Flex Building with
95 S Pearl Street, Pearl River, NY 10965
For Sale
$1,250,000
CO-zoned property combines office suites with substantial garage and storage space.
Property Size4,000 SF
Price / SF$312.50
Days on Market82
Property Features for 95 S Pearl Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Warehouse Space
Drive-In Doors
Additional Details
Road Access
Office Units
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Weichert Realtors
(845) 624-1700
Listed By:
Andrea T Amieiro
(914) 263-7261
Source:
Jwsrealtygroup
Added: Aug 25
Changed: Nov 12
Last Checked: Nov 13 at 5:09PM
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 Weichert Realtors
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Investment Insights
Based on property information with market context.
This freestanding flex property contains approximately 4,000 square feet, including six office rooms, three bathrooms and a 2,100-square-foot garage and storage area with 11-foot ceilings. Two overhead doors serve the garage. A spiral staircase leads to a finished attic area, while a hallway connects to unfinished attic space above the garage. The building dates to 1967.
The property fronts S Pearl Street and is approximately 1,200 feet from the New Jersey border at Montvale. CO zoning and more than 16 parking spaces round out the site’s features.
The property fronts S Pearl Street and is approximately 1,200 feet from the New Jersey border at Montvale. CO zoning and more than 16 parking spaces round out the site’s features.
Key Highlights
- Approximately 4,000 square feet of building area
- 2,100‑square‑foot garage and storage area with 11‑foot ceilings
- Six office rooms and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,075
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,281,500
$2.3M
Cap Rate 7%
$1,629,643
$1.6M
Cap Rate 9%
$1,267,500
$1.3M
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$180.0K $45.00/SF
− Vacancy
−$27.9K −$6.98/SF
EGI
$152.1K $38.03/SF
− OpEx
−$38.0K −$9.51/SF
NOI
$114.1K $28.52/SF
Area
Rockland County, NY
Vacancy
15.50%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,281,500
Cap Rate 7%
$1,629,643
Cap Rate 9%
$1,267,500
Alternative Uses
Best Use
Office B
$1.63M
$1.43M – $1.90M
NOI $114,075 @ 7.0% cap · market cap 9.13%
Second Best
Flex RnD
$907.0K
$793.7K – $1.06M
NOI $63,492 @ 7.0% cap · market cap 5.08%
Theoretical Best
Specialty Retail
$2.64M
$2.31M – $3.09M
NOI $185,130 @ 7.0% cap · market cap 14.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
11 ft
Clear height
2
Drive-in doors
6
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10965, NY
15,342
Population
5,937
Households
2.6
Avg Household Size
44
Median Age
47%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
2,950
Density / Sq Mi
$136,970
Median Household Income
$67,163
Median Earnings
$2,036
Median Rent
$560,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - CO-zoned property combines office suites with substantial garage and storage space.
Where is this flex space located?
The property is located at 95 S Pearl Street Pearl River, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 4,000 square feet of building area; 2,100‑square‑foot garage and storage area with 11‑foot ceilings; Six office rooms and three bathrooms
