Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    303 Little Tor Rd New City, NY 10956
    Back to Search
    Property profile & analytics

    303 Little Tor Rd New City, NY 10956

    View on Map
    • Retail properties & Spaces
    • 8,750 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 303 Little Tor Rd

    Year built
    2018
    Property size
    8,750 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 8,750 square foot retail space, located at 303 S Little Tor Rd in New City, NY 10956, presents a unique opportunity for businesses seeking prime Rockland County placement. Built in 2018, the property offers flexible lease options with a minimum divisible space of 1,250 square feet and a maximum contiguous space of 5,000 square feet. Currently, the entire 8,750 square feet is vacant, providing an ideal canvas for a single large tenant or multiple smaller businesses. The building's modern design is complemented by ample parking, with 25 spaces available for customers and employees. The property is classified as a commercial retail space with multiple tenancy options, making it suitable for a diverse range of retail ventures. Its strategic location within a thriving neighborhood center ensures high visibility and accessibility, promising strong foot traffic and potential for significant business growth. This is a rare opportunity to secure a substantial, modern retail space in a desirable Rockland County location. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New City
    County
    Rockland
    State
    New York
    Longitude
    -74.0027
    Latitude
    41.1293

    Comparable in this City

    • Value Estimation by Request
      43,935 SF

      272 Main St

      Retail properties & Spaces • 43,935 SF
      272 Main St, New City, NY 10956
      View Details
    • Value Estimation by Request
      43,935 SF

      272 Main St

      Retail properties & Spaces • 43,935 SF
      272 Main St, New City, NY 10956
      View Details
    • Value Estimation by Request
      1,344 SF

      147 Main St

      SHOW ROOM, WAREHOUSE • 1,344 SF
      147 Main St, New City, NY 10956-3501
      View Details
    • Value Estimation
      $1,310,000
      7,920 SF

      36 Congers Rd

      SHOW ROOM, WAREHOUSE • 7,920 SF
      36 Congers Rd, New City, NY 10956-5141
      View Details
    • Value Estimation by Request
      768 SF

      17 Evergreen Rd

      COMMERCIAL (GENERAL) • 768 SF
      17 Evergreen Rd, New City, NY 10956-5101
      View Details
    • Value Estimation by Request
      2,288 SF

      159 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,288 SF
      159 Main St, New City, NY 10956-3315
      View Details

    Similar Nearby for Sale

    • $749,000

      Commercial Building in Prime Location

      Freestanding commercial building with two distinct spaces in New City.
      96 Maple Ave, New City, NY 10956
      View Details
    • $749,000
      0.17 Acres

      Commercial Building in Prime Location

      Freestanding commercial building in New City, NY with two spaces.
      96 Maple Ave, New City, NY 10956
      View Details
    • $749,000

      Prime New City Investment Opportunity

      Freestanding commercial building with two spaces in New City.
      96 Maple Ave, New City, NY 10956
      View Details
    • $4,000,000
      Pending

      Turn-Key Gas Station Business

      Gas station with convenience store and bays for sale.
      279 S Little Tor Rd, New City, NY 10956
      View Details
    • $7,750,000

      Prime Land Parcel For Development

      14.2 +/- acre land parcel in New City, NY.
      55 Schriever Ln, New City, NY 10956
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr

      Prime Retail Space on Main

      Retail space for lease in New City, NY.
      47-53 S Main St, New City, NY 10956
      View Details
    • Contact for pricing

      Retail Space in Grocery Anchored Center

      Prime retail opportunity in a key market area.
      180 N Main St, New City, NY 10956
      View Details
    • Contact for pricing
      1,624 SF

      Retail Space in New City

      Retail space available for lease in New City, NY.
      16 N Main St, New City, NY 10956
      View Details
    • Contact for pricing
      744 SF

      Retail Space in New City

      Retail space available within a grocery-anchored shopping center.
      70 N Main St, New City, NY 10956
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    303 Little Tor Rd
    New City, NY 10956
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    303 Little Tor Rd, New City, NY, 10956
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!