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Property profile & analytics
FOR LEASE
Showrooms
402 Main St, Armonk, NY 10504
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-0065629
For Lease
1 / 2
$26,445,000
402 Main St, Armonk, NY 10504
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Lot
3.43 ac (149,411 SF)
Zoning code
CB
APN
553800 108.01-6-41
UPID
US63-0065629
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
-
Douglas Elliman Real Estate Office in Armonk, NY Real Estate Agency
-
Dr. Frank R. Leone, DDS Dental Office
-
Leone Dental Group Dental Office
-
Pamela Akin Real Estate Agency
-
Longford’s Ice Cream Armonk Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.45M
Owner & transaction history
Columbia II Armonk Square LLC · 1 yrs held
Columbia II Armonk Square LLC
since 2025
Last sale
$26.3M
7 recorded transactions
Zoning & alternative use
CB · Armonk, 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 Armonk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Armonk 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
$26,835,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$26.45M
Range $23.80M – $29.09M · ±10% · vs last sale $26.25M (Jun 2 2025)
Last sale anchor
$26.25M
Jun 2 2025
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
—
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
$446,000
Assessed 2023
Previous assessed
$446,000
+0.0% YoY
Assessed land
$52,700
Assessed improvement
$393,300
Land market value
$3,193,939
Improvement market value
$23,836,364
Total market value
$27,030,303
Applied tax rate
553,801.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Heating
NONE
Buildings
1
Lot
3.43 ac (149,411 SF)
Zoning code
CB
APN
553800 108.01-6-41
UPID
US63-0065629
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
CB · Armonk, NY
Zoning CB · permitted uses
CB · Armonk, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Armonk. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Buildings
1
Lot
3.43 ac
Current owner
From public records · entity-resolved
Columbia II Armonk Square LLC
Entity
Mailing address
60 MORROW AVE, SCARSDALE, NY 10583-4653
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2025
$26,250,000
Columbia II Armonk Square LLC
Asq LLC
Bargain & Sale Deed
—
Jul 12, 2016
—
Digna Vega
—
Deed
related
$100,000 · People's United Bk
Jul 11, 2013
—
Asq LLC
—
Grant Deed
related
$1,365,657 · Jefferies Loancore
Nov 17, 2011
—
Asq LLC
Az Reservoir LLC
Quit Claim Deed
related
—
Jan 15, 2010
—
Az Reservoir LLC
Az Reservoir LLC
Quit Claim Deed
related
—
Feb 6, 2008
$2,000,000
Poughkeepsie Dev LLC
Antares Armonk Square LLC
Quit Claim Deed
related
—
Feb 6, 2008
$4,000,000
Ez Rentals I LLC
Antares Armonk Square LLC
Quit Claim Deed
related
—
Dec 21, 2005
$6,750,000
Antares Heritage Square LLC
Pembroke Square
Grant Deed
—
Oct 27, 2003
$1,750,000
Investments Florida Plantation
Main Street Squares
Grant Deed
—
—
—
Digna Vega
—
Deed Of Trust
related
$100,000 · People's United Bk
—
—
Asq LLC
—
Deed Of Trust
related
$500,000 · Manufacturers & Traders Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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