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Property profile & analytics
OFF-MARKET
Estimated value
$10,050,000
Warehouses
1 Perlman Dr 23, Spring Valley, NY 10977-5461
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US63-1968028
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Total area
99,420 SF
Lot
3.9 ac (169,884 SF)
Zoning code
LI
APN
392003 57.57-1-7
UPID
US63-1968028
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Nanjappa Physician
-
AAA Funding Financial Advisor
-
Jiwon Park Physician
-
Dr. Marc Habif Alternative Medicine Practice
-
Go Green Pest Control Inc Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.69M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.05M
Owner & transaction history
1 Perlman LLC · 12 yrs held
1 Perlman LLC
since 2014
7 recorded transactions
Zoning & alternative use
LI · Spring Valley, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Spring Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Valley submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,660,000
6.5%
$11,685,000
7%
$10,850,000
Blend value · Realmo final
$10.05M
Range $9.05M – $11.06M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$101 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$2,460,800
Assessed 2023
Previous assessed
$2,460,800
+0.0% YoY
Assessed land
$125,000
Assessed improvement
$2,335,800
Land market value
$6,350
Improvement market value
$118,650
Total market value
$125,000
Applied tax rate
392,602.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Heating
NONE
Stories
2
Total area
99,420 SF
Lot
3.9 ac (169,884 SF)
Zoning code
LI
APN
392003 57.57-1-7
UPID
US63-1968028
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
LI · Spring Valley, NY
Zoning LI · permitted uses
LI · Spring Valley, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring Valley. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Stories
2
Lot
3.9 ac
Current owner
From public records · entity-resolved
1 Perlman LLC
Entity
Mailing address
PO BOX 963, MONSEY, NY 10952-0963
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2025
—
1 Perlman LLC
—
Deed
related
$2,745,088 · Starwood Mortgage Capital LLC
Jul 15, 2019
—
1 Perlman LLC
—
Deed
related
$1,037,043 · Bankunited Fsb
Jul 11, 2019
—
1 Perlman LLC
—
Deed
related
$1,580,021 · Bankunited Fsb
Apr 7, 2014
$11,018,000
1 Perlman LLC
Pascack Industries
Grant Deed
related
$10,000,000 · Signature Bk
—
—
Pascack Industries
—
Deed Of Trust
related
$2,703,689 · Columbia Bank
—
—
1 Perlman LLC
—
Loan Modification
related
$1,580,021 · Bankunited Fsb
—
—
1 Perlman LLC
—
Deed Of Trust
related
$1,037,043 · Bankunited Fsb
—
—
Pascack Industries
—
Deed Of Trust
related
$7,500,000 · Columbia Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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