Property profile

350 Theodore Fremd Ave Rye, NY 10580

OFF-MARKET
Office buildings
Property ID
US63-0117503
34,000 SF 1.8 ac lot Built 1985
Entity Owned 20-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Lorono Plaza offers three available office suites, perfect for a variety of businesses. This Class B building, located minutes from downtown Rye, provides a private and secluded work environment. Suites range from 1,136 to 5,000 contiguous square feet, with a total of four suites in the building. The flexible space is ideal for traditional, medical, or creative office uses. High ceilings and thoughtful design create a productive and comfortable atmosphere. The building is well-suited for firms such as financial, legal, accounting, property management, or engineering/architecture companies. Ample on-site parking is included, ensuring convenient access for tenants and visitors. Its convenient location offers easy access to I-95/Hutchinson Parkway, providing seamless connectivity. A five-minute drive to downtown Rye and proximity to bus routes connecting to Metro-North trains makes commuting to Manhattan or Connecticut effortless. This is an exceptional opportunity to establish your business in a desirable Rye location, enjoying the convenience, comfort, and privacy this office building offers. Minimum divisible space is 1,136 square feet.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Total area 34,000 SF
Lot 1.8 ac (78,408 SF)
Zoning code B1
APN 551400 146-10-1-62-2
UPID US63-0117503

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Home Appliance Store Hardware & Home Improvement
  • Architect
  • Construction Company General Contractor
  • Dental Office

Location

350 Theodore Fremd Ave Rye, NY 10580-1573
Rye metro Census 7500 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.28M
Blend (final) Blend
$3.82M

Owner & transaction history

since 2005
5 recorded transactions
2018
Price N/A
2005
$6.4M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B1 · Rye, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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