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    2 Corporate Dr, Unit 201 Central Valley, NY 10917

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    For Lease
    $29 SF/Yr

    5,000 sq ft office suite for lease in Central Valley.

    Lot size:
    1.40 Acres

    Property Features for 2 Corporate Dr

    General Information

    Standard status
    Active
    Lot size
    1.40 Acres

    Building Details

    Year built
    1967

    We can help!

    Listing Contact
    Jacob Fried
    Source: Corcoran

    Listing Agency: KELLER WILLIAMS REALTY Listing Agent: Jacob Fried

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Class A Office Suite For Lease

    A Class A 5,000 sq ft office suite is available for lease and can be divided into a minimum of 2,000 sq ft. The space features a flexible layout that includes 10 private offices, a large open-plan area suitable for cubicles, two conference rooms, a cafeteria, multiple bathrooms, and a private entrance. Large windows on all sides of the suite provide abundant natural light. The property offers ample on-site parking. The property is located directly on State Route 32 in the Village of Woodbury, NY, with a daily traffic count of 18,000 cars. It is situated minutes away from the Woodbury Common Premium Outlets and provides convenient access to major transportation routes, including the NY Thruway (I-87) and NY-17. This space is suitable for office-based employers, professional firms, or any business requiring a well-appointed and functional workspace. It is also well-suited for medical or professional practices seeking a highly accessible and professional location. Its strategic position offers excellent visibility and easy connectivity for both employees and clients. The existing build-out provides a turn-key solution.
    Location Intelligence

    Current Use by Public Records

    Dynamic Therapy & Learning Physician Rand Realty Real Estate Agency Oshin Sharon MD Physician Ramapo Valley Pediatrics Pediatrician Lambert Lori MD Pediatrician

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Central Valley
    County
    Orange
    State
    New York
    Longitude
    -74.1249896
    Latitude
    41.3213109

    Nearby Similar for Lease

    • $7,500 /Mo
      217,800 SF

      Central Valley Automotive Repair Facility

      Renovated 3,800 SF automotive facility with ample parking.
      53 Estrada Rd, Central Valley, NY 10917
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    • $2,800 /Mo
      4,402 SF

      Central Valley Office Space Available

      Premier office location with direct access and great visibility.
      219 Route 32, Central Valley, NY 10917
      View Details
    • $28 SF/Yr
      5,000 SF

      Class A Office Suite Available

      Highly accessible office space near Woodbury Common Premium Outlets.
      2 Corporate Dr, Central Valley, NY 10917
      View Details
    • $2,800 /Mo

      Central Valley Office Space Available

      Premier office location with easy access and updated space.
      219 202, Central Valley, NY 10917
      View Details
    • $28 SF/Yr

      Class A Office Suite Available

      5,000 sq ft office suite for lease in Central Valley.
      2 Corporate Dr, Central Valley, NY 10917
      View Details

    FAQs

    What type of property is this?
    Office units - 5,000 sq ft office suite for lease in Central Valley.
    Where is this office units located?
    The property is located at 2 Corporate Dr, Unit 201 Central Valley, NY.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: - Highly visible location on State Route 32 with 18,000 cars passing daily.; - Flexible layout with 10 private offices, open-plan area, 2 conference rooms, cafeteria, and multiple bathrooms.; - Convenient access to NY Thruway (I-87) and NY-17, minutes from Woodbury Common Premium Outlets.
    (845) 662-5890
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    2 Corporate Dr, Unit 201 Central Valley, NY 10917
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    Central Valley, NY 10917
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    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
    2 Corporate Dr, Unit 201 Central Valley, NY 10917
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    We can help!
    Listing Contact
    Jacob Fried
    (845) 662-5890 (845) 928-8000 (727) 772-0772
    Learn more
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