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    Property profile & analytics

    6740 Ny-31 Newark, NY 14513

    • Retail properties
    • 87,243 SF
    • 12.12 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Isalis / Jewelry Store / Gift Shop
    • Party City / Party Store / Balloon Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 6740 Ny-31

    Year built
    1989
    Lot size
    12.12 lot acres
    Property size
    87,243 SF
    Property type
    Retail properties

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Wayne
    State
    New York
    Longitude
    -77.0613
    Latitude
    43.0521

    Comparable in this City

    • Value Estimation
      $670,000
      21,350 SF

      609 Maple Ave

      NURSERY, GREENHOUSE, FLORIST • 21,350 SF
      609 Maple Ave, Newark, NY 14513
      View Details
    • Value Estimation by Request
      74,200 SF

      800 Miller St

      REGIONAL SHOPPING CENTER, MALL • 74,200 SF
      800 Miller St, Newark, NY 14513-1354
      View Details
    • Value Estimation by Request
      2,120 SF

      3000 State Rte 88th N

      SERVICE STATION WITH FOOD MART • 2,120 SF
      3000 State Rte 88th N, Newark, NY 14513-9371
      View Details
    • Value Estimation by Request
      752 SF

      1129 Un St

      DRIVE-THRU RESTAURANT, FAST FOOD • 752 SF
      1129 Un St, Newark, NY 14513
      View Details
    • Value Estimation
      $750,000
      0.10 Acres

      302 Un St

      PARKING LOT • 0.10 Acres
      302 Un St, Newark, NY 14513-1430
      View Details
    • Value Estimation
      $315,000
      3,500 SF

      245 Un St

      AUTO REPAIR, GARAGE • 3,500 SF
      245 Un St, Newark, NY 14513-1427
      View Details

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    Similar Nearby for Lease

    • $8 SF/Yr
      87,243 SF

      Arcadia Shopping Center

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      6740 Ny-31, Newark, NY 14513
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    • Contact for pricing
      5,893 SF

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      Outparcel to Walmart anchored center, build-to-suit options available.
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    6740 Ny-31
    Newark, NY 14513
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    Realmo Value Estimation

    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.

    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.

    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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