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Property profile & analytics
FOR LEASE
Manufacturing properties
400 Corporate Dr Blauvelt, NY 10913
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-2918752
For Lease
$9,595,000
400 Corporate Dr, Blauvelt, NY 10913
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1986
Total area
41,530 SF
Lot
3.7 ac (161,172 SF)
Zoning code
LI
APN
392489 65.18-1-27
UPID
US63-2918752
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
-
SXS Mobility Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.07M
Comparable Approach
Comparable
$12.51M
Blend (final)
Blend
$9.60M
Owner & transaction history
Pg Oe 400 Corporate Drive Owner LLC · 5 yrs held
Pg Oe 400 Corporate Drive Owner LLC
since 2021
Last sale
$7.5M
4 recorded transactions
Zoning & alternative use
LI · Blauvelt, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$15.2M
+23.1%
Warehouse, storage
$14.9M
+20.7%
Neighborhood: shopping center
$12.8M
+3.7%
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 Blauvelt submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blauvelt 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%
$9,825,000
6.5%
$9,070,000
7%
$8,425,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$12,375,000
Current use
COMMERCIAL (GENERAL)
$15,235,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$14,930,000
Change: +21% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$12,830,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$9.60M
Range $8.64M – $10.55M · ±10% · vs last sale $7.51M (Apr 19 2021)
Last sale anchor
$7.51M
Apr 19 2021
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
$231 / 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
$1,084,500
Assessed 2023
Previous assessed
$1,084,500
+0.0% YoY
Assessed land
$400,000
Assessed improvement
$684,500
Land market value
$1,122,649
Improvement market value
$1,921,134
Total market value
$3,043,783
Applied tax rate
392,401.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1986
Heating
NONE
Buildings
2
Stories
1
Total area
41,530 SF
Lot
3.7 ac (161,172 SF)
Zoning code
LI
APN
392489 65.18-1-27
UPID
US63-2918752
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
LI · Blauvelt, NY
Zoning LI · permitted uses
LI · Blauvelt, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Blauvelt. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$12.4M
COMMERCIAL (GENERAL)
Est. value
$15.2M
WAREHOUSE, STORAGE
Est. value
$14.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.8M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1986
Heating
NONE
Stories
1
Buildings
2
Lot
3.7 ac
Current owner
From public records · entity-resolved
Pg Oe 400 Corporate Drive Owner LLC
Entity
Mailing address
900 US HWY 9TH N STE #400, WOODBRIDGE, NJ 07095-1003
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2021
$7,505,218
Pg Oe 400 Corporate Drive Owner LLC
Ag Oe 400 Corporate Drive Owner LLC
Bargain And Sale Deed
—
Aug 27, 2019
—
Ag-oe 500 Bradley Hill Road
—
Grant Deed
related
$10,686,220 · Bank Of America
May 9, 2019
$5,187,000
Ag-oe 400 Corp Drive Owner LLC
Bcpp Holding LLC
Grant Deed
—
May 9, 2019
—
Bcpp Holding LLC
Pontiac Holding LLC
Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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