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Property profile & analytics
OFF-MARKET
Estimated value
$4,345,000
Office buildings
4 Cromwell Pl White Plains, NY 10601-5006
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-6278795
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1925
Total area
12,687 SF
Lot
0.17 ac (7,405 SF)
APN
551700 130.27-4-2.1
UPID
US63-6278795
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Michael A. Caruso, D.D.S. Dental Office
-
Westchester Implant & Oral Surgery Group Dental Office
-
Dr. Jeffrey I. Stein, DDS Dental Office
-
Mary Travis, PhD Physician Medical Clinic
-
Stein & Caruso Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.37M
CAP Approach
CAP
$3.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.35M
Owner & transaction history
Mdm Land Companyn Of Ny LLC · 2 yrs held
Mdm Land Companyn Of Ny LLC
since 2023
Last sale
$4.3M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.7M
+122.0%
Auto repair, garage
$6.3M
+110.4%
Commercial (general)
$5.3M
+75.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs White Plains submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs White Plains submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,415,000
ML approach
$4,370,000
CAP Approach
CAP Return
Estimation
6%
$3,455,000
6.5%
$3,190,000
7%
$2,960,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,010,000
Current use
RESTAURANT
$6,680,000
Change: +122% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,330,000
Change: +110% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,290,000
Change: +76% · Conversion: Easy
WAREHOUSE, STORAGE
$4,610,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$4.35M
Range $3.91M – $4.78M · ±10% · vs last sale $4.30M (Nov 6 2023)
Last sale anchor
$4.30M
Nov 6 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$342 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Assessed value
$42,400
Assessed 2023
Previous assessed
$42,400
+0.0% YoY
Assessed land
$17,900
Assessed improvement
$24,500
Land market value
$748,954
Improvement market value
$1,025,105
Total market value
$1,774,059
Applied tax rate
551,700.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1925
Heating
NONE
Buildings
1
Stories
2
Total area
12,687 SF
Lot
0.17 ac (7,405 SF)
APN
551700 130.27-4-2.1
UPID
US63-6278795
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.0M
RESTAURANT
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$5.3M
WAREHOUSE, STORAGE
Est. value
$4.6M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1925
Heating
NONE
Stories
2
Buildings
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Mdm Land Companyn Of Ny LLC
Entity
Mailing address
4 CROMWELL PL, WHITE PLAINS, NY 10601-5006
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2023
$4,300,000
Mdm Land Companyn Of Ny LLC
4 Cromwell Place LLC
Bargain And Sale Deed
$3,440,000 · Primis Bank
Jan 5, 2010
$1,700,000
4 Cromwell Place LLC
White Plains Urban Renewal Agency
Bargain And Sale Deed
—
Jul 27, 2007
$2,900,000
Plains Urban Renewal Agc White
Legal Services Of Hudson Valley
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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