Entity Owned 
For Lease
1 / 14
$26 SF/Yr
123 Route 59 E, Nanuet, NY 10954
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Property summary
AI-generated overview
This exceptional retail opportunity is located at 123 Route 59 in Nanuet, New York, within Rockland County's bustling commercial district. The property boasts a total of 9,600 square feet, currently entirely vacant and available for lease. Flexible space options are available, ranging from a minimum of 3,800 square feet to a maximum contiguous space of 5,800 square feet. The property is zoned CS (Community Shopping), reflecting its prime retail location. Its previous use as a bank included a drive-thru, presenting unique possibilities for adaptive reuse. High traffic counts are a key feature, with over 850,000 vehicles passing the site annually, according to 2019 NYS DOT data. The property offers significant potential for businesses seeking high visibility and accessibility. Prospective tenants should note that 45% of the following monthly expenses are included in the lease: taxes ($2,911.13), insurance ($217.47), and common area maintenance ($604.66). This prime location in Nanuet, NY, offers unparalleled access to a large consumer base and presents a remarkable opportunity for a variety of retail businesses. The property's size and configuration provide flexibility for various retail concepts. Contact us today to learn more about this exceptional retail space.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Total area
8,331 SF
Lot
0.56 ac (24,394 SF)
Zoning code
RS
APN
392089 64.5-2-24
UPID
US63-3102584
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$530k
Owner & transaction history
since 2016
1 recorded transaction
Zoning & alternative use
RS · Nanuet, NY
Top alternative use upside
Auto repair, garage
$1.7M
+61.6%
Restaurant
$1.6M
+51.2%
Commercial (general)
$1.4M
+28.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 7 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$530k
Value range
$477k – $583k
±10% around blend
Estimated value / SF
$64 / SF
Confidence
High
7 county-verified comps
Property data
88
Comparable evidence
70
Income certainty
100
$477k
blend $530k
$583k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,331 SF
Lot area
0.56 ac
Year built
1965
Stories
1
APN
392089 64.5-2-24
Zoning
RS
Assessed value
$448,200
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$4.67M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
18.6 mi away · 10,000 SF
19.5 mi away · 6,060 SF
24.0 mi away · 9,516 SF
24.1 mi away · 7,471 SF
24.1 mi away · 6,475 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$530k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+62%
vs current-use indication
Restaurant
Commercial (general)
Office Building
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.17M
Move the market yield to see immediate price impact.
Value / SF
$140
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$74k
$1.47M
$1.05M
$817k
$82k
$1.63M
$1.17M
$908k
$90k
$1.80M
$1.28M
$998k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$1.66M
13.0 mi · Nov 2025 · $223/SF
Property tax & assessments
Property tax & assessments
Assessed value
$448,200
Assessed 2023
Previous assessed
$448,200
+0.0% YoY
Assessed land
$122,600
Assessed improvement
$325,600
Land market value
$110,072
Improvement market value
$292,328
Total market value
$402,400
Applied tax rate
392,008.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1965
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Total area
8,331 SF
Lot
0.56 ac (24,394 SF)
Zoning code
RS
APN
392089 64.5-2-24
UPID
US63-3102584
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
RS · Nanuet, NYZoning RS · permitted uses
RS · Nanuet, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Heating
HOT WATER
Cooling
Yes
Stories
1
Lot
0.56 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
RS
Jurisdiction
Nanuet, NY
Recorded code
RS
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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