Add Listing
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

    9 City Pl White Plains, NY 10601-3331

    • Retail space
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4316905
    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

    • CVS Pharmacy / Pharmacy
    • Target Grocery / Grocery & Convenience Store / Food Market
    • CVS / Pharmacy
    • Target Mobile / Mobile Phone Store / Electronics & Wireless Store
    • Target / Furniture & Home Goods / Home Decor Store

    Property Details for 9 City Pl

    Property type
    Retail space
    APN
    551700 125.76-1-2..3
    APU
    55170012576123

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    White Plains
    County
    Westchester
    State
    New York
    Longitude
    -73.7655
    Latitude
    41.0323
    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
    $205,000
    $420,000
    $625,000
    -
    $8,577,406
    $17,573,222
    $26,150,628

    Comparable in this City

    • Value Estimation by Request
      33,000 SF

      48 Mamaroneck Ave

      Individual retail properties • 33,000 SF
      48 Mamaroneck Ave, White Plains, NY 10601
      View Details
    • Value Estimation
      $3,850,000
      139,132 SF

      33 Paulding St

      RETAIL STORES (PERSONAL SERVICES) • 139,132 SF
      33 Paulding St, White Plains, NY 10601
      View Details
    • Value Estimation
      $5,250,000
      202,916 SF

      135 Westchester Ave

      RETAIL STORES (PERSONAL SERVICES) • 202,916 SF
      135 Westchester Ave, White Plains, NY 10601-4519
      View Details
    • Value Estimation
      $18,390,000
      793,648 SF

      125 Westchester Ave

      RETAIL STORES (PERSONAL SERVICES) • 793,648 SF
      125 Westchester Ave, White Plains, NY 10601-4522
      View Details
    • Value Estimation
      $11,300,000
      480,000 SF

      Bloomingdale Rd

      RETAIL STORES (PERSONAL SERVICES) • 480,000 SF
      Bloomingdale Rd, White Plains, NY 10601
      View Details
    • Value Estimation
      $36,945,000
      1,629,501 SF

      Bloomingdale Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,629,501 SF
      Bloomingdale Rd, White Plains, NY 10601
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,500 SF

      Renovated Retail Space Available

      Newly renovated retail spaces with customizable layouts near transportation.
      2 Lyon Pl, White Plains, NY 10601
      View Details
    • Contact for pricing
      24,000 SF

      Downtown White Plains Office Building

      Three-story office building in downtown White Plains with income potential.
      200 E Post Rd, White Plains, NY 10601
      View Details
    • Contact for pricing
      Pending

      Luxury Apartment at Ritz-Carlton Residences

      Spacious 2-bedroom apartment with luxury amenities in White Plains, NY.
      1 Renaissance Sq, White Plains, NY 10601
      View Details
    • $999,000
      Pending

      Luxurious Condo in Ritz-Carlton Residences

      Upscale condo with amenities, city views, and convenient location.
      5 Renaissance Sq, White Plains, NY 10601
      View Details
    • $11,500,000
      18,138 SF

      16 Unit 18,138 Sqft. Corner Office Building For Sale

      16 Unit 18,138 Sqft. Corner Office Building For Sale
      199-201 E Post Road, White Plains, NY 10601
      View Details

    Similar Nearby for Lease

    • $6,000 /Mo
      6,534 SF

      Retail Space in White Plains

      Prime retail space in high-traffic strip center with full basement.
      210 Mamaroneck Ave, White Plains, NY 10601
      View Details
    • Contact for pricing
      2,236 SF

      Retail Space in Mixed-Use Development

      Retail space available in a high-rise mixed-use development.
      25 N Lexington Ave, White Plains, NY 10601
      View Details
    • Contact for pricing
      15,679 SF

      Class A Office Retail Space

      Class A office building with street level retail space.
      7 Renaissance Sq, White Plains, NY 10601
      View Details
    • Contact for pricing

      Retail Spaces Available Near Station

      Multiple retail spaces available near White Plains Metro North station.
      25 North Lexington Ave, White Plains, NY 10601
      View Details
    • Contact for pricing
      8,000 SF

      Prime Retail Space in White Plains

      Highly visible retail space in downtown White Plains for rent.
      206 Main St, White Plains, NY 10601
      View Details
    • Contact for pricing
      8,162 SF

      Prime White Plains Retail Space

      8,162 SF Retail/Restaurant, Available Now
      250 Main St, White Plains, NY 10601
      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.
    9 City Pl
    White Plains, NY 10601-3331
    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.
    Sign Up Successful!
    You now have access to more from Realmo!