Add Listing
    For Lease
    • 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

    198 Orange Ave, Unit 2 Suffern, NY 10901

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,650 /Mo

    First-floor office suite with shared amenities and convenient location.

    Lot size:
    0.23 Acres

    Property Features for 198 Orange Ave

    General Information

    Standard status
    Active
    Lot size
    0.23 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Ann Marie Dilonardo
    Source: Corcoran

    Listing Agency: TERRIE OCONNOR Listing Agent: Ann Marie Dilonardo

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

    Learn more

    Overview

    Professional Office Suite For Rent

    This first-floor professional office suite is designed for a growing business or private practice. It features a waiting/reception area and private office space with side entry. Shared amenities include a fully equipped conference room, bathroom, and kitchen/break area. Utilities, including heating, cooling, and electric, are included. The property is conveniently located on the NJ border, minutes from Suffern and Mahwah train stations, major highways, restaurants, businesses, and shopping. An adjacent fountain park and ample on-site parking are available.
    Location Intelligence

    Current Use by Public Records

    Buckheit & Whelan, P.C. Law Firm Scott M Albrecht ... Law Firm William E. Meili ... Park Kenneth Irving Architect ... Architect Jim Purcell - State ... Insurance Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Suffern
    County
    Rockland
    State
    New York
    Longitude
    -74.149825
    Latitude
    41.107706

    Nearby Similar for Lease

    • $15 SF/Yr
      3,293 SF

      Suffern Retail/Showroom Opportunity

      Renovated retail and showroom space in Suffern, NY.
      92-96 Lafayette Ave, Suffern, NY 10901
      View Details
    • $5,000 /Mo

      Downtown Suffern Commercial Building

      Commercial building in downtown Suffern, suitable for various businesses.
      41 Lafayette Ave, Suffern, NY 10901
      View Details
    • $7,500 /Mo

      Corner Commercial Space with Drive-Through

      Versatile commercial space with drive-through, ideal for various businesses.
      62 Lafayette Ave, Suffern, NY 10901
      View Details
    • $1,650 /Mo

      Professional Office Suite For Rent

      First-floor office suite with shared amenities and utilities included.
      198 Orange Ave, Suffern, NY 10901
      View Details
    • $24 SF/Yr

      Downtown Suffern Commercial Space Available

      1,200 SF commercial space in thriving downtown Suffern.
      36-46 Lafayette Ave, Suffern, NY 10901
      View Details
    • $27 SF/Yr
      1,259 SF

      Renovated Medical Office on Route 59

      Turnkey medical office building available for lease on Route 59.
      222 Ny 59, Suffern, NY
      View Details
    • $9,225 /Mo

      Industrial Space in Spook Rock

      3,600 SF end unit in premier industrial park.
      351 Spook Rock Rd, Suffern, NY 10901
      View Details
    • $24 SF/Yr

      Suffern Retail/Office Space Available

      Renovated commercial space with high visibility in downtown Suffern.
      65 Lafayette Ave, Suffern, NY 10901
      View Details
    • $22 SF/Yr

      Renovated Office Space in Suffern

      Highly visible, flexible office space in a prime location.
      31 Park Ave, Suffern, NY 10901
      View Details
    • $2,000 /Mo

      Historic Church Sanctuary for Rent

      Historic church sanctuary available for meetings, worship, and events.
      65 Washington Ave, Suffern, NY 10901
      View Details
    • $30 SF/Yr

      Medical Office Space in Suffern

      1,241 SF medical office space near Good Samaritan Hospital.
      79 5, Suffern, NY 10901
      View Details
    • $2,050 /Mo

      Spacious Upper Unit Apartment

      Freshly painted apartment with hardwood floors and deck.
      4 Oxford Ct, Suffern, NY 10901
      View Details

    FAQs

    What type of property is this?
    Office units - First-floor office suite with shared amenities and convenient location.
    Where is this office units located?
    The property is located at 198 Orange Ave, Unit 2 Suffern, NY.
    What is the lease rate?
    The lease rate is $1,650 /Mo.
    What are key features of this property?
    This property features: - First-floor professional office suite ideal for a growing business or private practice.; - Utilities included (heating, cooling, and electric).; - Convenient location near Suffern and Mahwah train stations, major highways, restaurants, businesses, and shopping.
    (201) 934-0600
    Request Owner's contact information
    198 Orange Ave, Unit 2 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.
    198 Orange Ave, Unit 2
    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
    198 Orange Ave, Unit 2 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
    Ann Marie Dilonardo
    Real Estate License ID: 10401218939
    (201) 934-0600 (201) 522-5707 (201) 786-9055
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!