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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    60 Commerce St Spring Valley, NY 10977-5560

    • Office buildings
    • 2,400 SF
    • 0.67 lot acres
    OFF-MARKET
    Last Sale
    Dec 21, 2023
    $750,000
    Value Estimations
    $940,000
    Show details
    Cap Rate Potential
    6.3%
    Office buildings
    Location Intelligence
    Property ID
    US63-2261102
    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

    • Byron & Brown / Department Store / Discount Store
    • JORDAN'S AUTO REPAIR LTD / Auto Repair Shop
    • FiberDial Communications / Telecommunications Service
    • C & R CONCRETE CORP / Construction Company / General Contractor

    Property Details for 60 Commerce St

    Year built
    1960
    Lot size
    0.67 lot acres
    Property size
    2,400 SF
    Zone code
    GB
    Property type
    Office buildings
    APN
    392605 57.38-1-38
    APU
    3926055738138

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,160,000
      ML approach
      $1,110,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,215,000
      6.5%
      $1,125,000
      7%
      $1,045,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $762,000
      Market price range: $225k - $1.05M

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring Valley
    County
    Rockland
    State
    New York
    Longitude
    -74.047
    Latitude
    41.1124
    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
    $26,900
    $44,100
    $71,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,995,000
      6,868 SF

      295 Rte 59

      OFFICE BUILDING • 6,868 SF
      295 Rte 59, Spring Valley, NY 10977-5449
      View Details
    • Value Estimation
      $1,255,000
      3,850 SF

      35 Ww St

      OFFICE BUILDING • 3,850 SF
      35 Ww St, Spring Valley, NY 10977-4778
      View Details
    • Value Estimation
      $2,165,000
      6,956 SF

      2 Hickory St

      OFFICE BUILDING • 6,956 SF
      2 Hickory St, Spring Valley, NY 10977-3708
      View Details
    • Value Estimation
      $870,000
      2,400 SF

      156 Rte 59

      OFFICE BUILDING • 2,400 SF
      156 Rte 59, Spring Valley, NY 10977-5223
      View Details
    • Value Estimation
      $5,535,000
      20,940 SF

      21 Grv St101-220

      OFFICE BUILDING • 20,940 SF
      21 Grv St101-220, Spring Valley, NY 10977-4866
      View Details
    • Value Estimation
      $2,575,000
      4,830 SF

      170 Rte 59

      OFFICE BUILDING • 4,830 SF
      170 Rte 59, Spring Valley, NY 10977-6089
      View Details

    Similar Nearby for Sale

    • $3,500,000
      4,830 SF

      High-Visibility Office Building

      Office property with high visibility and flexible layout.
      170 Route 59, Spring Valley, NY 10977
      View Details
    • $1,499,900
      Pending

      Almost New Contemporary Duplex

      Two contemporary flats with high-end finishings, close to amenities.
      35 Ewing Ave, Spring Valley, NY 10977
      View Details
    • $899,000
      1,500 SF

      Monsey Luxury Living Opportunity

      Stunning 3-bedroom flat with modern luxury and private-house feel.
      27 Ellish Pkwy, Spring Valley, NY 10977
      View Details
    • $135,000

      Renovated Upper Unit Apartment

      Updated apartment near shopping, transportation, and commuter routes.
      112 Union Rd, Spring Valley, NY 10977
      View Details
    • $775,000
      0.24 Acres

      Monsey Land Development Opportunity

      Land with approval for a two-family home in Monsey.
      96 W Eckerson Rd, Monsey, NY 10977
      View Details
    • $155,000

      Renovated Co-op with Community Amenities

      Renovated 1 bed, 1 bath co-op with community amenities.
      148 Sneden Pl W 148, Spring Valley, NY 10977
      View Details

    Similar Nearby for Lease

    • $750 /Mo
      24,394 SF

      Renovated Office Space in Spring Valley

      Light, sunny office space in a renovated farmhouse complex.
      817 Chestnut Ridge Rd, Spring Valley, NY 10977
      View Details
    • Contact for pricing
      1,650 SF

      252 Old Nyack Turnpike

      Retail properties • 1,650 SF
      252 Old Nyack Tpke, Spring Valley, NY 10977
      View Details
    • $35 SF/Yr
      780 SF

      Retail Space Near Landmarks

      Retail space available for rent, located near Dunkin' Donuts.
      274 Old Nyack Tpke, Spring Valley, NY 10977
      View Details
    • $30 SF/Yr

      Spring Valley Marketplace Retail Opportunity

      Retail spaces available in the new Spring Valley Marketplace.
      1 Spring Valley Market Pl, Spring Valley, NY 10977
      View Details
    • $3,000 /Mo

      Three-Floor Condo Near Shopping

      Spacious 3-bedroom condo undergoing renovations, near shopping centers.
      55 Gladys Dr, Spring Valley, NY 10977
      View Details
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    60 Commerce St
    Spring Valley, NY 10977-5560
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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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