Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    162 Main St Nyack, NY 10960

    • Turn key restaurants
    • 1,484 SF
    • 0.04 lot acres
    For Sale
    View listing
    $499,000
    Last Sale
    Feb 27, 2024
    $650,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2788103
    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

    • Turn key restaurants

    Property Details for 162 Main St

    Year built
    1900
    Lot size
    0.04 lot acres
    Property size
    1,484 SF
    Zone code
    C-1
    Property type
    Turn key restaurants
    APN
    392403 66.29-2-79
    APU
    3924036629279

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $650,000
      ML approach
      $650,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $437,000
      Market price range: $166k - $451k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $760,000
      Current use
      AUTO REPAIR, GARAGE
      $850,000
      Change: +12% Conversion: Difficult
      OFFICE BUILDING
      $765,000
      Change: +1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Nyack
    County
    Rockland
    State
    New York
    Longitude
    -73.9228
    Latitude
    41.0919
    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
    $60,400
    $105,600
    $166,000
    -
    $169,520
    $296,380
    $465,900

    Comparable in this City

    • Value Estimation by Request
      4,574 SF

      425 Highland Ave

      RESTAURANT • 4,574 SF
      425 Highland Ave, Nyack, NY 10960-1338
      View Details
    • Value Estimation
      $645,000
      4,574 SF

      84 Main St

      RESTAURANT • 4,574 SF
      84 Main St, Nyack, NY 10960-3110
      View Details
    • Value Estimation by Request
      0.03 Acres

      26 Franklin St

      RESTAURANT • 0.03 Acres
      26 Franklin St, Nyack, NY 10960-3138
      View Details
    • Value Estimation by Request
      1,032 SF

      6 Park St

      RESTAURANT • 1,032 SF
      6 Park St, Nyack, NY 10960-2608
      View Details
    • Value Estimation by Request
      950 SF

      17 Franklin St

      RESTAURANT • 950 SF
      17 Franklin St, Nyack, NY 10960-2538
      View Details
    • Value Estimation
      $825,000
      3,865 SF

      93-95 Broadway

      RESTAURANT • 3,865 SF
      93-95 Broadway, Nyack, NY 10960
      View Details

    Similar Nearby for Sale

    • $499,000
      0.04 Acres

      Turn-Key Restaurant Building in Nyack

      Freestanding restaurant in downtown Nyack, ready for its next chapter.
      162 Main St, Nyack, NY 10960
      View Details
    • $150,000
      2,178 SF

      Established Restaurant Opportunity in Nyack

      Turn-key restaurant with 55 seats in a prime location.
      93 Main St, Nyack, NY 10960
      View Details
    • $1,300,000
      5,357 SF

      Nyack Mixed-Use Investment Opportunity

      Four-unit building, high rental potential
      38 Franklin St, Nyack, NY 10960
      View Details
    • $1,250,000
      3,826 SF

      Mixed-Use Investment Opportunity in Nyack

      Mixed-use building with income-producing units and development potential.
      169 Sickles Ave, Nyack, NY 10960
      View Details
    • $399,999

      Nyack Mixed-Use Building For Sale

      Multi-use building with storefronts and apartment in Nyack, NY.
      78 Burd St, Nyack, NY 10960
      View Details
    • $1,100,000
      Pending

      Nyack Retail Building For Sale

      Commercial building in Nyack with expansion potential.
      294-298 Main St, Nyack, NY 10960
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Nyack Restaurant/Bar Space For Rent

      Trophy restaurant/bar space in Nyack with parking.
      173 Main St, Nyack, NY 10960
      View Details
    • $1,850 /Mo
      16,988 SF

      Office Space in Iconic Building

      Office space available in a high-visibility, well-located building.
      282 S Broadway, Nyack, NY 10960
      View Details
    • $25 SF/Yr

      Refurbished Commerce Center Space Available

      Modern, unique commerce center with various units available for rent.
      142 Main St, Nyack, NY 10960
      View Details
    • $25 SF/Yr

      Mainstream Commons Retail/Office Space

      Newly refurbished commerce center with units from 300 to 3,400 SF.
      142 Nyack Plz, Nyack, NY 10960
      View Details
    • $25 SF/Yr

      Refurbished Commerce Center Space Available

      Modern, unique commerce center with various units available for rent.
      142 Nyack Plz, Nyack, NY 10960
      View Details
    • $3,000 /Mo
      1,742 SF

      Retail Space in Nyack, NY

      Retail space with high visibility and foot traffic in Nyack.
      7 S Broadway, Nyack, NY 10960
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    162 Main St
    Nyack, NY 10960
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.