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Property profile & analytics
OFF-MARKET
Estimated value
$33,980,000
Strip malls
22 Holt Dr Stony Point, NY 10980-1922
Individually Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-0897418
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2011
Total area
94,493 SF
Lot
9.57 ac (416,869 SF)
Zoning code
BU
APN
392800 20.04-11-2.2
UPID
US63-0897418
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
-
Sakura Restaurant
-
Sakura Japanese Cuisine Restaurant
-
ShopRite Pharmacy of Stony Point Pharmacy
-
ShopRite of Stony Point Grocery & Convenience Store Food Market
-
Pet Supplies Plus Stony Point (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$36.75M
Blend (final)
Blend
$33.98M
Owner & transaction history
Drive Assocs L Crossroads-holt · 16 yrs held
Drive Assocs L Crossroads-holt
since 2009
6 recorded transactions
Zoning & alternative use
BU · Stony Point, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$54.2M
+85.9%
Office building
$48.8M
+67.3%
Restaurant
$48.4M
+66.0%
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 Stony Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Stony Point 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
NEIGHBORHOOD: SHOPPING CENTER
$29,185,000
Current use
AUTO REPAIR, GARAGE
$54,245,000
Change: +86% · Conversion: Difficult
OFFICE BUILDING
$48,815,000
Change: +67% · Conversion: Moderate
RESTAURANT
$48,440,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$34,665,000
Change: +19% · Conversion: Easy
WAREHOUSE, STORAGE
$33,965,000
Change: +16% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$28,155,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$33.98M
Range $30.58M – $37.38M · ±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
$360 / 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
$1,260,000
Assessed 2023
Previous assessed
$1,400,000
-10.0% YoY
Assessed land
$82,000
Assessed improvement
$1,178,000
Land market value
$838,446
Improvement market value
$12,044,990
Total market value
$12,883,436
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2011
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
94,493 SF
Lot
9.57 ac (416,869 SF)
Zoning code
BU
APN
392800 20.04-11-2.2
UPID
US63-0897418
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
BU · Stony Point, NY
Zoning BU · permitted uses
BU · Stony Point, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Stony Point. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$29.2M
AUTO REPAIR, GARAGE
Est. value
$54.2M
OFFICE BUILDING
Est. value
$48.8M
RESTAURANT
Est. value
$48.4M
COMMERCIAL (GENERAL)
Est. value
$34.7M
WAREHOUSE, STORAGE
Est. value
$34.0M
INDUSTRIAL (GENERAL)
Est. value
$28.2M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
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
2011
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
9.57 ac
Current owner
From public records · entity-resolved
Drive Assocs L Crossroads-holt
Individual
Mailing address
20 RDG RD STE #210, MAHWAH, NJ 07430-2010
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2018
—
Crossroads-holt Drive Assocs L
—
Deed
related
$1,851,388 · Barclays Bk/plc
Oct 1, 2009
—
Crossroads-holt Drive Assocs L
—
Grant Deed
related
$12,000,000 · Oritani Bank
Aug 10, 2009
$4,500,000
Drive Assocs L Crossroads-holt
Dynamic Fitness Products INC
Grant Deed
—
—
—
Dynamic Fitness Products INC
—
Deed Of Trust
related
$500,000 · Provident Bank INC
—
—
Crossroads-holt Drive Assocs L
—
Loan Modification
related
$15,900,000 · Barclays Bk/plc
—
—
Crossroads-holt Drive Assocs L
—
Deed Of Trust
related
$1,851,388 · Barclays Bk/plc
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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