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    976 Mamaroneck Ave Mamaroneck, NY 10543
    Property profile & analytics

    976 Mamaroneck Ave Mamaroneck, NY 10543

    View on Map
    • Gas stations
    • 1,595 SF
    • 0.23 lot acres
    Off-Market
    Last Sale Nov 15, 2021
    $3,451,042
    Property ID
    US63-0546192
    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
    $3,595,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gas stations

    Property Details for 976 Mamaroneck Ave

    Year built
    1960
    Lot size
    0.23 lot acres
    Property size
    1,595 SF
    Property type
    Gas stations
    APN
    553203 8-16-9
    APU
    5532038169

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,965,000
      ML approach
      $4,015,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,079,000
      Market price range: $788k - $3.08M

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

    Location Insight

    • Map
    • Local Demand
    City
    Mamaroneck
    County
    Westchester
    State
    New York
    Longitude
    -73.7373
    Latitude
    40.9603
    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
    $370,000
    $1,230,000
    $1,600,000
    -
    $370,000
    $1,230,000
    $1,600,000

    Comparable in this City

    • Value Estimation
      $660,000
      2,654 SF

      1275 Boston Post Rd

      GAS STATION • 2,654 SF
      1275 Boston Post Rd, Mamaroneck, NY 10543-4237
      View Details
    • Value Estimation by Request
      704 SF

      540 Mamaroneck Ave

      GAS STATION • 704 SF
      540 Mamaroneck Ave, Mamaroneck, NY 10543-1946
      View Details
    • Value Estimation
      $530,000
      2,112 SF

      711 Fenimore Rd

      GAS STATION • 2,112 SF
      711 Fenimore Rd, Mamaroneck, NY 10543-2302
      View Details
    • Value Estimation
      $2,945,000
      4,625 SF

      636 Fenimore Rd

      GAS STATION • 4,625 SF
      636 Fenimore Rd, Mamaroneck, NY 10543-2309
      View Details
    • Value Estimation by Request
      1,827 SF

      708 Boston Post Rd

      GAS STATION • 1,827 SF
      708 Boston Post Rd, Mamaroneck, NY 10543-4105
      View Details
    • Value Estimation by Request
      1,624 SF

      808 Palmer Ave

      GAS STATION • 1,624 SF
      808 Palmer Ave, Mamaroneck, NY 10543-2405
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,485 SF

      Mamaroneck Industrial Zone Property

      Industrial zone property suitable for workshop, garage, storage, or parking.
      406 Center Ave, Mamaroneck, NY 10543
      View Details
    • $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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    • $700,000
      600 SF

      Mamaroneck Avenue Retail/Office Opportunity

      Retail or office space with high foot traffic and storage.
      135 Mamaroneck Ave, Mamaroneck, NY 10543
      View Details
    • $2,450,000
      Pending

      Mamaroneck Harbor View Retail Property

      Two-building retail property with harbor views and development potential.
      510-516 W Boston Post Rd, Mamaroneck, NY 10543
      View Details

    Similar Nearby for Lease

    • $6,000 /Mo

      Mamaroneck Commercial Space For Lease

      Versatile commercial space in Mamaroneck, near train, shops.
      328 Northrup Ave, Mamaroneck, NY 10543
      View Details
    • $6,000 /Mo

      Mamaroneck Commercial Space For Lease

      Versatile commercial space in Mamaroneck, near transportation and amenities.
      328 Northrup Ave, Mamaroneck, NY 10543
      View Details
    • $34 SF/Yr
      900 SF

      Retail Space on Boston Post

      Retail space available for lease on Boston Post Road.
      803-809 W Boston Post Rd, Mamaroneck, NY 10543
      View Details
    • Contact for pricing
      2,995 SF

      Retail Space in Mamaroneck

      Retail space with on-site parking near established businesses.
      1030 W Boston Post Rd, Mamaroneck, NY 10543
      View Details
    • $27 SF/Yr

      Retail Space Near Train Station

      Commercial space for rent, located near Mamaroneck train station.
      311 Halstead Ave, Mamaroneck, NY 10543
      View Details
    • $3,600 /Mo

      Retail Space in Mamaroneck, NY

      Prime retail space on East Boston Post Road for lease.
      621 E Boston Post Rd, Mamaroneck, NY 10543
      View Details

    Property Visit Statistics

    • Visits by month
      2.5k
    • Visitors by month
      2.3k
    • Avg Time on site
      15 min
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    Mamaroneck, NY 10543
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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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