Listing Agency: HOWARD HANNA RAND REALTY Show Phone

Listed By: LEIGH A DEMELO Show Phone

Source: Corcoran

Added: Jan 8 Changed: Oct 23 Last Checked: Oct 23 at 4:50AM

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Investment Insights

Based on property information with market context.

This commercial property offers approximately 2,600 sq ft of open-concept space, providing versatility for various commercial uses. The property, formerly a 7-Eleven, benefits from a functional layout and strong exposure in a highly visible area with excellent accessibility. Ample rear parking is available, along with additional outdoor space. It is zoned commercial only, and convenience store use is not permitted. Ideal for retail, office, or service-based businesses seeking a well-located property with generous parking and outdoor space.

Key Highlights

• Highly visible location with excellent accessibility.
• Approximately 2,600 sq ft open‑concept space offering outstanding versatility.
• Ample rear parking.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,615

Cap Rate

3.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$732,300 $732.3K

Cap Rate 7%

$523,071 $523.1K

Cap Rate 9%

$406,833 $406.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,600 SF

Gross rent

$54.6K $21.00/SF

− Vacancy

−$2.3K −$0.88/SF

EGI

$52.3K $20.12/SF

− OpEx

−$15.7K −$6.04/SF

NOI

$36.6K $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 Rate 5%

$732,300

Cap Rate 7%

$523,071

Cap Rate 9%

$406,833

Alternative Uses

Best Use

Retail

$523.1K

$457.7K – $610.3K (±1% cap)

NOI $36,615 @ 7.0% cap · market cap 3.33%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.72M

$1.50M – $2.01M (±1% cap)

NOI $120,335 @ 7.0% cap · market cap 10.95%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Cardtronics ATM Atm Citibank ATM Atm

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Computer & Electronic Repair Gym & Fitness Center Storage Facility

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

Location Intelligence

Trade Area within ½ mile

618

Businesses Nearby

10k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Mobil Shops & Services

7,194 visits/mo 0.5 miles

Webster Bank Shops & Services

3,212 visits/mo 0.5 miles

Demographics for 10923, NY

9,489

Population

2,909

Households

3.3

Avg Household Size

39

Median Age

36%

College-Educated

85%

High-School Grad

2.0 sq mi

ZIP Area

4,745

Density / Sq Mi

$95,769

Median Household Income

$55,947

Median Earnings

$1,827

Median Rent

$459,100

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

Similar Off Market Nearby

• Stony Point Flowers — 155 S Liberty Dr, Stony Point, NY 10980

Frequently Asked Questions

What type of property is this?

Storefront property - 2,600 sq ft commercial space with parking.

Where is this storefront property located?

The property is located at 75 N Central Highway Garnerville, NY.

What is the asking price?

The asking price for this property is $1,099,000.

What are key features of this property?

This property features: Highly visible location with excellent accessibility.; Approximately 2,600 sq ft open‑concept space offering outstanding versatility.; Ample rear parking.