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Property profile & analytics
FOR LEASE
Showrooms
4 Commerce Dr S, Harriman, NY 10926
Entity Owned
13-yr Hold
Free & Clear
Property ID
US63-2643822
For Lease
$7,255,000
4 Commerce Dr S, Harriman, NY 10926
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2005
Total area
51,071 SF
Lot
6.1 ac (265,716 SF)
Zoning code
PAD
APN
335801 108-1-15.22
UPID
US63-2643822
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
-
Chrysler Training Center High School
-
Verso Paper Mill
-
Tyco SimplexGrinnell Production Facility Building Supply
-
Commerce Drive Associates Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.84M
Comparable Approach
Comparable
$9.62M
Blend (final)
Blend
$7.26M
Owner & transaction history
4 Comerce Drive Associates LLC · 13 yrs held
4 Comerce Drive Associates LLC
since 2013
3 recorded transactions
Zoning & alternative use
PAD · Harriman, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$10.5M
+45.6%
Office building
$9.7M
+34.3%
Auto repair, garage
$8.5M
+17.8%
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 Harriman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harriman 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%
$7,410,000
6.5%
$6,840,000
7%
$6,355,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,235,000
Current use
RETAIL STORES
$10,535,000
Change: +46% · Conversion: Easy
OFFICE BUILDING
$9,720,000
Change: +34% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,530,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$7.26M
Range $6.53M – $7.98M · ±10%
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
$142 / 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
Tax year 2021Property tax & assessments
Tax year 2021
Assessed value
$1,037,700
Assessed 2023
Previous assessed
$1,037,700
+0.0% YoY
Assessed land
$90,600
Assessed improvement
$947,100
Land market value
$309,212
Improvement market value
$3,232,388
Total market value
$3,541,600
Applied tax rate
334,001.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
2005
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
2
Total area
51,071 SF
Lot
6.1 ac (265,716 SF)
Zoning code
PAD
APN
335801 108-1-15.22
UPID
US63-2643822
Jurisdiction
ORANGE
Zoning & alternative use
PAD · Harriman, NY
Zoning PAD · permitted uses
PAD · Harriman, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Harriman. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$7.2M
RETAIL STORES
Est. value
$10.5M
OFFICE BUILDING
Est. value
$9.7M
AUTO REPAIR, GARAGE
Est. value
$8.5M
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2005
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
6.1 ac
Current owner
From public records · entity-resolved
4 Comerce Drive Associates LLC
Entity
Free & Clear · 13 yrs held
Mailing address
2 PARK WAY #17, UPPER SADDLE RIVER, NJ 07458-2345
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2013
—
4 Comerce Drive Associates LLC
Commerce Drive Associates LLC
Grant Deed
related
—
—
—
4 Commerce Drive Assocs LLC
—
Deed Of Trust
related
$3,700,000 · Columbia Bank
—
—
4 Commerce Drive Assocs LLC
—
Deed Of Trust
related
$974,156 · Columbia Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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