Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    515 Nn Ave New Rochelle, NY 10801-3405

    • Parking lots & garages
    • 2.10 lot acres
    OFF-MARKET
    Value Estimations
    $365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4514706
    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

    • New Rochelle Board-Education / School District Office
    • New Rochelle Special Education / School
    • New Rochelle Bureau of Buildings / City Government Office
    • New Rochelle Tax Office / City Tax Office
    • BICI APPRAISALS / Real Estate Appraiser / Estate Appraiser

    Property Details for 515 Nn Ave

    Lot size
    2.10 lot acres
    Property type
    Parking lots & garages
    APN
    551000 3-822-0005
    APU
    55100038220005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $365,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Rochelle
    County
    Westchester
    State
    New York
    Longitude
    -73.7854
    Latitude
    40.9191
    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
    $7,950
    $7,100
    $15,050
    -
    $409,794
    $365,979
    $775,773

    Comparable in this City

    • Value Estimation
      $345,000
      0.39 Acres

      480 Nn Ave

      PARKING LOT • 0.39 Acres
      480 Nn Ave, New Rochelle, NY 10801
      View Details
    • Value Estimation
      $370,000
      0.58 Acres

      92 Nn Ave

      PARKING LOT • 0.58 Acres
      92 Nn Ave, New Rochelle, NY 10801-7413
      View Details
    • Value Estimation
      $335,000
      0.10 Acres

      Bellview Pl

      PARKING GARAGE, PARKING STRUCTURE • 0.10 Acres
      Bellview Pl, New Rochelle, NY 10801
      View Details
    • Value Estimation
      $325,000
      0.13 Acres

      1st St

      PARKING LOT • 0.13 Acres
      1st St, New Rochelle, NY 10801
      View Details
    • Value Estimation
      $320,000
      0.18 Acres

      549 5th Ave

      PARKING GARAGE, PARKING STRUCTURE • 0.18 Acres
      549 5th Ave, New Rochelle, NY 10801-2233
      View Details
    • Value Estimation
      $315,000
      0.12 Acres

      7th St

      PARKING GARAGE, PARKING STRUCTURE • 0.12 Acres
      7th St, New Rochelle, NY 10801
      View Details

    Similar Nearby for Sale

    • $5,950,000

      New Rochelle Mixed-Use Assemblage

      Three contiguous parcels ideal for owner/user or mixed-use development.
      92 North Ave, New Rochelle, NY 10801
      View Details
    • Contact for pricing
      0.75 Acres

      New Rochelle Redevelopment Site

      Prime Downtown Location, Huge Potential
      260 North Ave, New Rochelle, NY 10801
      View Details
    • $1,980,000

      Main Street Mixed-Use Building

      Renovated mixed-use building with residential and commercial units.
      601 Main St, New Rochelle, NY 10801
      View Details
    • Contact for pricing
      24,500 SF

      New Rochelle Multi-Tenant Office Building

      Prime Downtown Location, Fully Renovated
      481 Main St, New Rochelle, NY 10801
      View Details
    • $3,300,000

      Commercial Space with Restaurant/Bar

      8,300 SF commercial space with restaurant/bar and parking.
      112 North Ave, New Rochelle, NY 10801
      View Details
    • $1,500,000
      9,000 SF

      Industrial Property with USDA Manufacturer

      20,908 SF industrial property with showroom and parking.
      30 Grove Ave, New Rochelle, NY 10801
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,785 SF

      New Rochelle Office Building For Rent

      Five-story office building with on-site parking in downtown New Rochelle.
      140 Huguenot St, New Rochelle, NY 10801
      View Details
    • $13,000 /Mo

      New Rochelle Worship Space For Rent

      3,000 SF worship space with parking in New Rochelle.
      135 Remington Pl, New Rochelle, NY 10801
      View Details
    • Contact for pricing
      12,000 SF

      Retail Space Near Transportation Hub

      12,000 SF retail space with accessible location and basement.
      562-566 Main St, New Rochelle, NY 10801
      View Details
    • Contact for pricing
      4,269 SF

      Main Street Retail and Office

      Retail and office space for lease in New Rochelle.
      482 Main St, New Rochelle, NY 10801
      View Details
    • Contact for pricing
      2,074 SF

      Retail Space in Luxury Building

      Retail space available at the base of a luxury building.
      247 North Ave, New Rochelle, NY 10801
      View Details
    • Contact for pricing
      75,000 SF

      Prime New Rochelle Retail Space

      7,500 SF Available, High Traffic
      200 Petersville Rd, New Rochelle, NY 10801
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    515 Nn Ave
    New Rochelle, NY 10801-3405
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.