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Property profile & analytics
FOR LEASE
Office buildings
25 Smith St 501 Nanuet, NY 10954
Entity Owned
Free & Clear
Property ID
US63-3262133
For Lease
1 / 2
$22 SF/Yr
25 Smith St,Unit 501, Nanuet, NY 10954
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Property summary
AI-generated overview
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
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
33,392 SF
Lot
2.02 ac (87,991 SF)
Zoning code
R5
APN
392089 64.6-1-10
UPID
US63-3262133
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.56M
Owner & transaction history
WALD REALTY CO 2 LLC
WALD REALTY CO 2 LLC
Zoning & alternative use
R5 · Nanuet, 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 Nanuet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nanuet 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$256 / 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
$1,330,000
Assessed 2023
Previous assessed
$1,330,000
+0.0% YoY
Assessed land
$180,900
Assessed improvement
$1,149,100
Land market value
$136,763
Improvement market value
$868,737
Total market value
$1,005,500
Applied tax rate
392,008.0000
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
OFFICE BUILDING
Status
For Lease
Year built
1987
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
5
Total area
33,392 SF
Lot
2.02 ac (87,991 SF)
Zoning code
R5
APN
392089 64.6-1-10
UPID
US63-3262133
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5 · Nanuet, NYZoning R5 · permitted uses
R5 · Nanuet, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Cooling
Yes
Stories
5
Buildings
2
Lot
2.02 ac
Current owner
From public records · entity-resolved
WALD REALTY CO 2 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 651, NANUET, NY 10954-0651
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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