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Property profile

500 Highland Ave Nyack, NY 10960

OFF-MARKET
Commercial real estate
Property ID
US63-1308243
View Sample
2,544 SF 1.88 ac lot Built 1955
Entity Owned 3-yr Hold Free & Clear

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

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

since 2023
Last sale
$850,000
4 recorded transactions
2023
$850,000
2019
$440,000
2011
Price N/A
2008
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $1.3M +33.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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