, NY 10475
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Eastchester Bronx Cooperative Units Package

      Package of 32 occupied cooperative units in Eastchester, Bronx.
      3410 De Reimer Ave, Bronx, NY 10475
      View Details
    • $814,999

      Well-Maintained Two-Family Home

      Two-family home with income potential and private outdoor space.
      2531 Hollers Ave, Bronx, NY 10475
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    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Large Retail Space in Bronx

      Extensive retail space in a successful NYC shopping center.
      308 Baychester Ave, Bronx, NY 10475
      View Details
    • Contact for pricing
      9,600 SF

      Large Retail Space in Bronx

      Prime retail space in a successful shopping center.
      356 Baychester Ave, Bronx, NY 10475
      View Details
    • Contact for pricing
      2,909 SF

      Large Retail Space in Bronx

      Retail space available in a large, successful shopping center.
      340 Baychester Ave, Bronx, NY 10475
      View Details
    • Contact for pricing
      3,050 SF

      Retail Space in Shopping Center

      Retail space available in a shopping center.
      2100-2276 Bartow Ave, Bronx, NY 10475
      View Details
    • Contact for pricing

      Prime Retail Space Available

      Retail space in a large, successful shopping center.
      2100 Bartow Ave, Bronx, NY 10475
      View Details
    • Contact for pricing
      25,168 SF

      Retail Space in Shopping Center

      Retail space available within a large shopping center complex.
      290 Baychester Ave, Bronx, NY 10475
      View Details
    View Listing
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    Bronx, NY 10475
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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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    340 Baychester Ave, Bronx, NY, 10475

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