Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1581 Us Rte Pomona, NY 10970
    Back to Search
    Property profile & analytics

    1581 Us Rte Pomona, NY 10970

    View on Map
    • Retail properties & Spaces
    • 96,398 SF
    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 1581 Us Rte

    Year built
    1980
    Property size
    96,398 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity presents 4,570 square feet of vacant space within a larger 96,398 square foot neighborhood center located at 1581 US Route 202 in Pomona, New York, 10970. The property, built in 1980, boasts a single suite configuration, offering a unique chance to establish a prominent presence in a thriving Rockland County community. The available space is ideal for a variety of retail uses, benefiting from the ample parking available on-site. The building's strategic location on US Route 202 ensures high visibility and accessibility for customers. This is a rare chance to secure a substantial retail space in a well-established center, providing immediate access to a built-in customer base. The property's size and location make it an attractive option for businesses seeking to expand or establish a new presence in the area. With its convenient access and substantial square footage, this property offers significant potential for growth and success. The property is classified as a commercial retail space with multiple tenancies. Serious inquiries are encouraged to explore this exceptional opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pomona
    County
    Rockland
    State
    New York
    Longitude
    -74.048
    Latitude
    41.1824

    Comparable in this City

    • Value Estimation by Request
      2,088 SF

      349 Us-202

      Individual retail properties • 2,088 SF
      349 Us-202, Pomona, NY 10970
      View Details
    • Value Estimation by Request
      0.92 Acres

      86 Halley Dr

      COMMERCIAL (GENERAL) • 0.92 Acres
      86 Halley Dr, Pomona, NY 10970-2110
      View Details
    • Value Estimation by Request
      840 SF

      345 Rte 202

      GAS STATION • 840 SF
      345 Rte 202, Pomona, NY 10970-3103
      View Details
    • Value Estimation
      $505,000
      2,295 SF

      7 Thiells Mt Ivy Rd

      FINANCIAL BUILDING • 2,295 SF
      7 Thiells Mt Ivy Rd, Pomona, NY 10970-3001
      View Details
    • Value Estimation by Request
      1.55 Acres

      Old Rt 202

      COMMERCIAL (GENERAL) • 1.55 Acres
      Old Rt 202, Pomona, NY 10970
      View Details
    • Value Estimation by Request
      7.20 Acres

      110 Pomona Rd, Unit 118

      COMMERCIAL (GENERAL) • 7.20 Acres
      110 Pomona Rd, Pomona, NY 10970-3510
      View Details

    Similar Nearby for Sale

    • $1,300,000
      0.67 Acres

      Colonial with Cottage on Level Property

      Rare multi-family opportunity near parks, shopping, and transportation.
      20-22 Thiells Mount Ivy Rd, Pomona, NY 10970
      View Details
    • $595,000

      Vacant Land in Pomona

      Vacant land available in a desirable neighborhood.
      19 N Ridge Rd, Pomona, NY 10970
      View Details
    • $549,999

      Land with Mountain Views

      Land available with beautiful mountain views in Pomona, NY.
      95 Halley Dr, Pomona, NY 10970
      View Details
    • $395,000

      Renovated Medical Office Condominium

      Turn-key medical office condo with easy hospital access.
      11 Medical Park Dr, Pomona, NY 10970
      View Details
    • $549,999

      Land with Mountain Views

      Land available with beautiful mountain views in Pomona, NY.
      95 Halley Dr, Pomona, NY 10970
      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.
    1581 Us Rte
    Pomona, NY 10970
    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
    1581 Us Rte, Pomona, NY, 10970
    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!