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    Property profile & analytics

    51 Rte 9w West Haverstraw, NY 10993-1054

    • Distribution centers
    • 14,400 SF
    • 4.60 lot acres
    OFF-MARKET
    Last Sale
    Mar 05, 2021
    $3,300,000
    Value Estimations
    $3,140,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1701626
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kerry Black, SLP / Physician
    • Peter Reynolds / Physician
    • Alfred Becker / Physician
    • Dr. Maria Boiano / Physician
    • Evergreen Truck & Trailer Repair / Auto Repair Shop

    Property Details for 51 Rte 9w

    Year built
    1961
    Lot size
    4.60 lot acres
    Property size
    14,400 SF
    Zone code
    361
    Property type
    Distribution centers
    APN
    392203 26.07-3-1
    APU
    392203260731

    Description

    This exceptional 4.34-acre development site in West Haverstraw, NY, offers 81,500 square feet of space, including a 59,410-square-foot warehouse with mezzanine and a 14,000-square-foot building renovated in 2020. Currently vacant, this property presents a unique investment opportunity, ideally suited for self-storage, medical office, or warehouse use. The site boasts 295 feet of frontage on Route 9W, providing excellent visibility and accessibility. Conveniently located near major roadways including Route 303, Route 202, and the New York State Thruway, this property benefits from high traffic volume (12,800+ vehicles daily) and a densely populated market. The property includes 48 parking spaces and is fully approved for development. Built in 1961, the existing structures offer a solid foundation for immediate occupancy or redevelopment. The asking price is $7,000,000. This prime location and versatile space make this an attractive proposition for discerning investors seeking a high-return opportunity in a thriving market. The property's zoning allows for a variety of uses, making it a flexible and valuable asset. The combination of existing buildings and ample land provides significant potential for expansion and customization.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,680,000
      6.5%
      $3,395,000
      7%
      $3,150,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,557,000
      Market price range: $664k - $2.56M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $5,175,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $4,450,000
      Change: -14% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $4,290,000
      Change: -17% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Haverstraw
    County
    Rockland
    State
    New York
    Longitude
    -73.9856
    Latitude
    41.2042
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $666,500
    $241,000
    $907,500
    -
    $1,087,453
    $393,213
    $1,480,666

    Comparable in this City

    • Value Estimation
      $3,800,000
      1,800 SF

      10 Ecology Rd

      MANUFACTURING (LIGHT) • 1,800 SF
      10 Ecology Rd, West Haverstraw, NY 10993-1444
      View Details
    • Value Estimation
      $1,285,000
      17,729 SF

      200 Bch Rd

      MANUFACTURING (LIGHT) • 17,729 SF
      200 Bch Rd, West Haverstraw, NY 10993-1403
      View Details
    • Value Estimation
      $2,310,000
      20,610 SF

      500 Bch Rd

      WAREHOUSE, STORAGE • 20,610 SF
      500 Bch Rd, West Haverstraw, NY 10993-1427
      View Details
    • Value Estimation
      $930,000
      9,832 SF

      40 Samsondale Ave, Unit 48

      MANUFACTURING (LIGHT) • 9,832 SF
      40 Samsondale Ave, West Haverstraw, NY 10993-1217
      View Details
    • Value Estimation
      $1,015,000
      11,250 SF

      111 Railroad Ave

      MANUFACTURING (LIGHT) • 11,250 SF
      111 Railroad Ave, West Haverstraw, NY 10993-1414
      View Details
    • Value Estimation by Request
      0.10 Acres

      421 Bch Rd

      WASTE DISPOSAL, SEWAGE • 0.10 Acres
      421 Bch Rd, West Haverstraw, NY 10993
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      50,017 SF

      West Haverstraw Retail Opportunity

      Retail space available for sublease in West Haverstraw, NY.
      7 Samsondale Ave, West Haverstraw, NY 10993
      View Details
    • Contact for pricing
      3,000 SF

      Redeveloped Strip Center on Route 9W

      20,000 SF redeveloped strip center with frontage on Route 9W.
      32-38 Route 9W, West Haverstraw, NY 10993
      View Details
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    West Haverstraw, NY 10993-1054
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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