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    30 Brotherhood Plaza Dr Washingtonville, NY 10992
    Property profile & analytics

    30 Brotherhood Plaza Dr Washingtonville, NY 10992

    View on Map
    • Lifestyle centers
    • 78,789 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CVS Pharmacy / Pharmacy
    • Mohammed Z. Iqbal, RPH / Pharmacy
    • Laurie A. Dickman, BS / Pharmacy
    • CVS / Pharmacy
    • CVS Photo / (Bike/Boat/Book/etc) Store

    Property Details for 30 Brotherhood Plaza Dr

    Property size
    78,789 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail opportunity in Washingtonville, NY, presents 78,789 square feet of space across two buildings, featuring 16 suites within a thriving shopping center. Currently, 3,938 square feet are available, with spaces ranging from 1,425 to 3,938 square feet, including a 3,938-square-foot end-cap previously used as medical space. The property boasts a prime location at the signalized intersection of Brotherhood Plaza Drive and East Main Street (Route 94), placing it in the heart of Washingtonville, near the police department, high school, and middle school. Strong co-tenancy includes Stop & Shop, CVS, USPS, T-Mobile, and numerous other established businesses. Nearby retailers include Bank of America, Dunkin', Chase Bank, and more, ensuring high foot traffic and visibility. The property offers ample parking with 395 spaces and benefits from a low tax rate of $8.50 per square foot. The property's total gross leasable area is 78,789 square feet. Contact us for rental rates and CAM/taxes, currently listed at $12.00 per square foot. This is an ideal location for businesses seeking high visibility and a strong customer base in a well-established retail center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Washingtonville
    County
    Orange
    State
    New York
    Longitude
    -74.1623
    Latitude
    41.4292

    Comparable in this City

    • Value Estimation
      $1,090,000
      16,039 SF

      2877 Rte 94

      SHOPPING CENTER, STRIP CENTER • 16,039 SF
      2877 Rte 94, Washingtonville, NY 10992
      View Details
    • Value Estimation
      $2,275,000
      18,210 SF

      6 Depot St

      SHOPPING CENTER, STRIP CENTER • 18,210 SF
      6 Depot St, Washingtonville, NY 10992-1532
      View Details
    • Value Estimation by Request
      16,039 SF

      2877 Ny-94

      Medical Office Space • 16,039 SF
      2877 Ny-94, Blooming Grove, NY 10992
      View Details
    • Value Estimation by Request
      2,557 SF

      11 Round Hl Rd

      MEDICAL CLINIC • 2,557 SF
      11 Round Hl Rd, Washingtonville, NY 10992-2030
      View Details
    • Value Estimation by Request
      4,081 SF

      83 Main St

      MEDICAL CLINIC • 4,081 SF
      83 Main St, Washingtonville, NY 10992-1412
      View Details
    • Value Estimation by Request
      1,808 SF

      4 Maple Ct

      MEDICAL CLINIC • 1,808 SF
      4 Maple Ct, Washingtonville, NY 10992-1702
      View Details

    Similar Nearby for Sale

    • $1,600,000
      6,000 SF

      Neighborhood Shopping Center Built in 2022

      Modern 6,000 SF shopping center with strong tenant mix.
      32 W Main St, Washingtonville, NY 10992
      View Details
    • $1,600,000

      Neighborhood Shopping Center Built in 2022

      6,000 SF shopping center with strong tenant mix.
      32 W Main St, Washingtonville, NY 10992
      View Details
    • $1,900,000
      0.80 Acres

      Prime Vacant Land Opportunity

      High-visibility land parcel in thriving Washingtonville, endless potential.
      E Main St, Washingtonville, NY 10992
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,425 SF

      Retail Space in Washingtonville Center

      Retail space for lease in shopping center anchored by Stop&Shop.
      18-54 Brotherhood Plaza Dr, Washingtonville, NY 10992
      View Details
    • $22 SF/Yr

      Unfinished Retail Space For Rent

      500 sq ft unfinished retail space ready for customization.
      6 Depot St, Washingtonville, NY 10992
      View Details
    • $2,200 /Mo

      Washingtonville Retail or Office Space

      Approximately 1,000 SF retail or office space for rent.
      11 Goshen Ave, Washingtonville, NY 10992
      View Details
    • Contact for pricing

      Retail/Office Space on Route 94

      1,285 SF retail/office space with high traffic.
      2877 Ny-94, Washingtonville, NY 10992
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease in Washingtonville, New York.
      30 Brotherhood Plaza Dr, Washingtonville, NY 10992
      View Details
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    Washingtonville, NY 10992
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    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
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