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    Property profile & analytics
    OFF-MARKET Estimated value $820,000
    Commercial real estate

    500 Highland Ave, Nyack, NY 10960-1135

    2,544 SF 1.88 ac lot Built 1955
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US63-1308243
    Property summary
    AI-generated overview

    This exceptional Class A warehouse, located at 500 N Highland Ave in Nyack, New York, presents a compelling redevelopment opportunity. Boasting 2,700 square feet of space on a generous 1.8-acre lot, this property is zoned OB and offers significant potential for various uses. The building underwent a complete renovation in 2022, ensuring modern functionality and efficiency. Currently vacant, this presents a blank canvas for an investor seeking to capitalize on a prime location in Rockland County. The asking price is $2,000,000, translating to $740.74 per square foot. The property's industrial classification, combined with its substantial land area, makes it ideal for a range of projects. The triple net (NNN) lease type offers a straightforward ownership structure. Its strategic location in Nyack, NY, zip code 10960, provides easy access to major transportation routes and a thriving local market. This is a rare chance to acquire a fully renovated, vacant warehouse in a desirable area, ready for immediate development or lease. The property's size and zoning provide flexibility for a variety of commercial ventures. Don't miss this chance to secure a valuable asset in a rapidly growing market.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1955
    Total area 2,544 SF
    Lot 1.88 ac (81,893 SF)
    APN 392001 59.12-2-4
    UPID US63-1308243
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $795k
    Comparable Approach Comparable
    $792k
    Blend (final) Blend
    $820k
    Owner & transaction history
    500 N Highland Ave Holding LLC · 3 yrs held
    500 N Highland Ave Holding LLC
    since 2023
    Last sale
    $850,000
    4 recorded transactions
    2023
    $850,000
    2019
    $440,000
    2011
    2008
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $1.3M +33.9%
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