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Property profile & analytics
OFF-MARKET
Estimated value
$36,590,000
Office buildings
2 Centerock Rd, West Nyack, NY 10994-2215
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-3222552
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2015
Total area
72,019 SF
Lot
9.86 ac (429,502 SF)
APN
392089 64.8-3-7.3
UPID
US63-3222552
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
-
Jordana Nejman-Muhlmeister, PsyD Physician Medical Clinic
-
Marsha Charles-Pierre, MD Physician
-
Larisa Tsaur, MD Medical Clinic
-
Laura Ronen Physician
-
Richard Martirosian, DO Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.71M
Comparable Approach
Comparable
$34.36M
Blend (final)
Blend
$36.59M
Owner & transaction history
Hpiii Hudson Valley II LLC · 4 yrs held
Hpiii Hudson Valley II LLC
since 2021
Last sale
$39.2M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$41.3M
+11.1%
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 West Nyack submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Nyack 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%
$36,515,000
6.5%
$33,705,000
7%
$31,295,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$37,205,000
Current use
AUTO REPAIR, GARAGE
$41,340,000
Change: +11% · Conversion: Difficult
RESTAURANT
$36,920,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$36.59M
Range $32.93M – $40.25M · ±10% · vs last sale $39.15M (Oct 22 2021)
Last sale anchor
$39.15M
Oct 22 2021
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
$508 / 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
$2,793,000
Assessed 2023
Previous assessed
$2,793,000
+0.0% YoY
Assessed land
$343,000
Assessed improvement
$2,450,000
Land market value
$60,654
Improvement market value
$433,246
Total market value
$493,900
Applied tax rate
392,001.0000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2015
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
72,019 SF
Lot
9.86 ac (429,502 SF)
APN
392089 64.8-3-7.3
UPID
US63-3222552
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
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
OFFICE BUILDING Current
Est. value
$37.2M
AUTO REPAIR, GARAGE
Est. value
$41.3M
RESTAURANT
Est. value
$36.9M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
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
2015
Heating
NONE
Cooling
Yes
Stories
2
Lot
9.86 ac
Current owner
From public records · entity-resolved
Hpiii Hudson Valley II LLC
Entity
Mailing address
STE 500TH 500, MILWAUKEE, WI 53202
Ownership since
2021
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
Oct 22, 2021
$39,150,000
Hpiii Hudson Valley II LLC
Crh Realty Ix LLC
Bargain And Sale Deed
$30,281,250 · Siemens Financial Services INC
Nov 17, 2015
—
Crh Realty Ix LLC
—
Deed Of Trust
related
$21,250,000 · Lakeland Bk
Jul 8, 2015
$3,350,000
Crh Realty Ix LLC
Gbr Three Crosfield LLC
Grant Deed
—
Jul 8, 2015
—
Crh Realty Ix LLC
Gbr Three Crosfield LLC
Quit Claim Deed
related
—
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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