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    Property profile & analytics

    337 Liberty Dr Tomkins Cove, NY 10986-1117

    • Turn key restaurants
    • 2,800 SF
    • 0.74 lot acres
    OFF-MARKET
    Last Sale
    Sep 18, 2023
    $850,000
    Value Estimations
    $1,205,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1249829
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sheeran's The Perfect Pint / Irish Restaurant / Bar
    • ATM / Atm
    • NORTH LIBERTY PLUMBING CO / Plumber

    Property Details for 337 Liberty Dr

    Year built
    1949
    Lot size
    0.74 lot acres
    Property size
    2,800 SF
    Zone code
    RR
    Property type
    Turn key restaurants
    APN
    392800 10.04-1-70
    APU
    3928001004170

    Description

    This exceptional turnkey business opportunity presents a fully operational 6,100 square foot Irish-themed restaurant and bar located at 337 N Liberty Drive in Tomkins Cove, New York, zip code 10986. The property is situated in Rockland County and boasts a captivating design blending authentic Irish charm with modern aesthetics. The asking price is $100,000. The establishment features a fully stocked bar, ready to serve, and a welcoming dining area designed to create a warm and inviting atmosphere for patrons. This is a business-only sale, offering a ready-made opportunity for an entrepreneur to step into a thriving establishment in a desirable location. The space is immediately available for a new owner to take over and continue the success of this well-established business. No disruption to current operations is permitted. The property's prime location within Tomkins Cove ensures high visibility and accessibility for customers. This is an excellent chance to acquire a profitable, established business with significant potential for growth. All aspects of the business are included in the sale price. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,315,000
      ML approach
      $1,230,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $887,000
      Market price range: $887k - $1.84M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,435,000
      Current use
      AUTO REPAIR, GARAGE
      $1,605,000
      Change: +12% Conversion: Difficult
      OFFICE BUILDING
      $1,445,000
      Change: +1% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tomkins Cove
    County
    Rockland
    State
    New York
    Longitude
    -73.9864
    Latitude
    41.2534
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $22,900
    $54,800
    $77,700
    -
    $234,151
    $560,328
    $794,479

    Comparable in this City

    • Value Estimation
      $425,000
      0.42 Acres

      432 Liberty Dr

      PARKING LOT • 0.42 Acres
      432 Liberty Dr, Tomkins Cove, NY 10986-1506
      View Details
    • Value Estimation by Request
      2,048 SF

      15 Free Hill Rd

      Multifamily properties • 2,048 SF
      15 Free Hill Rd, Tomkins Cove, NY 10986
      View Details
    • Value Estimation
      $410,000
      1,326 SF

      400 Liberty Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,326 SF
      400 Liberty Dr, Tomkins Cove, NY 10986-1506
      View Details
    • Value Estimation
      $945,000
      3,850 SF

      244 Liberty Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 3,850 SF
      244 Liberty Dr, Tomkins Cove, NY 10986-1122
      View Details
    • Value Estimation
      $335,000
      1,032 SF

      296 Liberty Dr

      STORE/OFFICE (MIXED USE) • 1,032 SF
      296 Liberty Dr, Tomkins Cove, NY 10986-1114
      View Details
    • Value Estimation by Request
      3,560 SF

      560 Liberty Dr

      WAREHOUSE, STORAGE • 3,560 SF
      560 Liberty Dr, Tomkins Cove, NY 10986-1516
      View Details
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    Tomkins Cove, NY 10986-1117
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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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