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Property profile & analytics
FOR LEASE
Office buildings
45 Knollwood Rd, Elmsford, NY 10523
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-2587781
For Lease
1 / 15
$7,535,000
45 Knollwood Rd, Elmsford, NY 10523
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Property summary
AI-generated overview
This exceptional five-story office building at 45 Knollwood Road in Elmsford, New York, offers a variety of leasing opportunities. The property boasts a total of 16,288 square feet, with five individual suites available for lease. Spaces range from a minimum of 653 square feet to a maximum contiguous space of 1,998 square feet, providing flexibility for businesses of various sizes. Currently, 6,647 square feet is vacant and ready for immediate occupancy. The building is classified as both Traditional and Executive Office space, catering to a diverse range of professional needs. Conveniently located in Westchester County, the property features ample parking to accommodate tenants and their clients. The building is equipped with elevators for easy access to all five floors. The property's address is 45 Knollwood Road, Elmsford, NY 10523. This is a multi-tenant building offering a range of options for businesses seeking a well-maintained and conveniently located office space in a desirable Westchester County location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Total area
50,000 SF
Lot
1.49 ac (64,904 SF)
Zoning code
LO
APN
552605 5.90-124-3
UPID
US63-2587781
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
-
Franchise Contractors Construction Company General Contractor
-
World Wide Electronics and Comfort, Inc Electronics & Wireless Store
-
FedEx Drop Box Postal Service Courier Service
-
Top Integrated Medgroup Medical Group
-
The Wimbish House Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.54M
Owner & transaction history
Frem Group LLC · 20 yrs held
Frem Group LLC
since 2006
3 recorded transactions
Zoning & alternative use
LO · Elmsford, 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 Elmsford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elmsford 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$151 / 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
$6,082,300
Assessed 2023
Previous assessed
$6,082,300
+0.0% YoY
Assessed land
$1,980,400
Assessed improvement
$4,101,900
Land market value
$1,980,400
Improvement market value
$4,101,900
Total market value
$6,082,300
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1982
Heating
NONE
Stories
5
Bathrooms
1
Total area
50,000 SF
Lot
1.49 ac (64,904 SF)
Zoning code
LO
APN
552605 5.90-124-3
UPID
US63-2587781
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
LO · Elmsford, NY
Zoning LO · permitted uses
LO · Elmsford, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elmsford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1982
Heating
NONE
Stories
5
Bathrooms
1
Lot
1.49 ac
Current owner
From public records · entity-resolved
Frem Group LLC
Entity
Free & Clear · 20 yrs held
Mailing address
2420 N FRST RD, GETZVILLE, NY 14068-1224
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
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
Jul 6, 2006
—
Frem Group LLC
Frem Group
Quit Claim Deed
related
—
—
—
Frem Group LLC
—
Loan Modification
related
$1,557,390 · Miscellaneous Ins Co
—
—
Frem Group LLC
—
Loan Modification
related
$247,369 · Miscellaneous Ins Co
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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