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    Property profile & analytics

    890 Route 35, NY

    • Retail space
    • 1.46 lot acres
    OFF-MARKET
    Last Sale
    Nov 24, 2020
    $2,300,000
    Value Estimations
    $3,085,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3564996
    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

    • Retail space

    Property Details for 890 Route

    Lot size
    1.46 lot acres
    Zone code
    RB
    Property type
    Retail space
    APN
    553000 10801-030-0020
    APU
    553000108010300020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,085,000
      ML approach
      $2,955,000

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

    Location Insight

    • Map
    • Local Demand
    City
    35
    County
    Westchester
    State
    New York
    Longitude
    -73.6045
    Latitude
    41.2692
    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
    2020
    $0.00
    $32,500
    $100,000
    $132,500
    -
    $465,616
    $1,432,665
    $1,898,281

    Comparable in this City

    • Value Estimation
      $310,000
      9,100 SF

      7344 Route

      RETAIL STORES (PERSONAL SERVICES) • 9,100 SF
      7344 Route, 20, NY
      View Details
    • Value Estimation
      $290,000
      1,300 SF

      Rt 374, NY

      RETAIL STORES (PERSONAL SERVICES) • 1,300 SF
      Rt 374, NY
      View Details
    • Value Estimation
      $860,000
      22,249 SF

      5235-5249 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 22,249 SF
      5235-5249 Broadway, New York, NY
      View Details
    • Value Estimation
      $180,000
      2.50 Acres

      Montauk Hwy, NY

      RETAIL STORES (PERSONAL SERVICES) • 2.50 Acres
      Montauk Hwy, NY
      View Details
    • Value Estimation
      $1,910,000
      9,000 SF

      4296 State Route

      RETAIL STORES (PERSONAL SERVICES) • 9,000 SF
      4296 State Route, 104, NY
      View Details
    • Value Estimation
      $370,000
      6,800 SF

      Maverick Rd, NY

      GYM, HEALTH SPA • 6,800 SF
      Maverick Rd, NY
      View Details

    Similar Nearby for Sale

    • $2,900,000
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      Mixed-Use Properties in South Jamaica

      Three mixed-use properties with retail and residential units.
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      Retail Buildings For Sale

      Two retail buildings in Nesconset, NY, for sale.
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      Retail/Office Space Near Walmart

      Retail or office space near major retailers and Del Lago Casino.
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      Hinsdale Commercial Property on Route 16

      Commercial property with two buildings, ideal for various businesses.
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      Mixed-Use Building in White Plains

      Mixed-use property with retail and residential units in the Bronx.
      4639 White Plns Rd, Bronx, NY
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    Similar Nearby for Lease

    • $11,000 /Mo
      1,400 SF

      Retail Space with Wraparound Frontage

      Retail space with ample light near Columbia University.
      2758 Bdwy, New York, NY
      View Details
    • Contact for pricing
      1,000 SF

      Tonawanda Retail Space For Rent

      Retail space available with high traffic and great visibility.
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      View Details
    • Contact for pricing
      500 SF

      East Village Retail Space Available

      Second floor retail spaces in prime East Village location.
      31 St Marks Pl, New York, NY
      View Details
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      3,491 SF

      Retail Space Near Westchester Mall

      Retail space with high visibility and strong demographics for rent.
      3 Westchester Park Dr, Harrison, NY
      View Details
    • Contact for pricing
      800 SF

      Retail Space in Busy Center

      Retail space available in a high-traffic shopping center.
      18 County Rd, Wappingers Falls, NY
      View Details
    • $39 SF/Yr
      2,490 SF

      Retail Space Near Marist College

      Retail space in a densely populated area with high traffic.
      3532 Rd N, Poughkeepsie, NY
      View Details
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    890 Route
    35, NY
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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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