Technical
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Property profile

8 Joyce Rd New Rochelle, NY 10801

OFF-MARKET
Community centers
Property ID
US63-0493784
7.72 ac lot
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity is located at ShopRite Plaza, 8 Joyce Road, New Rochelle, NY 10801, a high-traffic shopping center at a signalized intersection with excellent visibility on Palmer Avenue and cross-street access from Palmer Avenue. The property features two one-story buildings totaling nine suites, with four spaces currently available ranging from 643 to 2,255 square feet. The center boasts 416 parking spaces and high ceilings. Current co-tenants include ShopRite, Daiso, Popeyes, and Wine & Spirits Discount Warehouse. The plaza benefits from its proximity to numerous other retailers such as Stop & Shop, Starbucks, Marshalls, HomeGoods, McDonald's, European Wax Center, Taco Bell, People's United Bank, CubeSmart, Wine Bazaar, SkyZone, WestMed, and Pine Brook Fitness Center. The location enjoys high traffic counts, with 14,780 cars per day on River Street, 15,660 cars per day on Palmer Avenue, and 120,005 cars per day on nearby I-95 (Exit 16). Furthermore, the property is conveniently located near the revitalized downtown New Rochelle area, experiencing significant residential growth with over 30 developments underway, adding 2,456 new rental units, and potentially 3,836 more in the coming years. Taxes are $10.82 per square foot. Contact for rental rates and CAM charges.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Lot 7.72 ac (336,283 SF)
APN 551000 1-250-0001
UPID US63-0493784

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Pharmacy
  • Physician
  • Pharmacy
  • Bank Credit Union

Location

8 Joyce Rd New Rochelle, NY 10801-4320
New Rochelle metro Census 6000 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$41.79M

Owner & transaction history

since 2021
Last sale
$39.8M
3 recorded transactions
2021
$39.8M
2010
$29.5M
2009
$16.0M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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