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Property profile & analytics
OFF-MARKET
Estimated value
$46,100,000
Warehouses
240 Nyack Rd 280, West Nyack, NY 10994-1711
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-3760927
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Total area
246,340 SF
Lot
14.91 ac (649,480 SF)
Zoning code
LI
APN
392089 58.18-1-18
UPID
US63-3760927
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
-
Internal Revenue Service (IRS) Taxpayer Assistance Center Government Office Tax Department
-
U.S. Social Security Administration Federal Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$28.95M
Comparable Approach
Comparable
$62.30M
Blend (final)
Blend
$46.10M
Owner & transaction history
250 West Nyack Property LLC · 6 yrs held
250 West Nyack Property LLC
since 2020
Last sale
$52.5M
4 recorded transactions
Zoning & alternative use
LI · West Nyack, 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 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%
$31,365,000
6.5%
$28,950,000
7%
$26,885,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$76,090,000
Change: -14% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$73,395,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$46.10M
Range $41.49M – $50.71M · ±10% · vs last sale $52.50M (Feb 7 2020)
Last sale anchor
$52.50M
Feb 7 2020
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
$187 / 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
$4,178,800
Assessed 2023
Previous assessed
$4,178,800
+0.0% YoY
Assessed land
$895,400
Assessed improvement
$3,283,400
Land market value
$1,508,968
Improvement market value
$5,533,332
Total market value
$7,042,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1971
Heating
NONE
Cooling
PARTIAL
Stories
2
Total area
246,340 SF
Lot
14.91 ac (649,480 SF)
Zoning code
LI
APN
392089 58.18-1-18
UPID
US63-3760927
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
LI · West Nyack, NY
Zoning LI · permitted uses
LI · West Nyack, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Nyack. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$76.1M
INDUSTRIAL (GENERAL)
Est. value
$73.4M
NEIGHBORHOOD: SHOPPING CENTER
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
1971
Heating
NONE
Cooling
Yes
Stories
2
Lot
14.91 ac
Current owner
From public records · entity-resolved
250 West Nyack Property LLC
Entity
Mailing address
280 PARK AVE, NEW YORK, NY 10017-1274
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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 7, 2020
$23,200,000
250 West Nyack Property LLC
Ks Property LLC
Bargain And Sale Deed
$1,705,702 · Citibank
Feb 7, 2020
—
250 West Nyack Property LLC
—
Deed
related
$14,730,937 · Citibank
—
—
Ks Property LLC
—
Deed Of Trust
related
$1,809,094 · Oritani Fin
—
—
Ks Property LLC
—
Deed Of Trust
related
$10,800,000 · Oritani Finance Co
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.
Try Rey
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