Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    348 Ny-59 Nanuet, NY 10954

    • Retail properties & Spaces
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 348 Ny-59

    Year built
    1950
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional retail or restaurant opportunity is located at 348 W Route 59 in Nanuet, New York, within Rockland County. Built in 1950, this single-tenancy property boasts a newly renovated facade, presenting a modern and inviting storefront. The space features an open column layout, offering maximum flexibility for tenant design and configuration. A significant advantage is the availability of 50 on-site parking spaces, ensuring ample customer convenience. The property also includes a gas meter already in place, simplifying utility connections, and is easily vented for various commercial uses. Multiple signage opportunities exist, enhancing visibility and brand recognition. A bathroom is conveniently located within the space. This prime location is further enhanced by its proximity to Avis, ensuring high foot traffic and visibility. The property is ideal for a variety of retail or restaurant concepts. This is a rare opportunity to secure a well-located, well-equipped commercial space in a thriving Rockland County market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Nanuet
    County
    Rockland
    State
    New York
    Longitude
    -74.0262
    Latitude
    41.1017

    Comparable in this City

    • Value Estimation by Request
      2,082 SF

      5205 Fashion Dr

      Individual retail properties • 2,082 SF
      5205 Fashion Dr, Nanuet, NY 10954
      View Details
    • Value Estimation by Request
      70,432 SF

      400 Market St

      Lifestyle centers • 70,432 SF
      400 Market St, Nanuet, NY 10954
      View Details
    • Value Estimation by Request
      8,400 SF

      123 Ny-59

      Individual retail properties • 8,400 SF
      123 Ny-59, Nanuet, NY 10954
      View Details
    • Value Estimation by Request
      4,000 SF

      5101 Fashion Dr

      Individual retail properties • 4,000 SF
      5101 Fashion Dr, Nanuet, NY 10954
      View Details
    • Value Estimation by Request
      56,275 SF

      281 Ny-59

      Retail properties & Spaces • 56,275 SF
      281 Ny-59, Nanuet, NY 10954
      View Details
    • Value Estimation by Request
      252,000 SF

      43 Ny-59

      Neighborhood centers • 252,000 SF
      43 Ny-59, Nanuet, NY 10954
      View Details

    Similar Nearby for Sale

    • $2,680,000
      7,818 SF

      Nanuet Retail Center: High-Traffic Location

      Prime Retail Investment, 7,818 SF, 7.6% Cap Rate
      78 Middletown Rd, Nanuet, NY 10954
      View Details
    • $2,680,000
      7,818 SF

      Nanuet Retail Space - High Visibility

      Prime Nanuet location, high traffic, 7,818 sq ft.
      78 Middletown Rd, Nanuet, NY 10954
      View Details
    • $4,850,000
      8,400 SF

      123 Route 59, Nanuet, NY 10954

      Retail properties & Spaces • 8,400 SF
      123 Route 59, Nanuet, NY 10954
      View Details
    • $1,200,000

      Freestanding Commercial Building in Nanuet

      4500SF building with high visibility and flexible layout.
      52 College Ave, Nanuet, NY 10954
      View Details
    • $4,850,000
      8,400 SF

      Nanuet Retail Investment Opportunity

      High-traffic Route 59 bank/storefront.
      123 Ny-59, Nanuet, NY 10954
      View Details
    • $735,000

      Medical Office Condo For Sale

      Medical office condominium for sale in Nanuet, NY.
      121 West Nyack Rd, Nanuet, NY 10954
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      56,275 SF

      Nanuet Retail Space For Lease

      Prime Nanuet location, 2,400 sq ft available.
      281 Ny-59, Nanuet, NY 10954
      View Details
    • $25 SF/Yr
      9,600 SF

      Route 59 Retail Space Available

      Nanuet, NY: High-traffic retail space.
      123 Route 59, Nanuet, NY 10954
      View Details
    • $22 SF/Yr
      2,079 SF

      Nanuet Commercial Space Available

      Prime Nanuet location, flexible office/retail space.
      198 Middletown Rd, Nanuet, NY 10954
      View Details
    • $15 SF/Yr
      2,610 SF

      Middletown Road Executive Suites

      Three modern office spaces available.
      227 Middletown Rd, Nanuet, NY 10954
      View Details
    • $31 SF/Yr
      2,300 SF

      Nanuet Office Space Available

      Prime Nanuet location, flexible office suites.
      154 Main St, Nanuet, NY 10954
      View Details
    • Contact for pricing
      70,432 SF

      Nanuet Medical Office Space For Lease

      Prime Nanuet location, 4,744 sq ft available.
      400-460 Market St, Nanuet, NY 10954
      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.
    348 Ny-59
    Nanuet, NY 10954
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!