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    Property profile & analytics

    406 Center Ave Mamaroneck, NY 10543

    • Investment properties
    • 564 SF
    • 0.08 lot acres
    For Sale
    View listing
    $695,000
    Value Estimation
    Location Intelligence
    Property ID
    US63-2109628
    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.

    Current Use by Public Records

    • Hole In the Wall / Deli

    Property Details for 406 Center Ave

    Year built
    1950
    Lot size
    0.08 lot acres
    Property size
    564 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    553203 8-25-355
    APU
    553203825355

    Description

    This 1,320-square-foot warehouse at 406 Center Ave, Mamaroneck, NY 10543, offers a unique investment opportunity. Located in a bustling downtown area within an M-1 zoned lot, this property presents versatile usage potential. The building itself comprises approximately 816 square feet of net rentable space, featuring dimensions of roughly 14' x 18' plus an additional 12' x 26' irregular section, and includes a basement. The lot, measuring approximately 3,485 square feet (66.84' x 56.10'), provides ample space, including outdoor parking for up to 20 vehicles. The property's strategic location in downtown Mamaroneck ensures high visibility and accessibility, benefiting from the presence of thousands of workers nearby throughout the week. The asking price is $695,000, with a 2024/2025 assessed value of $275,000 and corresponding real estate taxes of $6,272. Section/block/lot is 8/25/355. This property is perfect for a variety of uses, from a workshop or storage facility to an outdoor parking area. Don't miss this chance to acquire a prime piece of commercial real estate in a thriving Westchester County location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $295,000

    • CAP approach

      CAP return
      Estimation
      6%
      $290,000
      6.5%
      $305,000
      7%
      $315,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $295,000
      Geo Method
      $300,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $260,000
      Retail
      $340,000
      Mixed-Use
      $305,000
      Hospitality
      $320,000
      Educational
      $250,000
      Residential Income
      $265,000
      Energy
      $340,000
      Income-Based Land
      $335,000
      Food Service
      $255,000

    Location Insight

    • Map
    • Local Demand
    City
    Mamaroneck
    County
    Westchester
    State
    New York
    Longitude
    -73.7432
    Latitude
    40.9506
    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
    2020
    $0.00
    $160,000
    $115,000
    $275,000
    -
    $160,000
    $115,000
    $275,000

    Comparable in this City

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    • Value Estimation by Request
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      544 Halstead Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,616 SF
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      123 Halstead Ave, Unit 29

      OFFICE/RESIDENTIAL (MIXED USE) • 6,477 SF
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    • Value Estimation by Request
      4,250 SF

      406 Mamaroneck Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,250 SF
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    • Value Estimation by Request
      14,075 SF

      108 Mamaroneck Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 14,075 SF
      108 Mamaroneck Ave, Mamaroneck, NY 10543-3781
      View Details
    • Value Estimation by Request
      6,200 SF

      336 Mamaroneck Ave, Unit 42

      OFFICE/RESIDENTIAL (MIXED USE) • 6,200 SF
      336 Mamaroneck Ave, Mamaroneck, NY 10543-2608
      View Details

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    406 Center Ave
    Mamaroneck, NY 10543
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    Realmo Value Estimation

    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.

    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.

    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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