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    200 Rte 303 West Nyack, NY 10994-1619
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    Property profile & analytics

    200 Rte 303 West Nyack, NY 10994-1619

    View on Map
    • Warehouses
    • 26,720 SF
    • 3.00 lot acres
    Off-Market
    Property ID
    US63-2640618
    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.
    Value Estimations
    $2,260,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • virtu floors / Carpet & Flooring Store / Hardware & Home Improvement
    • Yossi's Woodworx Inc. / Production Facility / Factory
    • Shlep / Car Rental Facility

    Property Details for 200 Rte 303

    Year built
    1968
    Lot size
    3.00 lot acres
    Property size
    26,720 SF
    Property type
    Warehouses
    APN
    392089 59.18-1-12
    APU
    3920895918112

    Description

    This exceptional 3-acre commercial redevelopment site presents a unique investment opportunity in the thriving West Nyack, New York market. Located at 200 Route 303, this property boasts a substantial 26,500 square foot footprint, offering significant potential for a variety of commercial ventures. The site's single-tenant history simplifies redevelopment planning, eliminating the complexities associated with multiple occupancies. Situated in Rockland County, NY, this location benefits from excellent accessibility via Route 303, ensuring high visibility and convenient access for both employees and customers. The expansive lot size provides ample space for ambitious development projects, allowing for creative design and efficient utilization of the land. The property's zoning and permitted uses should be independently verified to ensure alignment with any prospective development plans. This is an exceptional chance to acquire a significant commercial parcel in a desirable location, ripe for redevelopment and poised for substantial returns. The property is zoned for commercial use, and the previous structure was a single-tenant building. Further due diligence is recommended to confirm all aspects of the property's suitability for intended use. The zip code is 10994.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,400,000
      6.5%
      $3,140,000
      7%
      $2,915,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,639,000
      Market price range: $1.23M - $4.74M

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

    Location Insight

    • Map
    • Local Demand
    City
    West Nyack
    County
    Rockland
    State
    New York
    Longitude
    -73.951
    Latitude
    41.1016
    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
    $144,000
    $456,000
    $600,000
    -
    $311,928
    $987,772
    $1,299,700

    Comparable in this City

    • Value Estimation by Request
      2,356 SF

      349 Rte 59

      WAREHOUSE, STORAGE • 2,356 SF
      349 Rte 59, West Nyack, NY 10994
      View Details
    • Value Estimation by Request
      2,862 SF

      736 Nyack Rd

      WAREHOUSE, STORAGE • 2,862 SF
      736 Nyack Rd, West Nyack, NY 10994-1945
      View Details
    • Value Estimation by Request
      105,463 SF

      100 Snake Hl Rd

      WAREHOUSE, STORAGE • 105,463 SF
      100 Snake Hl Rd, West Nyack, NY 10994-1628
      View Details
    • Value Estimation
      $585,000
      4,500 SF

      755 Nyack Rd

      WAREHOUSE, STORAGE • 4,500 SF
      755 Nyack Rd, West Nyack, NY 10994-1937
      View Details
    • Value Estimation
      $46,100,000
      246,340 SF

      240 Nyack Rd, Unit 280

      WAREHOUSE, STORAGE • 246,340 SF
      240 Nyack Rd, West Nyack, NY 10994-1711
      View Details
    • Value Estimation
      $2,180,000
      24,672 SF

      167-171 Western Hwy

      WAREHOUSE, STORAGE • 24,672 SF
      167-171 Western Hwy, West Nyack, NY 10994
      View Details

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    • Contact for pricing

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      5,765 SF

      West Nyack Value-Add Opportunity

      Freestanding building on Route 303 with redevelopment potential.
      78 Route 303 N, West Nyack, NY 10994
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    • $250,000
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      West Nyack Buildable Lot

      Residential land for single family dwelling in West Nyack.
      18 Scotty Ln, West Nyack, NY 10994
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    • Contact for pricing
      2,718 SF

      West Nyack Mixed-Use Office Building

      Freestanding Office & Residential Property
      145 Ny-303, West Nyack, NY 10994
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      West Nyack Warehouse Space

      Warehouse space available for lease in West Nyack, NY.
      167 Western Hwy North, West Nyack, NY 10994
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    • $11,750 /Mo

      Industrial Space with Upgraded Systems

      6,000 SF industrial space ideal for light manufacturing.
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      16,500 SF

      Freestanding Flex Facility For Rent

      Freestanding flex facility with easy access to major routes.
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      View Details
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    West Nyack, NY 10994-1619
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    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
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