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    230 Nyack Rd West Nyack, NY 10994
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    230 Nyack Rd, West Nyack, NY 10994

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    • Warehouses
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ​​​​FRAN-ROCK TRUCK SERVICE ​ / Auto Repair Shop
    • Eastern State Tire / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • FranRock Heavy Duty Roadside Service and Towing / Auto Repair Shop
    • Good Year / (Bike/Boat/Book/etc) Store / Auto Parts Store

    Property Details for 230 Nyack Rd

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 4,200 square foot industrial warehouse space, situated at 230 West Nyack Road in West Nyack, Rockland County, New York, presents a compelling leasing opportunity. The property is classified as industrial, specifically a warehouse and distribution center, and features multiple tenancies. The unit itself offers a versatile layout ideal for various industrial uses. Key features include a conveniently located small office area, a mezzanine level providing valuable additional storage capacity, and efficient loading and unloading capabilities facilitated by two 13-foot-plus drive-in doors and two 9-foot doors. The high ceilings, measuring 17 feet 2 inches at their peak, offer ample vertical space for storage racking or equipment placement. This functional space combines practicality with excellent accessibility, making it a highly desirable location for businesses seeking efficient operations. The current net expenses are $4 per square foot. The property's zip code is 10994. This listing is for one available space within a larger building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Nyack
    County
    Rockland
    State
    New York
    Longitude
    -73.9951
    Latitude
    41.0976

    Comparable in this City

    • Value Estimation
      $600,000
      5,000 SF

      100 Nyack Way

      DISTRIBUTION WAREHOUSE
      100 Nyack Way, West Nyack, NY 10994-2202
      View Details
    • Value Estimation
      $545,000
      4,200 SF

      201 Western Hwy

      DISTRIBUTION WAREHOUSE
      201 Western Hwy, West Nyack, NY 10994-2611
      View Details
    • Value Estimation by Request
      2,356 SF

      349 Rte 59

      WAREHOUSE, STORAGE
      349 Rte 59, West Nyack, NY 10994
      View Details
    • Value Estimation by Request
      2,862 SF

      736 Nyack Rd

      WAREHOUSE, STORAGE
      736 Nyack Rd, West Nyack, NY 10994-1945
      View Details
    • Value Estimation by Request
      105,463 SF

      100 Snake Hl Rd

      WAREHOUSE, STORAGE
      100 Snake Hl Rd, West Nyack, NY 10994-1628
      View Details
    • Value Estimation
      $585,000
      4,500 SF

      755 Nyack Rd

      WAREHOUSE, STORAGE
      755 Nyack Rd, West Nyack, NY 10994-1937
      View Details

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    Similar Nearby for Lease

    • $11,750 /Mo

      Industrial Space with Upgraded Systems

      6,000 SF industrial space ideal for light manufacturing.
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      Industrial Space with Office

      6,000 SF industrial space with office and loading dock.
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      West Nyack Warehouse Space

      Warehouse space available for lease in West Nyack, NY.
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    West Nyack, NY 10994
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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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