Building Details

Building Size 4,097 SF

Buildings 1

Stories 3

Listing Agency: IBNA Real Estate Group

Listed By: Lorie D. Lee Show Phone

Source: Evrealestate

Added: Sep 25 Changed: Oct 1 Last Checked: Oct 1 at 11:13AM

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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 IBNA Real Estate Group

Investment Insights

Based on property information with market context.

This storefront property has a finished interior with a full lower level offering storage space and walk-out access. Central air and forced-air heating fueled by natural gas serve the space, and a private parking lot is part of the property.

The property sits at the intersection of Route 9W, also known as Liberty Drive, and Route 210 in Rockland County, next to Chase Bank.

Key Highlights

• Finished interior with full lower level and walk‑out access
• Lower‑level storage space
• Central air and natural gas forced‑air heating

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

$57,696

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

5.86%

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%

$1,153,920 $1.2M

Cap Rate 7%

$824,229 $824.2K

Cap Rate 9%

$641,067 $641.1K

Market Conditions

NOI Build-Up for 4,097 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

$86.0K $21.00/SF

− Vacancy

−$3.6K −$0.88/SF

EGI

$82.4K $20.12/SF

− OpEx

−$24.7K −$6.04/SF

NOI

$57.7K $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%

$1,153,920

Cap Rate 7%

$824,229

Cap Rate 9%

$641,067

Alternative Uses

Best Use

Retail

$824.2K

$721.2K – $961.6K (±1% cap)

NOI $57,696 @ 7.0% cap · market cap 5.86%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$2.71M

$2.37M – $3.16M (±1% cap)

NOI $189,619 @ 7.0% cap · market cap 19.25%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

IBNA Spoon River Real Estate Agency Yvette Brown Real ... Real Estate Agency Patsy Duncan Grand ... Real Estate Agency Dynamic Car Service ... Moving Company Jennifer Carrasquillo, Real ... Real Estate Agency

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Restaurant Big Box & Wholesale Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

467

Businesses Nearby

17k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 96% Dining 4%

Chase Bank Shops & Services

9,946 visits/mo 0.2 miles

Shell Shops & Services

6,151 visits/mo 0.1 miles

China Wok Dining

700 visits/mo 0.3 miles

Demographics for 10980, NY

13,289

Population

5,081

Households

2.6

Avg Household Size

43

Median Age

37%

College-Educated

92%

High-School Grad

27.4 sq mi

ZIP Area

485

Density / Sq Mi

$125,333

Median Household Income

$58,306

Median Earnings

$1,748

Median Rent

$475,200

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Storefront property - Finished interior space includes central air, natural gas forced-air heating, and a full walk-out lower level.

Where is this storefront property located?

The property is located at 16 South Liberty Drive 16 Stony Point, NY.

What is the asking price?

The asking price for this property is $985,000.

What are key features of this property?

This property features: Finished interior with full lower level and walk‑out access; Lower‑level storage space; Central air and natural gas forced‑air heating