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Property profile & analytics
OFF-MARKET
Estimated value
$13,000,000
Showrooms
46 Pkwy Parkway, Scarsdale, NY 10583-4109
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-2267896
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2003
Total area
15,804 SF
Lot
0.18 ac (7,841 SF)
Zoning code
VCR-2
APN
555001 02.05.3
UPID
US63-2267896
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
$13.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.00M
Owner & transaction history
Parkway Spencer Building LLC · 2 yrs held
Parkway Spencer Building LLC
since 2024
Last sale
$13.0M
3 recorded transactions
Zoning & alternative use
VCR-2 · Scarsdale, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.3M
+48.3%
Auto repair, garage
$7.9M
+40.6%
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 Scarsdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Scarsdale 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
$13,000,000
ML approach
$13,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$8,320,000
Change: +48% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,885,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$13.00M
Range $11.70M – $14.30M · ±10% · vs last sale $13.00M (Apr 12 2024)
Last sale anchor
$13.00M
Apr 12 2024
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
$823 / 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
$6,500,000
Assessed 2023
Previous assessed
$6,500,000
+0.0% YoY
Assessed land
$2,600,000
Assessed improvement
$3,900,000
Land market value
$3,401,361
Improvement market value
$5,102,041
Total market value
$8,503,402
Applied tax rate
555,001.0000
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
Off-Market
Year built
2003
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
2
Total area
15,804 SF
Lot
0.18 ac (7,841 SF)
Zoning code
VCR-2
APN
555001 02.05.3
UPID
US63-2267896
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
VCR-2 · Scarsdale, NY
Zoning VCR-2 · permitted uses
VCR-2 · Scarsdale, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Scarsdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$7.9M
RESTAURANT
AUTO REPAIR, GARAGE
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
2003
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Parkway Spencer Building LLC
Entity
Free & Clear · 2 yrs held
Mailing address
14 HARWOOD CT STE #300, SCARSDALE, NY 10583-4120
Ownership since
2024
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
Apr 12, 2024
$13,000,000
Parkway Spencer Building LLC
Spencer East Realty LLC
Bargain And Sale Deed
—
Feb 13, 2020
$12,000,000
Spencer East Realty LLC
P & G Realty LLC
Bargain And Sale Deed
—
—
—
P & G Realty LLC
—
Deed Of Trust
related
$200,000 · Stamford Bank & 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.
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