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Property profile & analytics
OFF-MARKET
Estimated value
$37,265,000
Strip malls
10 Ramapo Rd 56, Garnerville, NY 10923-2011
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-3917394
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Total area
113,413 SF
Lot
17.77 ac (774,061 SF)
Zoning code
962
APN
392289 26.09-2-9.1
UPID
US63-3917394
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
-
Haverstraw King's Daughters Public Library Public Library
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$51.63M
Blend (final)
Blend
$37.27M
Owner & transaction history
United Water New York INC · 14 yrs held
United Water New York INC
since 2011
7 recorded transactions
Zoning & alternative use
962 · Garnerville, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$58.6M
+67.3%
Restaurant
$58.1M
+66.0%
Commercial (general)
$41.6M
+18.8%
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 Garnerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garnerville 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$35,030,000
Current use
OFFICE BUILDING
$58,590,000
Change: +67% · Conversion: Moderate
RESTAURANT
$58,135,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$41,605,000
Change: +19% · Conversion: Easy
WAREHOUSE, STORAGE
$40,770,000
Change: +16% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$33,790,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$37.27M
Range $33.54M – $40.99M · ±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
$329 / 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
$9,046,400
Assessed 2023
Previous assessed
$9,046,400
+0.0% YoY
Assessed land
$3,608,000
Assessed improvement
$5,438,400
Land market value
$5,886,768
Improvement market value
$8,873,225
Total market value
$14,759,993
Applied tax rate
392,201.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1998
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
113,413 SF
Lot
17.77 ac (774,061 SF)
Zoning code
962
APN
392289 26.09-2-9.1
UPID
US63-3917394
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
962 · Garnerville, NY
Zoning 962 · permitted uses
962 · Garnerville, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Garnerville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$35.0M
OFFICE BUILDING
Est. value
$58.6M
RESTAURANT
Est. value
$58.1M
COMMERCIAL (GENERAL)
Est. value
$41.6M
WAREHOUSE, STORAGE
Est. value
$40.8M
INDUSTRIAL (GENERAL)
Est. value
$33.8M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
17.77 ac
Current owner
From public records · entity-resolved
United Water New York INC
Entity
Free & Clear · 14 yrs held
Mailing address
3 CAVALRY DR, NEW CITY, NY 10956-5201
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
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
Jan 11, 2018
—
Rosman Center LLC
—
Loan Modification, Consolidation And Extension
related
$18,500,000 · Miscellaneous Ins Co
Jul 7, 2011
—
United Water New York INC
Rosman Center LLC
Grant Deed
related
—
Dec 19, 2007
—
Rosman Center LLC
—
Deed Of Trust
related
$13,250,000 · Manufacturers Traders & Trust
—
—
Rosman Center LLC
—
Deed Of Trust
related
$5,792,595 · Manufacturers Traders & Trust
—
—
Rosman Center LLC
—
Deed Of Trust
related
$5,250,000 · Manufacturers Trade & Tr
—
—
Rosman Center LLC
—
Loan Modification
related
$4,775,000 · Manufacturers & Traders Tr
—
—
Rosman Center LLC
—
Loan Modification
related
$4,775,000 · Manufacturers & Traders Tr
—
—
Rosman Center LLC
—
Deed Of Trust
related
$3,046,954 · Miscellaneous Ins Co
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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