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Property profile & analytics
OFF-MARKET
Estimated value
$6,020,000
Super regional malls
85 Rte 59, Nanuet, NY 10954-2715
Entity Owned
8-yr Hold
Free & Clear
Property ID
US63-4243091
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1969
Total area
190,948 SF
Lot
13.54 ac (589,802 SF)
Zoning code
RS
APN
392089 63.8-3-2
UPID
US63-4243091
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.12M
Blend (final)
Blend
$6.02M
Owner & transaction history
Sps Portfolio Holdings II LLC · 8 yrs held
Sps Portfolio Holdings II LLC
since 2017
Last sale
$8.0M
6 recorded transactions
Zoning & alternative use
RS · Nanuet, 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 Nanuet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Nanuet 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.02M
Range $5.42M – $6.62M · ±10% · vs last sale $8.00M (Oct 8 2024)
Last sale anchor
$8.00M
Oct 8 2024
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
$32 / 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
$2,859,100
Assessed 2023
Previous assessed
$2,859,100
+0.0% YoY
Assessed land
$2,000,000
Assessed improvement
$859,100
Applied tax rate
392,008.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1969
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
190,948 SF
Lot
13.54 ac (589,802 SF)
Zoning code
RS
APN
392089 63.8-3-2
UPID
US63-4243091
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
RS · Nanuet, NY
Zoning RS · permitted uses
RS · Nanuet, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Nanuet. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1969
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
13.54 ac
Current owner
From public records · entity-resolved
Sps Portfolio Holdings II LLC
Entity
Free & Clear · 8 yrs held
Mailing address
225 W WASHINGTON ST, INDIANAPOLIS, IN 46204-3435
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Nov 20, 2017
—
Sps Portfolio Holdings II LLC
Sps Portfolio Holdings LLC
Quit Claim Deed
—
Apr 24, 2015
$13,144,390
Sps Portfolio Holdings LLC
Sears Roebuck & Co
Grant Deed
related
—
Mar 5, 2013
$43,724
Retail Property Trust
Sears Roebuck & Co
Grant Deed
—
Feb 15, 2013
$124,498
Macys Retail Holdings INC
Retail Property Trust
Grant Deed
related
—
Feb 15, 2013
$68,910
Retail Property Trust
Macys Retail Holdings INC
Grant Deed
related
—
Feb 15, 2013
$103,090
Macys Retail Holdings INC
Retail Property Trust
Grant Deed
related
—
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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