Office Units with
601 Chestnut Ridge Road #1, Spring Valley, NY 10977
For Sale
Contact for pricing
The property combines office use with outdoor or garage storage options near the New York State Thruway and Route 59.
Property Size300 SF
Price / SF$3.33
Days on Market25
Property Features for 601 Chestnut Ridge Road #1
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Outdoor Storage
Building Details
Year Built
Listing Agency:
Triforce Commercial RE LLC
(845) 450-6500
Listed By:
Jason Horowitz · License #10491207540
(845) 323-9177
Source:
Neilcharlesrealestate
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 3:17PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 601 Chestnut Ridge Road, the property offers office space alongside outdoor or garage storage. The building dates to 1948, and the address is in Clarkstown, New York.
The site is described as minutes from the New York State Thruway and Route 59, with access to both major routes. Its office and storage components provide a mix of indoor workspace and additional storage capacity.
The site is described as minutes from the New York State Thruway and Route 59, with access to both major routes. Its office and storage components provide a mix of indoor workspace and additional storage capacity.
Key Highlights
- Office space with outdoor or garage storage
- Minutes from the New York State Thruway and Route 59
- Building constructed in 1948
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,887
Suggested Prices Based on Cap Rates
Cap Rate 5%
$37,740
$37.7K
Cap Rate 7%
$26,957
$27.0K
Cap Rate 9%
$20,967
$21.0K
Market Conditions
NOI Build-Up for 300 SF
Gross rent
$2.8K $9.48/SF
− Vacancy
−$148 −$0.49/SF
EGI
$2.7K $8.99/SF
− OpEx
−$809 −$2.70/SF
NOI
$1.9K $6.29/SF
Area
Rockland County, NY
Vacancy
5.20%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$37,740
Cap Rate 7%
$26,957
Cap Rate 9%
$20,967
Alternative Uses
Best Use
Office B
$122.2K
$107.0K – $142.6K
NOI $8,556 @ 7.0% cap · market cap 855.60%
Second Best
Flex RnD
$68.0K
$59.5K – $79.4K
NOI $4,762 @ 7.0% cap · market cap 476.20%
Theoretical Best
Specialty Retail
$198.4K
$173.6K – $231.4K
NOI $13,885 @ 7.0% cap · market cap 1,388.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
Explore this area
Business Placement
Demographics for 10977, NY
71,049
Population
17,339
Households
4.1
Avg Household Size
24
Median Age
23%
College-Educated
77%
High-School Grad
11.3 sq mi
ZIP Area
6,288
Density / Sq Mi
$77,724
Median Household Income
$33,129
Median Earnings
$1,711
Median Rent
$602,300
Median Home Value
Market
Properties on Market for Office Units in Rockland County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The property combines office use with outdoor or garage storage options near the New York State Thruway and Route 59.
Where is this office unit located?
The property is located at 601 Chestnut Ridge Road #1 Spring Valley, NY.
What are key features of this property?
This property features: Office space with outdoor or garage storage; Minutes from the New York State Thruway and Route 59; Building constructed in 1948
