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Property profile & analytics
OFF-MARKET
Estimated value
$13,220,000
Warehouses
575 Chestnut Rdg Rd, Spring Valley, NY 10977-5629
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-3614311
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Total area
40,860 SF
Lot
11.1 ac (483,516 SF)
Zoning code
P1
APN
392615 57.17-2-30
UPID
US63-3614311
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
-
Monsey Palace Halls Hotel & Motel Resort
-
Upgrade Hardware & Home Improvement Kitchen & Bath Showroom
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$15.76M
CAP Approach
CAP
$9.64M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.22M
Owner & transaction history
575 Chestnut Ridge LLC · 4 yrs held
575 Chestnut Ridge LLC
since 2021
Last sale
$11.0M
6 recorded transactions
Zoning & alternative use
P1 · Spring Valley, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$21.4M
+45.9%
Restaurant
$20.9M
+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 Spring Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Valley 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
$15,760,000
CAP Approach
CAP Return
Estimation
6%
$10,435,000
6.5%
$9,635,000
7%
$8,945,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$14,690,000
Current use
COMMERCIAL (GENERAL)
$21,420,000
Change: +46% · Conversion: Difficult
RESTAURANT
$20,945,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$12,620,000
Change: -14% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$12,175,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$13.22M
Range $11.90M – $14.54M · ±10% · vs last sale $11.00M (Aug 23 2021)
Last sale anchor
$11.00M
Aug 23 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
$324 / 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
$600,000
Assessed 2023
Previous assessed
$600,000
+0.0% YoY
Assessed land
$280,000
Assessed improvement
$320,000
Land market value
$527,333
Improvement market value
$602,667
Total market value
$1,130,000
Applied tax rate
392,602.0000
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
1971
Heating
NONE
Buildings
1
Stories
1
Total area
40,860 SF
Lot
11.1 ac (483,516 SF)
Zoning code
P1
APN
392615 57.17-2-30
UPID
US63-3614311
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
P1 · Spring Valley, NY
Zoning P1 · permitted uses
P1 · Spring Valley, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring Valley. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$14.7M
COMMERCIAL (GENERAL)
Est. value
$21.4M
RESTAURANT
Est. value
$20.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.6M
INDUSTRIAL (GENERAL)
Est. value
$12.2M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
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
1971
Heating
NONE
Stories
1
Buildings
1
Lot
11.1 ac
Current owner
From public records · entity-resolved
575 Chestnut Ridge LLC
Entity
Mailing address
575 CHESTNUT RDG RD, SPRING VALLEY, NY 10977-5629
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2022
—
575 Chestnut Ridge LLC
—
Deed
related
$7,400,000 · Webster Bank
Jul 26, 2022
—
575 Chestnut Ridge LLC
—
Deed
related
$800,000 · Webster Bank
Aug 23, 2021
$11,000,000
575 Chestnut Ridge LLC
Cent-45 LLC
Bargain And Sale Deed
$6,600,000 · Signature Bank
—
—
Jim Smith Chevrolet INC
—
Deed Of Trust
related
$350,000 · Gmac LLC
—
—
Cent-45 LLC
—
Loan Modification
related
$2,723,395 · Capital One NA
—
—
Jim Smith Chevrolet INC
—
Deed Of Trust
related
$500,000 · General Motors Acceptance Corp
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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