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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    851 Mclean Ave Yonkers, NY 10704-3925

    • Office buildings
    • 3,600 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $690,000
    Show details
    Cap Rate Potential
    7.2%
    Office buildings
    Location Intelligence
    Property ID
    US63-1363880
    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

    • Richmar Controls Inc / Store

    Property Details for 851 Mclean Ave

    Year built
    1950
    Lot size
    0.11 lot acres
    Property size
    3,600 SF
    Zone code
    BR
    Property type
    Office buildings
    APN
    551800 6.-6229-13.14
    APU
    551800662291314

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $600,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $725,000
      6.5%
      $670,000
      7%
      $620,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $807,000
      Market price range: $199k - $807k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,090,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.8707
    Latitude
    40.9056
    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
    $33,403
    $10,000
    $22,600
    $32,600
    -
    $558,659
    $1,262,570
    $1,821,229

    Comparable in this City

    • Value Estimation
      $1,410,000
      9,780 SF

      819 Yonkers Ave

      PROFESSIONAL BUILDING • 9,780 SF
      819 Yonkers Ave, Yonkers, NY 10704-3052
      View Details
    • Value Estimation
      $1,925,000
      6,632 SF

      1254 Central Park Ave

      PROFESSIONAL BUILDING • 6,632 SF
      1254 Central Park Ave, Yonkers, NY 10704-1059
      View Details
    • Value Estimation
      $960,000
      6,480 SF

      27 College Pl

      OFFICE BUILDING • 6,480 SF
      27 College Pl, Yonkers, NY 10704
      View Details
    • Value Estimation
      $7,435,000
      48,513 SF

      949 Yonkers Ave

      PROFESSIONAL BUILDING • 48,513 SF
      949 Yonkers Ave, Yonkers, NY 10704
      View Details
    • Value Estimation
      $525,000
      2,308 SF

      615 Yonkers Ave

      OFFICE BUILDING • 2,308 SF
      615 Yonkers Ave, Yonkers, NY 10704-2628
      View Details
    • Value Estimation
      $1,295,000
      8,380 SF

      905 Yonkers Ave

      OFFICE BUILDING • 8,380 SF
      905 Yonkers Ave, Yonkers, NY 10704
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,600 SF

      Fully Occupied Investment Opportunity

      6,600 SF building with stable tenancy and on-site parking.
      27 College Pl, Yonkers, NY 10704
      View Details
    • $1,369,000
      2,462 SF

      Well-Maintained Duplex in Yonkers

      Yonkers duplex with strong rental income potential and three-car garage.
      41 Sherwood Ave, Yonkers, NY 10704
      View Details
    • $799,000

      Charming Two-Family Home in Yonkers

      Well-loved two-family home in a desirable Yonkers neighborhood.
      30 College Pl, Yonkers, NY 10704
      View Details
    • $989,000

      Yonkers Specialty Property For Sale

      Specialty property available for purchase in Yonkers, New York.
      75 Stevens Ave, Yonkers, NY 10704
      View Details
    • $165,000

      Apartment Near Shopping and Transportation

      Apartment close to shopping, transportation, worship places, and schools.
      355 Bronx River Rd, Bronxville, NY 10704
      View Details
    • $175,000

      Sun-Filled Top-Floor Co-op

      Renovated one-bedroom co-op near transportation, shops, and restaurants.
      255 Bronx River Rd, Yonkers, NY 10704
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo

      Move-in Ready Office Space

      Fully equipped office space available for rent in Yonkers.
      914 Mclean Ave, Yonkers, NY 10704
      View Details
    • Contact for pricing
      6,110 SF

      Yonkers Medical Office Space For Lease

      Modern medical suites, ample parking.
      1234 Central Park Ave, Yonkers, NY 10704
      View Details
    • $650 /Mo
      150 SF

      Yonkers Office Space Available

      Bright office space with excellent public transportation and ample parking.
      570 Yonkers Ave, Yonkers, NY 10704
      View Details
    • Contact for pricing
      1,000 SF

      Prime Yonkers Executive Office Space

      1,000 SF Office, 22 Parking Spaces
      777 Central Park Ave, Yonkers, NY 10704
      View Details
    • $575 /Mo
      100 SF

      Yonkers Office Space Available

      Bright office space with excellent public transportation and ample parking.
      570 Yonkers Ave, Yonkers, NY 10704
      View Details
    • $1,095 /Mo

      Professional Office Space Available

      First floor office suite ideal for therapists or professionals.
      733 Yonkers Ave, Yonkers, NY 10704
      View Details
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    851 Mclean Ave
    Yonkers, NY 10704-3925
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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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