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    Property profile & analytics

    254 Main St New City, NY 10956

    • Office Units
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0523067
    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.

    Current Use by Public Records

    • RGA Investigations and Security Inc. / Law Firm / Security Service
    • Jay Golland, Attorney at Law / Law Firm
    • Law Office of Jonathan B. Ripps / Law Firm
    • Elizabeth A Haas Law Office / Law Firm
    • Law Offices of Mark D. Lefkowitz / Law Firm

    Property Details for 254 Main St

    Property type
    Office Units

    Description

    This exceptional office property at 254 S Main St, New City, NY 10956, offers a variety of flexible workspace solutions. Located in Rockland County, this multi-tenant building provides traditional, executive, and creative office spaces to suit diverse business needs. Currently, there is at least one available space, ranging in size from a generous 1,175 square feet to a substantial 4,750 square feet. The exact configuration and availability of these spaces should be confirmed directly. The building's address is conveniently situated at 254 S Main St, providing easy access to local amenities and transportation networks. This presents a unique opportunity for businesses seeking a well-located and adaptable office environment in a thriving Rockland County community. The property type is classified as an office building, catering to a variety of business models. The latitude and longitude coordinates are 41.138486411661795 and -73.98975326208979 respectively, allowing for precise location identification. Interested parties are encouraged to inquire about specific space availability, lease terms, and pricing details. This is an excellent opportunity to establish or expand your business in a desirable location within Rockland County. The property is ideal for businesses seeking a professional and functional workspace.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    New City
    County
    Rockland
    State
    New York
    Longitude
    -73.98975326209
    Latitude
    41.138486411662

    Comparable in this City

    • $3,125 /Mo

      Renovated Office Space in New City

      Professional office space in central Rockland County location for lease.
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      Renovated Office Space For Lease

      Professional office space in New City, recently renovated.
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    • $800 /Mo

      Office/Retail Space for Rent

      Office/retail space featuring an open layout and kitchenette.
      20 South Main St, New City, NY 10956
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    • $27 SF/Yr

      Premium Office Space in New City

      Class A office space in New City's commercial district.
      20 Squadron Blvd, New City, NY 10956
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      New City Commercial Space Available

      Commercial space in New City with offices and parking.
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    Similar Nearby for Lease

    • $3,125 /Mo

      Renovated Office Space in New City

      Professional office space in central Rockland County location for lease.
      7 Elmwood Dr, New City, NY 10956
      View Details
    • $1,562 /Mo

      Renovated Office Space For Lease

      Professional office space in New City, recently renovated.
      7 Elmwood Dr, New City, NY 10956
      View Details
    • $800 /Mo

      Office/Retail Space for Rent

      Office/retail space featuring an open layout and kitchenette.
      20 South Main St, New City, NY 10956
      View Details
    • $27 SF/Yr

      Premium Office Space in New City

      Class A office space in New City's commercial district.
      20 Squadron Blvd, New City, NY 10956
      View Details

    Property Visit Statistics

    • Visits by month
      12.5k
    • Visitors by month
      9.2k
    • Avg Time on site
      23 min
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    New City, NY 10956
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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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