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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Office buildings
196 Ramapo Rd, Garnerville, NY 10923-1511
Entity Owned
1-yr Hold
Free & Clear
Property ID
US63-0521327
Property summary
AI-generated overview
This 1,885 square foot office building at 196 Ramapo Rd, West Haverstraw, NY 10923, is offered for sale at $499,000 ($264.72/SF). Built in 1998, this single-story building sits on a 0.47-acre lot and is zoned R3, permitting multi-family use. However, the property's history includes use as medical offices. The building currently presents as a shell space, allowing for complete customization to suit a variety of uses. Twenty parking spaces are available on-site, providing ample parking for staff and clients. Its prime location offers high visibility and excellent access, making it particularly well-suited for medical practices, including urgent care facilities, given the thriving local community and high demand for healthcare services. Detailed plans are available upon request. This represents a unique opportunity to acquire a versatile commercial property in a desirable location. The property's high visibility and ample parking make it an attractive option for a variety of businesses seeking a prominent presence in a busy area.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Total area
1,885 SF
Lot
0.47 ac (20,473 SF)
Zoning code
361
APN
392203 26.11-1-3
UPID
US63-0521327
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. Howard Gordon Dental Office
-
Dr. Michael Bang Dental Office
-
Dr. Marc Faber Dental Office
-
Dr. Allison Blech Dental Office
-
Dr. William Limongelli Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$630k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$560k
Blend (final)
Blend
$620k
Owner & transaction history
196 Ramapo Rd Ny LLC · 1 yrs held
196 Ramapo Rd Ny LLC
since 2025
Last sale
$499,000
4 recorded transactions
Zoning & alternative use
361 · Garnerville, 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 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
$640,000
ML approach
$630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$975,000
Current use
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $499k (Nov 20 2024)
Last sale anchor
$499k
Nov 20 2024
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
$263,600
Assessed 2023
Previous assessed
$263,600
+0.0% YoY
Assessed land
$220,500
Assessed improvement
$43,100
Land market value
$359,765
Improvement market value
$70,321
Total market value
$430,086
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1979
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
1,885 SF
Lot
0.47 ac (20,473 SF)
Zoning code
361
APN
392203 26.11-1-3
UPID
US63-0521327
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
361 · Garnerville, NY
Zoning 361 · permitted uses
361 · 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
OFFICE BUILDING Current
Est. value
$975,000
OFFICE BUILDING Current
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
1979
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
196 Ramapo Rd Ny LLC
Entity
Free & Clear · 1 yrs held
Mailing address
196 RAMAPO RD, GARNERVILLE, NY 10923-1511
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2025
$499,000
196 Ramapo Rd Ny LLC
196 Ramapo LLC
Bargain & Sale Deed
—
Nov 22, 2022
$450,000
196 Ramapo LLC
Yellow Building Realty LLC
Bargain And Sale Deed
—
Feb 26, 2020
$420,000
Yellow Building Realty LLC
Aa&m Management LLC
Bargain And Sale Deed
$378,000 · M & T Bank
Aug 3, 2004
$400,000
Aa & M Management LLC
Limongelli,william
Grant Deed
$584,400 · Temecula Valley Bank NA
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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