500 Summit Lake DrValhalla, NY 10595

Property Details for 500 Summit Lake Dr

Year built

1987

Lot size

29.14 AC

Property size (Sq ft)

214,888 SF

Property type

Office buildings

APN

553489 112.15-1-2

APU

5534891121512

Description

This exceptional office property, located at 500 Summit Lake Drive in Valhalla, New York, 10595, offers a significant opportunity for businesses seeking flexible and modern workspace. The building encompasses a total of 145,000 square feet, with a substantial 179,920 square feet currently vacant, providing ample space for expansion or multiple tenants. The property is classified as both Traditional and Executive Office space, catering to a diverse range of business needs. Units are available in sizes ranging from a minimum of 798 square feet to a maximum contiguous space of 58,579 square feet, allowing for customization to suit specific requirements. The building features a convenient parking ratio of 3 spaces per 1,000 square feet, ensuring ample parking for tenants and their clients. Situated in Westchester County, this location offers easy access to major transportation routes and a thriving business community. The property's multiple tenancy structure provides a dynamic and collaborative environment. This is an ideal opportunity to establish a presence in a highly desirable and accessible location within Westchester County. Contact us today to learn more about leasing options and explore the possibilities of making 500 Summit Lake Drive your new business address.

• CAP approach

  CAP return

  Valuation

  6%

  $35,527,404

  6.5%

  $32,794,528

  7%

  $30,452,062

• Comparable approach

  Method

  Valuation

  Relative Method

  $28,077,266

  Geo Method

  $28,077,266

• Alternative Use

  Use

  Valuation

  Residential

  $40,665,216

  Hospitality

  $37,249,116

  Educational

  $30,990,828

  Medical

  $32,056,650

  Retail

  $48,207,956

Location Insight

City

Valhalla

County

Westchester

State

New York

Latitude

41.0999

Longitude

-73.7807

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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