Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Valley Cottage Commercial Space Available Title is generated by Realmo AI

    153 NYS Route 303, Valley Cottage, NY 10989

    View on Map
    Claim this Listing
    For Lease
    $5,500 /Mo

    Office and retail spaces for rent in Valley Cottage.

    Lot size:
    3.00 Acres
    Added:
    May 3, 2024
    Days on Market:
    764
    Last Refresh:
    Mar 16 at 9:36 am

    Property Features for 153 NYS Route 303

    General Information

    Standard status
    Active
    Lot size
    3.00 Acres

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    JAMES V. DAMIANI

    Listing agent JAMES V. DAMIANI

    Listing office RAND COMMERCIAL

    Listing date May 3, 2024

    Source Corcoran

    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 RAND COMMERCIAL

    HighLights

    • Office and retail spaces available
    • Located in Valley Cottage
    • Property built in 1980

    Overview

    This property in Valley Cottage, New York, offers both office and retail spaces for rent. Located at 153 NYS Route 303, the property is suitable for either office or retail use. The listed price is $5,500.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Valley Cottage
    County
    Rockland
    State
    New York
    Longitude
    -73.9363
    Latitude
    41.124

    Nearby Similar for Lease

    • $2,750/Mo
      1,300 SF

      Valley Cottage Retail Space Available

      Prime retail space in high-traffic Valley Cottage shopping center.
      482 Kings Highway, Valley Cottage, NY 10989
      View Details
    • $19 SF/Yr
      22,000 SF

      New Warehouse with Flexible Terms

      Modern 22,000+ sqft warehouse sublease in Valley Cottage, NY.
      625 Corporate Way, Valley Cottage, NY 10989
      View Details
    • Contact for pricing
      116,039 SF

      Industrial Building Near I-287

      116,039 SF industrial building with excellent highway access.
      711 Executive Blvd, Valley Cottage, NY 10989
      View Details
    • Contact for pricing
      116,039 SF

      Industrial Building Near I-287

      116,039 SF industrial building with convenient highway access.
      711 Executive Blvd, Valley Cottage, NY 10989
      View Details
    • Contact for pricing

      Valley Cottage Executive Park

      Executive park with access to I-287 and 9 West.
      616 Corporate Way, Valley Cottage, NY 10989
      View Details
    • Contact for pricing

      Corporate Way Commercial Space

      Commercial space with excellent access to major highways.
      614 Corporate Way, Valley Cottage, NY 10989
      View Details
    • Contact for pricing
      30,555 SF

      Industrial Flex Space For Lease

      Industrial flex space available for lease, divisible to suit.
      619 Corporate Way, Valley Cottage, NY 10989
      View Details
    • Contact for pricing

      Valley Cottage Executive Park

      Executive park with excellent access to I-287 and 9 West.
      616 Corporate Way, Valley Cottage, NY 10989
      View Details
    • Contact for pricing

      Valley Cottage Commercial Space

      Commercial space with excellent access to I-287 and 9W.
      706 Executive Blvd, Valley Cottage, NY 10989
      View Details
    • Contact for pricing
      10,764 SF

      Valley Cottage Warehouse Space

      Industrial warehouse space available for lease in Valley Cottage.
      709 Executive Blvd, Valley Cottage, NY
      View Details

    FAQs

    What type of property is this?
    Office units - Office and retail spaces for rent in Valley Cottage.
    Where is this office units located?
    The property is located at 153 NYS Route 303 Valley Cottage, NY.
    What is the lease rate?
    The lease rate is $5,500 /Mo.
    What are key features of this property?
    This property features: Office and retail spaces available; Located in Valley Cottage; Property built in 1980
    Edit or Promote this Listing
    Or you can promote this listing later in your account
    We can help!
    Listing Contact
    JAMES V. DAMIANI
    Learn More
    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.
    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

    Thank You for Inquiry
    153 NYS Route 303, Valley Cottage, NY 10989
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!