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Property profile & analytics
OFF-MARKET
Estimated value
$3,720,000
Medical Office Space
199 Middletown Rd Nanuet, NY 10954-1317
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US63-0330907
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1976
Total area
71,443 SF
Lot
8.7 ac (378,972 SF)
Zoning code
R1
APN
392089 58.9-1-39
UPID
US63-0330907
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
-
Janet Sotomayor, PHD Physician Medical Clinic
-
Northern Manor Multicare Center Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.72M
Owner & transaction history
County Of Rockland · 20 yrs held
County Of Rockland
since 2006
3 recorded transactions
Zoning & alternative use
R1 · Nanuet, 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 Nanuet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nanuet 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
MEDICAL BUILDING
$4,555,000
Current use
INDUSTRIAL (GENERAL)
$4,235,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$3.72M
Range $3.35M – $4.09M · ±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
$52 / 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
$3,260,400
Assessed 2023
Previous assessed
$3,260,400
+0.0% YoY
Assessed land
$324,000
Assessed improvement
$2,936,400
Land market value
$417,372
Improvement market value
$3,782,628
Total market value
$4,200,000
Applied tax rate
392,008.0000
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
1976
Heating
HOT WATER
Cooling
CENTRAL
Stories
3
Total area
71,443 SF
Lot
8.7 ac (378,972 SF)
Zoning code
R1
APN
392089 58.9-1-39
UPID
US63-0330907
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R1 · Nanuet, NYZoning R1 · permitted uses
R1 · Nanuet, 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
$4.6M
INDUSTRIAL (GENERAL)
Est. value
$4.2M
MEDICAL BUILDING Current
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
1976
Heating
HOT WATER
Cooling
Yes
Stories
3
Lot
8.7 ac
Current owner
From public records · entity-resolved
County Of Rockland
Entity
Mailing address
4770 WHITE PLNS RD, BRONX, NY 10470-1136
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2024
—
Rockland County Industrial Dev Agen
—
Deed
related
$3,570,720 · M & T Bank
Jun 13, 2006
—
County Of Rockland
Northern Mnr Geriatric Center
Grant Deed
—
—
—
County Of Rockland Indl Developm
—
Deed Of Trust
related
$500,000 · Manufacturers Traders & Trust
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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