Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15 Magnolia St Suffern, NY 10901

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $850,000

    Beautiful 1-10 acre lots in desirable Rockland County.

    Property Features for 15 Magnolia St

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Lonna H Ralbag
    Source: Corcoran

    Listing Agent: Lonna H Ralbag

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prime Lots in Montebello

    Prime lots are available for sale, offering the opportunity to build a dream home on a beautiful 1 to 10-acre park-like property. Located in prime Montebello, adjacent to Forshay and Wesley Hills, these private lots are surrounded by mature trees and lush greenery. The property is situated in one of the most desirable areas of Rockland County, presenting a rare opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Hair Salon Accounting Firm Hotel & Motel Clothing & Fashion Store Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Suffern
    County
    Rockland
    State
    New York
    Longitude
    -74.1189
    Latitude
    41.1483

    Nearby Similar for Sale

    • $899,000
      Pending

      Mixed-Use Property in Suffern, NY

      Multi-family and mixed-use property with apartments and commercial space.
      18-20 E Park Pl, Suffern, NY 10901
      View Details
    • $999,000
      Pending

      Suffern Multifamily Investment Opportunity

      Four-unit multifamily property in Suffern, NY, near amenities.
      22 Park Pl, Suffern, NY 10901
      View Details
    • $499,000
      0.21 Acres

      Suffern Office Opportunity For Sale

      Converted residence ideal for owner-occupancy and sublease income.
      162 Orange Ave, Suffern, NY 10901
      View Details
    • $535,000
      Pending

      Suffern Office in Business District

      Converted residence in Suffern's business district, ideal for office use.
      162 Orange Ave, Suffern, NY 10901
      View Details
    • $899,900
      0.34 Acres

      Suffern Commercial Opportunity Near Hospital

      Commercial opportunity near hospital, close to NJ border.
      233 Route 59, Suffern, NY 10901
      View Details
    • Contact for pricing

      Charming Townhome with Modern Upgrades

      Beautiful 2-bedroom townhome featuring modern kitchen, updated bathrooms, and finished basement.
      18 Somerset Dr, Suffern, NY 10901
      View Details
    • $1,799,999

      Route 59 Commercial Opportunity

      Strategically located commercial property on Route 59 in Suffern, NY.
      81 Route 59, Suffern, NY 10901
      View Details
    • $119,900

      Suffern First Floor Co-op

      Bright one-bedroom co-op near downtown Suffern.
      114 Parkside Dr, Suffern, NY 10901
      View Details
    • $135,000

      Move-In Ready Co-op in Suffern

      Well-maintained co-op with amenities, convenient commute to NYC.
      3 Sussex Ct, Suffern, NY 10901
      View Details
    • $155,000

      Renovated 1-Bedroom Unit in Suffern

      Updated 1-bedroom unit with modern features and community amenities.
      13 Lenox Ct, Suffern, NY 10901
      View Details
    • $179,900

      Spacious Co-op Near NY/NJ Border

      Affordable 2-bedroom co-op with convenient parking near NY/NJ border.
      2 Revere Ct, Suffern, NY 10901
      View Details
    • $150,000

      Suffern First Floor Apartment

      Well-maintained Suffern apartment with updated kitchen and hardwood floors.
      29 Bon Aire Cir, Suffern, NY 10901
      View Details

    FAQs

    What type of property is this?
    Land - Beautiful 1-10 acre lots in desirable Rockland County.
    Where is this land located?
    The property is located at 15 Magnolia St Suffern, NY.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Prime location in Montebello, adjacent to Forshay and Wesley Hills.; - Large 1-10 acre park-like property.; - Opportunity to build a custom dream home.
    (845) 364-0195
    Request Owner's contact information
    15 Magnolia St Suffern, NY 10901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15 Magnolia St
    Suffern, NY 10901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    15 Magnolia St Suffern, NY 10901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lonna H Ralbag
    (845) 364-0195
    Learn more
    Google sign-in failed. Please try again or use another login method.