Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    28 Rte 59 Nyack, NY 10960-2913

    • Automotive properties
    • 1,008 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2291348
    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

    • Automotive properties

    Property Details for 28 Rte 59

    Year built
    1978
    Lot size
    0.21 lot acres
    Property size
    1,008 SF
    Property type
    Automotive properties
    APN
    392005 65.35-1-19
    APU
    3920056535119

    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
    Nyack
    County
    Rockland
    State
    New York
    Longitude
    -73.9334
    Latitude
    41.0939
    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
    $72,450
    $22,450
    $94,900
    -
    $72,450
    $22,450
    $94,900

    Comparable in this City

    • Value Estimation
      $550,000
      6,000 SF

      256 Main St

      VEHICLE SALES, RENTALS • 6,000 SF
      256 Main St, Nyack, NY 10960-2418
      View Details
    • Value Estimation by Request
      0.28 Acres

      73 Highland Ave

      VEHICLE SALES, RENTALS • 0.28 Acres
      73 Highland Ave, Nyack, NY 10960-1804
      View Details
    • Value Estimation
      $2,520,000
      21,822 SF

      115 Rte 59

      VEHICLE SALES, RENTALS • 21,822 SF
      115 Rte 59, Nyack, NY 10960-2815
      View Details
    • Value Estimation by Request
      0.09 Acres

      6 Highland Ave

      PARKING LOT • 0.09 Acres
      6 Highland Ave, Nyack, NY 10960-2443
      View Details
    • Value Estimation
      $530,000
      2,142 SF

      58 Rte 59

      AUTO REPAIR, GARAGE • 2,142 SF
      58 Rte 59, Nyack, NY 10960-2816
      View Details
    • Value Estimation
      $1,450,000
      4,158 SF

      64 Catherine St

      AUTO REPAIR, GARAGE • 4,158 SF
      64 Catherine St, Nyack, NY 10960-2403
      View Details

    Similar Nearby for Sale

    • $1,300,000
      5,357 SF

      Nyack Mixed-Use Investment Opportunity

      Four-unit building, high rental potential
      38 Franklin St, Nyack, NY 10960
      View Details
    • $1,250,000
      3,826 SF

      Mixed-Use Investment Opportunity in Nyack

      Mixed-use building with income-producing units and development potential.
      169 Sickles Ave, Nyack, NY 10960
      View Details
    • New
      $499,000
      Pending

      Turn-Key Restaurant Building in Nyack

      Freestanding restaurant in downtown Nyack, ready for its next chapter.
      162 Main St, Nyack, NY 10960
      View Details
    • $399,999

      Nyack Mixed-Use Building For Sale

      Multi-use building with storefronts and apartment in Nyack, NY.
      78 Burd St, Nyack, NY 10960
      View Details
    • $1,100,000
      Pending

      Nyack Retail Building For Sale

      Commercial building in Nyack with expansion potential.
      294-298 Main St, Nyack, NY 10960
      View Details
    • $1,150,000
      3,440 SF

      Downtown Nyack Retail Investment

      High-traffic Main Street retail space.
      50 Main St, Nyack, NY 10960
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr

      Refurbished Commerce Center Space Available

      Modern, unique commerce center with various units available for rent.
      142 Main St, Nyack, NY 10960
      View Details
    • $25 SF/Yr

      Mainstream Commons Retail/Office Space

      Newly refurbished commerce center with units from 300 to 3,400 SF.
      142 Nyack Plz, Nyack, NY 10960
      View Details
    • $25 SF/Yr

      Refurbished Commerce Center Space Available

      Modern, unique commerce center with various units available for rent.
      142 Nyack Plz, Nyack, NY 10960
      View Details
    • $3,000 /Mo
      1,742 SF

      Retail Space in Nyack, NY

      Retail space with high visibility and foot traffic in Nyack.
      7 S Broadway, Nyack, NY 10960
      View Details
    • $2,500 /Mo
      38,333 SF

      Retail Space in Grand Nyack

      Retail space in a 10-store strip mall on Route 59.
      298 Ny-59, Nyack, NY 10960
      View Details
    • Contact for pricing
      6,000 SF

      Nyack Restaurant/Bar Space For Rent

      Trophy restaurant/bar space in Nyack with parking.
      173 Main St, Nyack, NY 10960
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    28 Rte 59
    Nyack, NY 10960-2913
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.