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    601 Main St Port Chester, NY 10573-3361

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    601 Main St Port Chester, NY 10573-3361

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    • Investment properties
    • 4,170 SF
    • 0.34 lot acres
    Off-Market
    Property ID
    US63-1632003
    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.
    Value Estimations
    $990,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Open Solutions Inc / (Bike/Boat/Book/etc) Store / Corporate Office
    • Elite Fitness & Performance / Gym & Fitness Center

    Property Details for 601 Main St

    Year built
    1928
    Lot size
    0.34 lot acres
    Property size
    4,170 SF
    Zone code
    C4 COMM
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    554801 136.64-1-61
    APU
    55480113664161

    Description

    This exceptional 4,200 square foot Class A retail space is available for lease in the thriving Port Chester, NY submarket, within the Greenwich cluster. Located at 601 N Main Street, this single-tenant property boasts an adaptable open floor plan ideal for a variety of retail concepts. Ample parking is available for tenants and customers, alleviating parking concerns and enhancing the overall customer experience. The property offers excellent visibility and ample space for prominent signage, ensuring your business stands out. This prime location is surrounded by a vibrant mix of established businesses, including popular restaurants such as Acuario, Alba's, Bartaco, and many others, as well as well-known retailers like McDonald's, Saks Fifth Avenue, Whole Foods Market, and more. The property's convenient location and ample parking make it an exceptional opportunity for a retail business seeking high visibility and customer convenience. The building features approximately 20+ parking spaces. This is a single-story building offering a unique opportunity to establish your brand in a bustling commercial district.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,005,000
      6.5%
      $930,000
      7%
      $865,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $673,000
      Market price range: $248k - $718k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,385,000
      Current use
      WAREHOUSE, STORAGE
      $1,515,000
      Change: +9% Conversion: Difficult
      OFFICE BUILDING
      $1,465,000
      Change: +6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Chester
    County
    Westchester
    State
    New York
    Longitude
    -73.6557
    Latitude
    41.0112
    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
    $637,600
    $540,100
    $1,177,700
    -
    $637,600
    $540,100
    $1,177,700

    Comparable in this City

    • Value Estimation
      $1,165,000
      7,355 SF

      155 Main St

      STORE/OFFICE (MIXED USE) • 7,355 SF
      155 Main St, Port Chester, NY 10573-4212
      View Details
    • Value Estimation by Request
      1,718 SF

      41 Midland Ave

      STORE/OFFICE (MIXED USE) • 1,718 SF
      41 Midland Ave, Port Chester, NY 10573-4906
      View Details
    • Value Estimation
      $1,225,000
      8,627 SF

      141 Willett Ave

      STORE/OFFICE (MIXED USE) • 8,627 SF
      141 Willett Ave, Port Chester, NY 10573-4254
      View Details
    • Value Estimation
      $945,000
      3,916 SF

      295 Midland Ave

      STORE/OFFICE (MIXED USE) • 3,916 SF
      295 Midland Ave, Port Chester, NY 10573-5260
      View Details
    • Value Estimation by Request
      1,728 SF

      Main St

      STORE/OFFICE (MIXED USE) • 1,728 SF
      Main St, Port Chester, NY 10573
      View Details
    • Value Estimation
      $655,000
      3,120 SF

      30 Bellefair Blvd

      STORE/OFFICE (MIXED USE) • 3,120 SF
      30 Bellefair Blvd, Port Chester, NY 10573
      View Details

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      Income-generating commercial property with dual storefronts in a growing market.
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    Similar Nearby for Lease

    • Contact for pricing

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      Retail Space Near Major Retailers

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    • $2,000 /Mo

      Renovated Office Space For Rent

      Newly renovated office building with shared conference room, utilities included.
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      View Details
    • $1,000 /Mo
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      Port Chester Office Suite

      Two-room suite with private bath near Metro North.
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      View Details
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    601 Main St
    Port Chester, NY 10573-3361
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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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