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    Property profile & analytics

    520 Fenimore Rd Mamaroneck, NY 10543-2313

    • Warehouses
    • 15,563 SF
    • 0.80 lot acres
    OFF-MARKET
    Last Sale
    Sep 18, 2024
    $2,234,201
    Value Estimations
    $2,235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2700281
    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

    • Motif Designs Inc / Interior Design / Home Decor Store
    • LYN PETERSON DESIGN / Interior Design / Home Decor Store

    Property Details for 520 Fenimore Rd

    Year built
    1950
    Lot size
    0.80 lot acres
    Property size
    15,563 SF
    Property type
    Warehouses
    APN
    553203 8-25-725
    APU
    553203825725

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,235,000
      ML approach
      $2,235,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mamaroneck
    County
    Westchester
    State
    New York
    Longitude
    -73.742
    Latitude
    40.9498
    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
    $1,320,000
    $430,000
    $1,750,000
    -
    $1,320,000
    $430,000
    $1,750,000

    Comparable in this City

    • Value Estimation
      $1,245,000
      6,716 SF

      619 Ctr Ave

      WAREHOUSE, STORAGE • 6,716 SF
      619 Ctr Ave, Mamaroneck, NY 10543-2207
      View Details
    • Value Estimation
      $4,260,000
      31,100 SF

      620 Fayette Ave

      WAREHOUSE, STORAGE • 31,100 SF
      620 Fayette Ave, Mamaroneck, NY 10543-2241
      View Details
    • Value Estimation by Request
      3,391 SF

      560 Fenimore Rd

      BULK STORAGE, TANKS • 3,391 SF
      560 Fenimore Rd, Mamaroneck, NY 10543-2320
      View Details
    • Value Estimation
      $4,130,000
      30,866 SF

      420 Railroad Way

      WAREHOUSE, STORAGE • 30,866 SF
      420 Railroad Way, Mamaroneck, NY 10543-2257
      View Details
    • Value Estimation
      $610,000
      4,020 SF

      604 Waverly Ave

      WAREHOUSE, STORAGE • 4,020 SF
      604 Waverly Ave, Mamaroneck, NY 10543-2260
      View Details
    • Value Estimation
      $1,410,000
      7,591 SF

      523 Waverly Ave

      WAREHOUSE, STORAGE • 7,591 SF
      523 Waverly Ave, Mamaroneck, NY 10543-2235
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Mamaroneck Flex/Industrial Property For Sale

      Flex/Industrial property featuring 4,600 SF of versatile space.
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      1,320 SF

      Mamaroneck Industrial Zone Property

      Located in downtown Mamaroneck, ideal for workshop or parking.
      406 Center Ave, Mamaroneck, NY 10543
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    • $1,900,000
      6,085 SF

      Mamaroneck Retail Investment Opportunity

      High-yield retail building, development potential.
      360 Mount Pleasant Ave, Mamaroneck, NY 10543
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    Similar Nearby for Lease

    • $3,700 /Mo
      6,098 SF

      Mamaroneck Commercial Flex Space Available

      Flex space ideal for contractors near Route 95.
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      Mamaroneck Commercial Space For Lease

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      Mamaroneck Flex Space with Parking

      13,400 SF flex building with parking in Mamaroneck.
      524 Waverly Ave, Mamaroneck, NY 10543
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    • $15 SF/Yr
      13,547 SF

      Mamaroneck Basement Storage Space

      Basement storage in downtown Mamaroneck, near train and amenities.
      313 Halstead Ave, Mamaroneck, NY 10543
      View Details
    • $15 SF/Yr

      Basement Storage in Downtown Mamaroneck

      Basement storage space near Mamaroneck Train Station.
      313 Halstead Ave, Mamaroneck, NY 10543
      View Details
    • $4,500 /Mo
      10,454 SF

      Mamaroneck Commercial Office For Lease

      Single-story commercial office building in Mamaroneck available for lease.
      397 Palmer Ave, Mamaroneck, NY 10543
      View Details
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    520 Fenimore Rd
    Mamaroneck, NY 10543-2313
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    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
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