Flex Condominium with Upper-Level
For Sale
$735,000
121 West Nyack Road #Suite 5, Nanuet, NY 10954
Multiple private rooms, a reception area, and on-site parking serve medical, professional office, or light industrial use.
Property Size3,120 SF
Price / SF$235.58
Days on Market149
Property Features for 121 West Nyack Road #Suite 5
General Information
Standard status
Active
Size
3,120 SF
Property subtype
Commercial
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$21,660
Amenities
multiple private rooms
reception area
built-in drive-in garage door
additional upper-level storage space
Building Details
Building Size
3,120 SF
Listing Agency:
Nova North Commercial
(845) 222-9260
Listed By:
Helene Carey
(914) 261-0129
Source:
Croninreale
Added: May 29
Changed: Oct 23
Last Checked: Oct 23 at 9:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nova North Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,120-square-foot commercial condominium has multiple private rooms, a reception area, and a functional interior layout. A built-in drive-in garage door and approximately 3,000 square feet of upper-level storage add to the space’s configuration. The property is suited to medical, professional office, or light industrial and flex use.
On-site parking is available, and the property has convenient access to major roadways.
On-site parking is available, and the property has convenient access to major roadways.
Key Highlights
- 3,120‑square‑foot commercial condominium
- Approximately 3,000 SF of additional upper‑level storage
- Built‑in drive‑in garage door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,524
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$990,480
$990.5K
Cap Rate 7%
$707,486
$707.5K
Cap Rate 9%
$550,267
$550.3K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$82.4K $26.40/SF
− Vacancy
−$6.2K −$1.98/SF
EGI
$76.2K $24.42/SF
− OpEx
−$26.7K −$8.55/SF
NOI
$49.5K $15.87/SF
Area
Rockland County, NY
Vacancy
7.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$990,480
Cap Rate 7%
$707,486
Cap Rate 9%
$550,267
Alternative Uses
Best Use
Office B
$1.27M
$1.11M – $1.48M
NOI $88,979 @ 7.0% cap · market cap 12.11%
Second Best
Healthcare Medical
$1.03M
$899.3K – $1.20M
NOI $71,941 @ 7.0% cap · market cap 9.79%
Theoretical Best
Specialty Retail
$2.06M
$1.81M – $2.41M
NOI $144,401 @ 7.0% cap · market cap 19.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10954, NY
24,248
Population
10,041
Households
2.4
Avg Household Size
44
Median Age
47%
College-Educated
90%
High-School Grad
6.9 sq mi
ZIP Area
3,514
Density / Sq Mi
$112,927
Median Household Income
$55,985
Median Earnings
$2,184
Median Rent
$502,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Moe's Southwest Grill — 100 NY-59, Nanuet, NY 10954
Frequently Asked Questions
What type of property is this?
Flex space - Multiple private rooms, a reception area, and on-site parking serve medical, professional office, or light industrial use.
Where is this flex space located?
The property is located at 121 West Nyack Road #Suite 5 Nanuet, NY.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: 3,120‑square‑foot commercial condominium; Approximately 3,000 SF of additional upper‑level storage; Built‑in drive‑in garage door
