Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Medical Office Space
168 Red Schoolhouse Rd Spring Valley, NY 10977-7031
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US63-1810886
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1985
Total area
20,262 SF
Lot
3.83 ac (166,835 SF)
Zoning code
L0
APN
392615 68.05-1-11
UPID
US63-1810886
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
-
Promenade at Chestnut Ridge Nursing Home Retirement Community
-
PEACE & SECURITY RESEARCH UNIVERSITY Research Foundation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.22M
Owner & transaction history
Esplanade Chestnut LLC · 24 yrs held
Esplanade Chestnut LLC
since 2002
7 recorded transactions
Zoning & alternative use
L0 · Spring Valley, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.0M
+55.5%
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
$1,070,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,295,000
Current use
WAREHOUSE, STORAGE
$2,010,000
Change: +55% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,050,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±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
$60 / 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
$825,000
Assessed 2023
Previous assessed
$825,000
+0.0% YoY
Assessed land
$60,000
Assessed improvement
$765,000
Land market value
$98,182
Improvement market value
$1,251,818
Total market value
$1,350,000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1985
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
1
Total area
20,262 SF
Lot
3.83 ac (166,835 SF)
Zoning code
L0
APN
392615 68.05-1-11
UPID
US63-1810886
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
L0 · Spring Valley, NYZoning L0 · permitted uses
L0 · Spring Valley, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING Current
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
1985
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
3.83 ac
Current owner
From public records · entity-resolved
Esplanade Chestnut LLC
Entity
Mailing address
168 RED SCHOOLHOUSE RD, SPRING VALLEY, NY 10977-7031
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2002
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
Jul 26, 2023
—
Esplanade Chestnut LLC
—
Deed
related
$7,500,000 · Ulster Savings Bank
Jul 19, 2002
—
Esplanade Chestnut LLC
Chestnut Ridge Development LLC
Quit Claim Deed
related
$198,370 · Health Care Reit INC
Jun 27, 2002
—
Chestnut Ridge Dev Kapson
—
Trustees Deed
related
$1,938,048 · Health Care Reit INC
—
—
Esplanade Chestnut LLC
—
Deed Of Trust
related
$749,692 · Sterling Nat'l Bk
—
—
Esplanade Chestnut LLC
—
Deed Of Trust
related
$2,000,000 · North Fork Bank
—
—
Chestnut Ridge Development LLC
—
Deed Of Trust
related
$4,370,006 · Health Care Reit INC
—
—
Chestnut Ridge Dev Kapson
—
Deed Of Trust
related
$890,829 · Health Care Reit INC
—
—
Esplanade Chestnut LLC
—
Deed Of Trust
related
$2,460,523 · North Fork 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 168 Red Schoolhouse Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
