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Property profile & analytics
OFF-MARKET
Estimated value
$6,290,000
Warehouses
40 Washington Ave, White Plains, NY 10603-2710
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-2210656
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Total area
1,712 SF
Lot
3.54 ac (154,202 SF)
Zoning code
LI
APN
552689 7.410-221-24
UPID
US63-2210656
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.29M
Owner & transaction history
Verizon New York INC · 3 yrs held
Verizon New York INC
since 2022
Last sale
$6.3M
7 recorded transactions
Zoning & alternative use
LI · White Plains, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$8,795,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.29M
Range $5.66M – $6.92M · ±10% · vs last sale $6.25M (Nov 1 2022)
Last sale anchor
$6.25M
Nov 1 2022
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
$3,674 / 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
$5,865,300
Assessed 2023
Previous assessed
$4,307,300
+36.2% YoY
Assessed land
$3,112,000
Assessed improvement
$2,753,300
Land market value
$3,112,000
Improvement market value
$2,753,300
Total market value
$5,865,300
Applied tax rate
552,607.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Heating
NONE
Stories
2
Bathrooms
3
Total area
1,712 SF
Lot
3.54 ac (154,202 SF)
Zoning code
LI
APN
552689 7.410-221-24
UPID
US63-2210656
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
LI · White Plains, NY
Zoning LI · permitted uses
LI · White Plains, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
White Plains. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Stories
2
Bathrooms
3
Lot
3.54 ac
Current owner
From public records · entity-resolved
Verizon New York INC
Entity
Free & Clear · 3 yrs held
Mailing address
7701 E TELECOM PKWY, TEMPLE TERRACE, FL 33637-0914
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2022
$6,250,000
Verizon New York INC
Mount Vernon Trap Rock Corporation
Deed
—
Nov 9, 2016
—
Mount Vernon Trap Rock Corp
—
Loan Modification
related
$8,917,500 · Orange Bk&tr Co
Feb 27, 2013
—
Mount Vernon Trap Rock Corp
—
Deed Of Trust
related
$2,200,000 · Atalaya Special Opportunities
Oct 12, 2004
$615,000
Jin Yang
Raspler Fine Hms Hartsdale LLC
Grant Deed
$461,250 · Washington Mutual Fsb
—
—
Mount Vernon Trap Rock Corp
—
Deed Of Trust
related
$700,000 · Atalaya Special Opportunities
—
—
Mount Vernon Trap Rock Corp
—
Deed Of Trust
related
$950,000 · Atalaya Special Opportunities
—
—
Jin Yang
—
Deed Of Trust
related
$100,772 · Wells Fargo Bank
—
—
Jin Yang
—
Deed Of Trust
related
$94,000 · National City Bank
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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