Leased Retail Strip
For Sale
$1,850,000
79 S Liberty Drive, Stony Point, NY 10980
Two tenant businesses operate under leases with scheduled rental increases and on-site customer parking.
Property Size5,100 SF
Price / SF$362.75
Days on Market8
Property Features for 79 S Liberty Drive
General Information
Standard status
Active
Size
5,100 SF
Total Parking Spaces
27
Property subtype
Commercial
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$26,608
Amenities
Central air
Central Air Cooling
Natural Gas Heating
Parking Lot
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
RAND COMMERCIAL
(845) 735-3700
Listed By:
FRANK BOHLKE
Source:
Corcoran
Added: Aug 4
Changed: Aug 11
Last Checked: Aug 10 at 3:52AM
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 RAND COMMERCIAL
Investment Insights
Based on property information with market context.
This multi-tenant retail strip center contains approximately 5,100 square feet and is fully leased to two businesses: a restaurant/bar and a print shop. Lease terms include built-in rental increases. The property includes approximately 27 on-site parking spaces, while the restaurant area is fitted with a commercial kitchen and ancillary fire suppression equipment.
Capital improvements include an updated roof, windows, siding, HVAC systems, and bathrooms. Positioned on Route 9W at 79 S Liberty Drive in Stony Point, the property offers access to major highways, residential areas, and nearby businesses. Future expansion may be possible, subject to municipal approvals.
Capital improvements include an updated roof, windows, siding, HVAC systems, and bathrooms. Positioned on Route 9W at 79 S Liberty Drive in Stony Point, the property offers access to major highways, residential areas, and nearby businesses. Future expansion may be possible, subject to municipal approvals.
Key Highlights
- Approximately 5,100 square feet of multi‑tenant retail space
- Fully leased to two tenants: a restaurant/bar and a print shop
- Lease terms include built‑in rental increases
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
$71,821
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
3.88%
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%
$1,436,420
$1.4M
Cap Rate 7%
$1,026,014
$1.0M
Cap Rate 9%
$798,011
$798.0K
Market Conditions
NOI Build-Up for 5,100 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
$107.1K $21.00/SF
− Vacancy
−$4.5K −$0.88/SF
EGI
$102.6K $20.12/SF
− OpEx
−$30.8K −$6.04/SF
NOI
$71.8K $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%
$1,436,420
Cap Rate 7%
$1,026,014
Cap Rate 9%
$798,011
Alternative Uses
Best Use
Specialty Retail
$3.37M
$2.95M – $3.93M
NOI $236,041 @ 7.0% cap · market cap 12.76%
Second Best
Retail
$1.03M
$897.8K – $1.20M
NOI $71,821 @ 7.0% cap · market cap 3.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
140k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Groceries 41%
Home Improvements & Furnishings 7%
Dining 2%
ShopRite
Groceries
37,346 visits/mo
0.4 miles
Dollar Tree
Shops & Services
21,877 visits/mo
0.4 miles
Aldi
Groceries
20,477 visits/mo
0.3 miles
Chase Bank
Shops & Services
9,946 visits/mo
0.3 miles
Tractor Supply Co.
Home Improvements & Furnishings
9,651 visits/mo
0.4 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Two tenant businesses operate under leases with scheduled rental increases and on-site customer parking.
Where is this strip mall located?
The property is located at 79 S Liberty Drive Stony Point, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Approximately 5,100 square feet of multi‑tenant retail space; Fully leased to two tenants: a restaurant/bar and a print shop; Lease terms include built‑in rental increases
