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Property profile & analytics
OFF-MARKET
Estimated value
$2,190,000
Turn key restaurants
665 Commerce St, Thornwood, NY 10594-1014
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-0576073
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1928
Total area
4,268 SF
Lot
0.65 ac (28,314 SF)
Zoning code
05 - COMMERCIAL
APN
553489 106.18-4-4
UPID
US63-0576073
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
-
The Barley House Restaurant
-
Nester Bros Epoxy Flooring Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$2.19M
Owner & transaction history
665 Commerce LLC · 2 yrs held
665 Commerce LLC
since 2023
Last sale
$2.1M
6 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Thornwood, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Thornwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thornwood 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
$2,185,000
ML approach
$2,330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,245,000
Current use
AUTO REPAIR, GARAGE
$2,130,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$2.19M
Range $1.97M – $2.41M · ±10% · vs last sale $2.13M (Dec 14 2023)
Last sale anchor
$2.13M
Dec 14 2023
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
$513 / 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
Tax year 2020Property tax & assessments
Tax year 2020
Assessed value
$16,000
Assessed 2023
Previous assessed
$16,000
+0.0% YoY
Assessed land
$6,800
Assessed improvement
$9,200
Land market value
$601,770
Improvement market value
$814,159
Total market value
$1,415,929
Applied tax rate
553,401.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1928
Heating
NONE
Buildings
1
Stories
2
Total area
4,268 SF
Lot
0.65 ac (28,314 SF)
Zoning code
05 - COMMERCIAL
APN
553489 106.18-4-4
UPID
US63-0576073
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
05 - COMMERCIAL · Thornwood, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · Thornwood, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Thornwood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RESTAURANT Current
AUTO REPAIR, GARAGE
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
1928
Heating
NONE
Stories
2
Buildings
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
665 Commerce LLC
Entity
Mailing address
3 W STEVENS AVE, HAWTHORNE, NY 10532-2203
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Dec 14, 2023
$2,125,000
665 Commerce LLC
Commerce Partners LLC
Bargain And Sale Deed
$975,000 · Orange Bank & Trust Co
Dec 14, 2023
—
665 Commerce LLC
—
Deed
related
$860,000 · Business Initiative Corporation Of New Y
Apr 14, 2009
$1,425,000
Commerce Partners LLC
Commerce Street Realty LLC
Grant Deed
$450,000 · Commerce Street Realty LLC
Apr 27, 2005
$788,000
George A Stone
Kean,paul H
Grant Deed
—
Apr 21, 2005
$1,000,000
Commerce Street Realty LLC
Stone,george A
Grant Deed
—
Apr 13, 2001
$800,000
Thornwood Properties Ltd
Stone,george A
Grant Deed
$650,000 · George A & Helen T Stone
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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