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Property profile & analytics
OFF-MARKET
Estimated value
$50,385,000
Warehouses
400 Oritani Dr, Blauvelt, NY 10913-1028
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-1345281
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Total area
131,334 SF
Lot
13.15 ac (572,814 SF)
Zoning code
LO
APN
392489 70.06-1-1.12
UPID
US63-1345281
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
-
DXY4 Amazon Warehouse & Storage
-
Accurate Moving Systems Inc Moving Company
-
Prestige Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$30.97M
Comparable Approach
Comparable
$62.91M
Blend (final)
Blend
$50.39M
Owner & transaction history
Rlif Oritani Spe LLC · 4 yrs held
Rlif Oritani Spe LLC
since 2021
Last sale
$57.5M
7 recorded transactions
Zoning & alternative use
LO · Blauvelt, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$75.4M
+59.7%
Office building
$67.9M
+43.7%
Restaurant
$67.3M
+42.6%
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%
$33,545,000
6.5%
$30,965,000
7%
$28,750,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$47,210,000
Current use
AUTO REPAIR, GARAGE
$75,390,000
Change: +60% · Conversion: Easy
OFFICE BUILDING
$67,850,000
Change: +44% · Conversion: Difficult
RESTAURANT
$67,325,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$48,175,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$40,565,000
Change: -14% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$39,130,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$50.39M
Range $45.35M – $55.42M · ±10% · vs last sale $57.50M (Nov 18 2021)
Last sale anchor
$57.50M
Nov 18 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
$384 / 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
$5,161,200
Assessed 2023
Previous assessed
$5,161,200
+0.0% YoY
Assessed land
$429,500
Assessed improvement
$4,731,700
Land market value
$1,205,445
Improvement market value
$13,280,101
Total market value
$14,485,546
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2008
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
131,334 SF
Lot
13.15 ac (572,814 SF)
Zoning code
LO
APN
392489 70.06-1-1.12
UPID
US63-1345281
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
LO · Blauvelt, NY
Zoning LO · permitted uses
LO · 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
WAREHOUSE, STORAGE Current
Est. value
$47.2M
AUTO REPAIR, GARAGE
Est. value
$75.4M
OFFICE BUILDING
Est. value
$67.9M
RESTAURANT
Est. value
$67.3M
COMMERCIAL (GENERAL)
Est. value
$48.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$40.6M
INDUSTRIAL (GENERAL)
Est. value
$39.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
2008
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
13.15 ac
Current owner
From public records · entity-resolved
Rlif Oritani Spe LLC
Entity
Free & Clear · 4 yrs held
Mailing address
210 WW ST, ANNAPOLIS, MD 21401-3424
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2021
$57,500,000
Rlif Oritani Spe LLC
Pg Oe 400 Oritani Dr Owner LLC
Bargain And Sale Deed
—
Apr 19, 2021
$54,474,966
Pg Oe 400 Oritani Drive Owner LLC
Ag Oe 400 Oritani 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
$25,606,000
Ag-oe 400 Oritani Drive Owner
Bcpp Holding LLC
Grant Deed
—
May 9, 2019
—
Bcpp Holding LLC
Bradley Industrial Park
Warranty Deed
—
Jun 20, 2011
—
Bradley Industrial Park
—
Grant Deed
related
$6,675,000 · Oritani Bank
Sep 18, 2009
—
Bradley Industrial Park
—
Grant Deed
related
$5,000,000 · Oritani Bank
Jun 24, 2008
—
Bradley Industrial Park
—
Grant Deed
related
$8,000,000 · Oritani Savings Bank
—
—
Bradley Industrial Park
—
Deed Of Trust
related
$8,000,000 · Oritani Savings 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.
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