Freestanding Commercial Building in
For Sale
$1,200,000
Pending
52 College Ave, Nanuet, NY 10954
4500SF building with high visibility and flexible layout.
Property Size4,500 SF
Days on Market143
Property Features for 52 College Ave
General Information
Standard status
Pending
Size
4,500 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$37,449
Building Details
Building Size
4,500 SF
Stories
1
Listed By:
Patrick Kennedy
(845) 735-2039
Source:
Elliman
Added: Apr 24
Changed: Sep 7
Last Checked: Sep 12 at 9:14AM
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 Patrick Kennedy
Investment Insights
Based on property information with market context.
This is an approximately 4500 square foot freestanding commercial building located in Nanuet. The property benefits from excellent visibility and is situated in the heart of Nanuet along a busy commercial corridor. It experiences strong traffic and provides easy access to major highways and nearby shopping centers. On-site parking is available. The layout options are flexible, making it suitable for an owner-user or investor. The location has a walk score of 72, indicating it is very walkable, and a bike score of 37, indicating it is somewhat bikeable.
Key Highlights
- Excellent visibility in the heart of Nanuet.
- Approx. 4500SF Freestanding Commercial Building.
- Strong traffic count along a busy commercial corridor.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,372
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,267,440
$1.3M
Cap Rate 7%
$905,314
$905.3K
Cap Rate 9%
$704,133
$704.1K
Market Conditions
NOI Build-Up for 4,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$94.5K $21.00/SF
− Vacancy
−$4.0K −$0.88/SF
EGI
$90.5K $20.12/SF
− OpEx
−$27.2K −$6.04/SF
NOI
$63.4K $14.08/SF
Area
Rockland County, NY
Vacancy
4.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,267,440
Cap Rate 7%
$905,314
Cap Rate 9%
$704,133
Alternative Uses
Best Use
Retail
$905.3K
$792.2K – $1.06M
NOI $63,372 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.98M
$2.60M – $3.47M
NOI $208,271 @ 7.0% cap · market cap 17.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,259
Businesses Nearby
365k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Dining 22%
Apparel 20%
Home Improvements & Furnishings 13%
McDonald's
Dining
53,076 visits/mo
0.4 miles
T.J. Maxx
Apparel
52,299 visits/mo
0.4 miles
HomeGoods
Home Improvements & Furnishings
39,059 visits/mo
0.2 miles
Michaels
Shops & Services
37,826 visits/mo
0.4 miles
Aldi
Groceries
34,372 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - 4500SF building with high visibility and flexible layout.
Where is this storefront property located?
The property is located at 52 College Ave Nanuet, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Excellent visibility in the heart of Nanuet.; Approx. 4500SF Freestanding Commercial Building.; Strong traffic count along a busy commercial corridor.
