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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Office Spaces
80 Red Schoolhouse Rd 1, Chestnut Ridge, NY 10977-7053
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-1548500
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1970
Total area
1,706 SF
Lot
0.05 ac (2,178 SF)
Zoning code
05 - COMMERCIAL
APN
392615 63.17-1-11.-100
UPID
US63-1548500
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
-
Versatile Products and Ingredients Big Box & Wholesale Store
-
Cloth Connection Party Supply Store Rental Equipment Company
-
Barr Legal, PLLC Law Firm
-
Kurtzman Matera, P.C. Law Firm
-
Plaza Pharmacy-Wappingers Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$800k
Comparable Approach
Comparable
$870k
Blend (final)
Blend
$1.04M
Owner & transaction history
80 Red House LLC · 6 yrs held
80 Red House LLC
since 2020
Last sale
$1.3M
3 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Chestnut Ridge, 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 Chestnut Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chestnut Ridge 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
by Request
CAP Approach
CAP Return
Estimation
6%
$865,000
6.5%
$800,000
7%
$740,000
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10% · vs last sale $1.25M (Jun 24 2020)
Last sale anchor
$1.25M
Jun 24 2020
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
$610 / 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
$19,527
Assessed 2023
Previous assessed
$19,527
+0.0% YoY
Assessed land
$13,100
Assessed improvement
$6,427
Land market value
$55,011
Improvement market value
$26,989
Total market value
$82,000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1970
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
1,706 SF
Lot
0.05 ac (2,178 SF)
Zoning code
05 - COMMERCIAL
APN
392615 63.17-1-11.-100
UPID
US63-1548500
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
05 - COMMERCIAL · Chestnut Ridge, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · Chestnut Ridge, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chestnut Ridge. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
80 Red House LLC
Entity
Mailing address
3 CHESTNUT ST, SUFFERN, NY 10901-5475
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2020
$1,250,000
80 Red House LLC
Bio Hi Tech Realty LLC
Grant Deed
$632,500 · Bank Of America
Oct 28, 2011
$510,000
Biohitech Realty LLC
Lewis,kevin
Grant Deed
—
—
—
Biohitech Realty LLC
—
Deed Of Trust
related
$450,000 · Comerica Bank
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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