Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Suffern Industrial Condo For Sale Title is generated by Realmo AI

    351 Spook Rock Road, Suffern, NY 10901

    View on Map
    Claim this Listing
    New
    For Sale
    $1,840,000

    4,600 SF industrial condo with income-producing tenant in Suffern.

    Type:Commercial
    Property size:
    4,600 SF
    Price / SF:
    $400/SF
    Added:
    May 26, 2026
    Days on Market:
    3
    Last Refresh:
    May 27 at 7:22 am

    Property Features for 351 Spook Rock Road

    General Information

    Standard status
    Active
    Size
    4,600 SF
    Property subtype
    Commercial

    We can help!

    Listing Contact
    JOEL GRUBER

    Listing agent JOEL GRUBER

    Listing office RAND COMMERCIAL

    Listing date May 26, 2026

    Source Corcoran

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

    All listing content including descriptions, pricing, images are the copyrighted material of RAND COMMERCIAL

    HighLights

    • Income‑producing property with a tenant paying $2,600/month.
    • 4,600 SF end‑unit industrial condo in Spook Rock Industrial Park.
    • Suitable for owner‑users or investors seeking cash flow.
    • Enjoy the 19.5‑foot ceilings and a 14‑foot drive‑in door.
    • Located in Suffern, Rockland County.
    • Suitable for light manufacturing, distribution, or storage.

    Overview

    Located in Rockland County's Spook Rock Industrial Park, this 4,600 square foot end-unit industrial condo offers functionality and flexibility. The property includes a 1,000 square foot tenant paying $2,600 per month, providing immediate revenue. The end unit offers added convenience, accessibility, and a better layout. Located in Suffern, the property features 19.5-foot ceilings and a 14-foot drive-in door. It also includes office space and is suitable for light manufacturing, distribution, or storage. Additional parking is available, and the property is in excellent condition. This property presents an opportunity for owner-users with income or investors seeking a well-located industrial asset with cash flow.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $1.46M
    NOI $131,186 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.87M
    NOI $131,186 @ 7.00% cap · market / base-case scenario
    Aggressive
    $2.62M
    NOI $131,186 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Office B

    Component $ $/SF
    Gross rent $207.0k $45.00
    − Vacancy −$32.1k −$6.98
    EGI $174.9k $38.03
    − OpEx −$43.7k −$9.51
    NOI $131.2k $28.52
    4,600 SF · lease $45.00/SF/yr · vacancy 15.50% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $1.87M
    $1.64M – $2.19M (±1% cap)
    NOI $131,186 @ 7.0% cap · market cap 7.13%
    Second Best
    Flex RnD
    $1.04M
    $912.7K – $1.22M (±1% cap)
    NOI $73,016 @ 7.0% cap · market cap 3.97%
    Theoretical Best
    Specialty Retail
    $3.04M
    $2.66M – $3.55M (±1% cap)
    NOI $212,900 @ 7.0% cap · market cap 11.57%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    EOM Global Logistics Company Auto Plus Auto ... Auto Parts Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Chef Joe Steak House — 245 spook rock rd, suffern, ny 10901
    • Classy Edge Catering — 321 NY-59 #13, Tallman, NY 10982
    • Event Waiters Staffing Agency — 27b S Airmont Rd, Suffern, NY 10901

    Location Insight

    • Map
    • Local Demand
    City
    Suffern
    County
    Rockland
    State
    New York
    Longitude
    -74.106611
    Latitude
    41.114038

    Nearby Similar for Sale

    • $499,000

      Suffern Office Opportunity For Sale

      Converted residence ideal for owner-occupancy and sublease income.
      162 Orange Avenue, Suffern, NY 10901
      View Details
    • $739,222

      Well-Maintained Income-Producing Two-Family Property

      Income-producing two-family property, ideal for owner-occupants or investors.
      5 Highland Avenue, Suffern, NY 10901
      View Details
    • $499,000

      Suffern Village Commercial Office Opportunity

      Converted residence for office use in the heart of business district.
      162 Orange Ave, Suffern, NY 10901
      View Details
    • $569,000

      Downtown Suffern Commercial Building For Sale

      Commercial building in downtown Suffern, suitable for various uses.
      41 Lafayette Ave, Suffern, NY 10901
      View Details
    • $1,400,000
      3,000 SF

      Corner Commercial Building For Sale

      Adaptable commercial property with high visibility and versatile potential.
      62 Lafayette Avenue, Suffern, NY 10901
      View Details
    • $600,000

      Downtown Suffern Commercial Building

      Commercial building in downtown Suffern with high visibility.
      41 Lafayette Avenue, Suffern, NY 10901
      View Details
    • $4,699,000
      20,000 SF

      20,000+ SF Warehouse Opportunity

      Warehouse in strategic location near major highways and NY/NJ border.
      3 Chestnut St, Suffern, NY 10901
      View Details
    • $1,440,000
      3,600 SF

      Suffern Industrial Condo For Sale

      3,600 SF end-unit industrial condo in Rockland County.
      345 Spook Rock Road, Suffern, NY 10901
      View Details
    • $899,900

      Suffern Commercial Opportunity Near Hospital

      Commercial opportunity near hospital, close to NJ border.
      233 Route 59, Suffern, NY 10901
      View Details
    • $4,449,000
      20,000 SF

      20,000+ SF Warehouse Opportunity

      Warehouse in strategic location near major highways and NY/NJ border.
      3 Chestnut Street, Suffern, NY 10901
      View Details
    • $850,000

      Suffern Triplex Investment Opportunity

      Triplex in desirable location near shops, dining, and transportation.
      46 Wayne Ave, Suffern, NY 10901
      View Details
    • $850,000

      Suffern Triplex For Sale

      Triplex in desirable location with commuter access and parking.
      44 Wayne Ave, Suffern, NY 10901
      View Details

    FAQs

    What type of property is this?
    Flex space - 4,600 SF industrial condo with income-producing tenant in Suffern.
    Where is this flex space located?
    The property is located at 351 Spook Rock Road Suffern, NY.
    What is the asking price?
    The asking price for this property is $1,840,000.
    What are key features of this property?
    This property features: Income‑producing property with a tenant paying $2,600/month.; 4,600 SF end‑unit industrial condo in Spook Rock Industrial Park.; Suitable for owner‑users or investors seeking cash flow.
    (845) 634-0540
    We can help!
    Listing Contact
    JOEL GRUBER
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    351 Spook Rock Road, Suffern, NY 10901
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!