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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Warehouses
40 Grv St 50 Spring Valley, NY 10977-4852
Trust Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-1588924
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Total area
7,200 SF
Lot
0.75 ac (32,670 SF)
Zoning code
GB
APN
392605 57.38-1-30
UPID
US63-1588924
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
-
Tony M's Auto Body Inc Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$845k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$855k
Owner & transaction history
Bornstein Stuart Living Trust · 14 yrs held
Bornstein Stuart Living Trust
since 2011
1 recorded transaction
Zoning & alternative use
GB · Spring Valley, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
. 2-1996 ] RSH Specialized Housing Residential District PRD Planned Residential Development Overlay District POR Professional Office-Residential District PO Professional Office District NB Neighborhood Business District GB General Business District HB Highway Business District PLI Planned Light Industrial District FPO Floodplain Overlay District § 255-8 Zoni…
Zone name
General Business
General category
COMMERCIAL
Zone area
158.64 ac
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 Spring Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Valley 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%
$915,000
6.5%
$845,000
7%
$785,000
Blend value · Realmo final
$855k
Range $770k – $941k · ±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
$119 / 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
$274,100
Assessed 2023
Previous assessed
$274,100
+0.0% YoY
Assessed land
$24,100
Assessed improvement
$250,000
Land market value
$24,100
Improvement market value
$250,000
Total market value
$274,100
Applied tax rate
392,602.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Heating
NONE
Buildings
2
Stories
2
Total area
7,200 SF
Lot
0.75 ac (32,670 SF)
Zoning code
GB
APN
392605 57.38-1-30
UPID
US63-1588924
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
GB · Spring Valley, NYZoning GB · permitted uses
GB · Spring Valley, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
. 2-1996 ] RSH Specialized Housing Residential District PRD Planned Residential Development Overlay District POR Professional Office-Residential District PO Professional Office District NB Neighborhood Business District GB General Business District HB Highway Business District PLI Planned Light Industrial District FPO Floodplain Overlay District § 255-8 Zoning Map. The boundaries of said districts are hereby established as shown on the Zo
Zone name
General Business
General category
COMMERCIAL
Zone area
158.64 ac
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Stories
2
Buildings
2
Lot
0.75 ac
Current owner
From public records · entity-resolved
Bornstein Stuart Living Trust
Trust
Free & Clear · 14 yrs held
Mailing address
145 HOWARD AVE, TAPPAN, NY 10983-1000
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2011
—
Bornstein Stuart Living Trust
Bornstein,stuart
Quit Claim Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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