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    Property profile & analytics

    2-4 Route 9W West Haverstraw, NY 10993

    • Retail properties
    • 3,859 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 2-4 Route 9W

    Property size
    3,859 SF
    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    Description

    This exceptional commercial property at 2-4 Route 9W in West Haverstraw, New York, presents a unique opportunity for businesses seeking a prime location. The property offers a total of 3,859 square feet of space, comprised of 2,840 square feet of flexible ground-level retail space and an additional 720 square feet in the basement. Located on the bustling Route 9W, this single-tenant property boasts high visibility and easy access, ensuring a steady stream of potential customers. The spacious interior is adaptable to various business needs, making it suitable for retail, office, or service-oriented enterprises. The monthly lease rate is $6,500, inclusive of base year taxes and CAM, with a 50% percentage rent structure. Ample parking is available for both employees and customers, enhancing convenience and accessibility. The property is zoned C and situated in Rockland County, within the West Haverstraw submarket, and features a convenient 10993 zip code. This location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking to thrive in a dynamic and high-traffic area. The property's customizable layout allows for efficient use of space, catering to a wide range of business requirements.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West Haverstraw
    County
    Rockland
    State
    New York
    Longitude
    -73.9856
    Latitude
    41.2099

    Comparable in this City

    • Value Estimation by Request
      3,859 SF

      2 Route 9W

      Individual retail properties • 3,859 SF
      2 Route 9W, West Haverstraw, NY 10993
      View Details
    • Value Estimation
      $5,450,000
      14,232 SF

      130-132 Samsondale Ave

      OFFICE BUILDING • 14,232 SF
      130-132 Samsondale Ave, West Haverstraw, NY 10993
      View Details
    • Value Estimation by Request

      12 Samsondale Ave

      RADIO OR TV STATION
      12 Samsondale Ave, West Haverstraw, NY 10993-1217
      View Details
    • Value Estimation
      $2,405,000
      6,104 SF

      6th S Rte 9w

      PROFESSIONAL BUILDING • 6,104 SF
      6th S Rte 9w, West Haverstraw, NY 10993-1019
      View Details
    • Value Estimation
      $1,495,000
      4,500 SF

      53 Rte 9w

      CAR WASH • 4,500 SF
      53 Rte 9w, W Haverstraw, NY 10993-1055
      View Details
    • Value Estimation
      $560,000
      2,752 SF

      61 Rte 9w

      RESTAURANT • 2,752 SF
      61 Rte 9w, West Haverstraw, NY 10993-1047
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      West Haverstraw Retail Opportunity

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      7 Samsondale Ave, West Haverstraw, NY 10993
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      3,000 SF

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      New Warehouse Space Available

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    West Haverstraw, NY 10993
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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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