Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Nanuet Office Building For Rent Title is generated by Realmo AI

    25 Smith Street #501, Nanuet, NY 10954

    View on Map
    Claim this Listing
    For Lease
    $22 SF/Yr

    Well-kept office building in the heart of Rockland County's commercial district.

    Added:
    Jan 5, 2025
    Days on Market:
    516
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 25 Smith Street #501

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    JASON HOROWITZ
    JASON HOROWITZ

    Listing agent JASON HOROWITZ License #10491207540

    Listing office TRIFORCE COMMERCIAL RE LLC

    Listing date Jan 5, 2025

    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 TRIFORCE COMMERCIAL RE LLC

    HighLights

    • Ideally located in the heart of the commercial district of Rockland County.
    • Ample parking available.
    • Easy access to major thoroughfares (Route 304 and 59).
    • Opportunity to occupy desired space.
    • Well‑kept building.
    • Served by two elevators.

    Overview

    This office building is located in Nanuet, in the commercial district of Rockland County. Situated just off Route 304 and 59, it provides access to major thoroughfares. The building is well-kept and features two elevators. It consists of two buildings connected by a breezeway. The property offers opportunities for flexible space occupation. There is plenty of parking available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jonathan Ritter Attorney ... Law Firm Ritter & Company Accounting Firm STS OF NY INC Employment Agency Jaimie Vettichira Samuel, ... Pediatrician Hansa Reinsurance Co-America Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Nanuet
    County
    Rockland
    State
    New York
    Longitude
    -73.9997
    Latitude
    41.0958

    Nearby Similar for Lease

    • $3,500/Mo

      Updated Retail Storefront Suite

      Updated storefront available in a high-visibility, high-traffic area with utilities including heating, cooling, and lighting.
      129 Main Street, Nanuet, NY 10954
      View Details
    • $3,700/Mo
      1,100 SF

      Nanuet Flex Space For Rent

      1,100 SF flex space with retail/office and garage.
      231 S Middletown Rd, Nanuet, NY 10954
      View Details
    • $28 SF/Yr
      1,200 SF

      Retail Space in Nanuet, NY

      Prime retail space available for lease in Nanuet, NY.
      161 Main St, Nanuet, NY 10954
      View Details
    • $1,960/Mo
      785 SF

      Nanuet Office Suite For Rent

      Well-maintained office suite with flexible space and convenient location.
      75 N Middletown Rd Suite 1 North, Nanuet, NY 10954
      View Details
    • $3,600/Mo
      1,700 SF

      Nanuet Office Space For Rent

      Professional office space in Nanuet with easy highway access.
      75 N Middletown Road #First Floor, Nanuet, NY 10954
      View Details
    • $1,830/Mo
      877 SF

      Nanuet Office Space for Rent

      Professional office space in Nanuet with easy highway access.
      75 N Middletown Road #Third Floor, Nanuet, NY 10954
      View Details
    • $1,090/Mo
      436 SF

      Nanuet Office Space for Rent

      Well-maintained office space with open layout and convenient location.
      75 N Middletown Road #Suite 102, Nanuet, NY 10954
      View Details
    • $3,500/Mo

      Updated Storefront for Lease

      Updated storefront space on a high-visibility, high-foot-traffic corridor near transit and local retail.
      129 Main Street, Nanuet, NY 10954
      View Details
    • $5,500/Mo
      1,430 SF

      Nanuet Retail Space Available

      Highly visible retail spaces available for rent in Nanuet.
      27 N Middletown Road N #2, Nanuet, NY 10954
      View Details
    • $3,300/Mo

      Premium Office Space Available

      Highly visible office space with parking and hardwood flooring.
      32-40 1st Street, Nanuet, NY 10954
      View Details
    • $28 SF/Yr

      Prime Nanuet Location For Lease

      Exceptional property in Nanuet, NY with modern design.
      161 S Middletown Road, Nanuet, NY 10954
      View Details
    • Contact for pricing
      11,686 SF

      Retail Space in Rockland Plaza

      Retail space with strong national retailers and high traffic.
      21-76 Rockland Plz, Nanuet, NY
      View Details

    FAQs

    What type of property is this?
    Office building - Well-kept office building in the heart of Rockland County's commercial district.
    Where is this office building located?
    The property is located at 25 Smith Street #501 Nanuet, NY.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Ideally located in the heart of the commercial district of Rockland County.; Ample parking available.; Easy access to major thoroughfares (Route 304 and 59).
    (845) 450-6500
    We can help!
    Listing Contact
    JASON HOROWITZ
    JASON HOROWITZ
    Real Estate License ID: 10491207540
    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
    25 Smith Street #501, Nanuet, NY 10954
    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!