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    25 Smith St Nanuet, NY 10954

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    25 Smith St Nanuet, NY 10954

    View on Map
    • Office buildings
    • 33,392 SF
    • 2.02 lot acres
    For Lease
    $8,555,000
    View Listing →
    Nanuet Office Building For Rent For Lease
    $8,555,000

    Nanuet Office Building For Rent

    Well-located office building in the heart of Rockland County's commercial district.

    25 Smith St, Nanuet, NY 10954
    View Listing
    Property ID
    US63-3262133
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jonathan Ritter Attorney at Law / Law Firm
    • Ritter & Company / Accounting Firm / Tax Preparation
    • STS OF NY INC / Employment Agency
    • Jaimie Vettichira Samuel, DO / Pediatrician / Medical Clinic
    • Hansa Reinsurance Co-America / Insurance Agency

    Property Details for 25 Smith St

    Year built
    1987
    Lot size
    2.02 lot acres
    Property size
    33,392 SF
    Zone code
    R5
    Property type
    Office buildings
    APN
    392089 64.6-1-10
    APU
    392089646110

    Description

    This exceptional creative office building, located at 25 Smith Street in Nanuet, NY, offers 18,944 square feet of completely vacant space, ideal for a single tenant or multiple occupants. The property is zoned RS and situated in Rockland County, providing easy access to major thoroughfares like Routes 304 and 59. The building boasts two elevators and ample parking, catering to the needs of a diverse workforce. Suites range from a minimum of 350 square feet to a maximum contiguous space of 7,482 square feet, offering flexibility for businesses of various sizes. The building's design incorporates two structures connected by a convenient breezeway. The building is well-maintained and presents a fantastic opportunity for businesses seeking a prominent location in the heart of Nanuet's commercial district. The listed rental rate is base rent

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Nanuet
    County
    Rockland
    State
    New York
    Longitude
    -73.9997
    Latitude
    41.0958
    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
    $180,900
    $1,149,100
    $1,330,000
    -
    $136,763
    $868,737
    $1,005,500

    Comparable in this City

    • Value Estimation
      $595,000
      1,696 SF

      75-77 Bardonia Rd

      OFFICE BUILDING • 1,696 SF
      75-77 Bardonia Rd, Bardonia, NY 10954
      View Details
    • Value Estimation
      $510,000
      1,200 SF

      5 Grandview Ave

      OFFICE BUILDING • 1,200 SF
      5 Grandview Ave, Nanuet, NY 10954-2510
      View Details
    • Value Estimation
      $885,000
      2,900 SF

      259 Middletown Rd

      PROFESSIONAL BUILDING • 2,900 SF
      259 Middletown Rd, Nanuet, NY 10954-1220
      View Details
    • Value Estimation
      $845,000
      2,112 SF

      41 Middletown Rd

      PROFESSIONAL BUILDING • 2,112 SF
      41 Middletown Rd, Nanuet, NY 10954-2802
      View Details
    • Value Estimation
      $2,445,000
      8,798 SF

      172 Main St

      OFFICE BUILDING • 8,798 SF
      172 Main St, Nanuet, NY 10954-3373
      View Details
    • Value Estimation
      $600,000
      2,640 SF

      113 Middletown Rd

      PROFESSIONAL BUILDING • 2,640 SF
      113 Middletown Rd, Nanuet, NY 10954-1929
      View Details

    Similar Nearby for Sale

    • $1,500,000

      Bardonia Commercial Building For Sale

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      View Details
    • $1,500,000

      Multi-Tenant Commercial Building For Sale

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      Furnished Medical Office Building

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    • $1,500,000

      Multi-Tenant Commercial Building For Sale

      Multi-tenant commercial building in Clarkstown, Route 304 corridor.
      133 Route 304, Clarkstown, NY 10954
      View Details
    • $339,000

      Professional Office Suite For Sale

      Well-located office suite with excellent visibility and ample parking.
      55 Old Turnpike Rd, Nanuet, NY 10954
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr

      Nanuet Office Building For Rent

      Well-kept office building in the heart of Rockland County's commercial district.
      25 Smith St, Nanuet, NY 10954
      View Details
    • $3,300 /Mo

      Nanuet Office Building For Rent

      Office building in the heart of Rockland County's commercial district.
      25 Smith St, Nanuet, NY 10954
      View Details
    View Listing
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    Nanuet, NY 10954
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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.

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    25 Smith St, Nanuet, NY, 10954

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