Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11 Wayne Ave Suffern, NY 10901-5419
    Back to Search
    Property profile & analytics

    11 Wayne Ave, Suffern, NY 10901-5419

    View on Map
    • Investment properties
    • 1,724 SF
    • 0.09 lot acres
    Off-Market
    Property ID
    US63-2617619
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • print and lumber / Production Facility / Furniture & Home Goods

    Property Details for 11 Wayne Ave

    Year built
    1960
    Lot size
    0.09 lot acres
    Zone code
    05 - COMMERCIAL
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    392607 54.27-1-51
    APU
    3926075427151

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 9, 2016 — 11 Wayne Ave LLC Renwick,alister Quit Claim Deed —
    Nov 9, 2015 $200,000 Alister Renwick Roberts,malcolm L Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Suffern
    County
    Rockland
    State
    New York
    Longitude
    -74.1539
    Latitude
    41.1172
    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
    0
    $0.00
    $4,000
    $34,700
    $38,700
    -
    $2,171
    $18,829
    $21,000

    Comparable in this City

    • Value Estimation by Request
      216 SF

      60 Cragmere Rd

      STORE/OFFICE (MIXED USE)
      60 Cragmere Rd, Suffern, NY 10901
      View Details
    • Value Estimation by Request
      3,800 SF

      144 Orange Ave

      STORE/OFFICE (MIXED USE)
      144 Orange Ave, Suffern, NY 10901-5510
      View Details
    • Value Estimation
      $520,000
      3,564 SF

      15 Suffern Pl

      STORE/OFFICE (MIXED USE)
      15 Suffern Pl, Suffern, NY 10901-5566
      View Details
    • Value Estimation by Request
      3,249 SF

      79 Orange Ave

      STORE/OFFICE (MIXED USE)
      79 Orange Ave, Suffern, NY 10901-5423
      View Details
    • Value Estimation
      $565,000
      3,780 SF

      299 Rte 59

      STORE/OFFICE (MIXED USE)
      299 Rte 59, Suffern, NY 10901-5309
      View Details
    • Value Estimation
      $680,000
      1,815 SF

      146 Orange Ave

      STORE/OFFICE (MIXED USE)
      146 Orange Ave, Suffern, NY 10901
      View Details

    Similar Nearby for Sale

    • $1,250,000

      Mixed-Use Property with Storefront

      Mixed-use property featuring residential apartments and a retail storefront.
      33 Park Ave, Suffern, NY 10901
      View Details
    • $9,750,000

      Mixed-Use Landmark Building For Sale

      100% leased mixed-use building with parking in Suffern, NY.
      90-100 Orange Ave, Suffern, NY 10901
      View Details
    • $975,000

      Mixed-Use Property with Parking

      Mixed-use property featuring commercial spaces, apartments, and parking.
      24 Lafayette Ave, Suffern, NY 10901
      View Details
    • $1,400,000

      Mixed-Use Property Near NYC Train

      Mixed-use property with apartments, retail, and parking near NYC train.
      20-28 Chestnut St, Suffern, NY 10901
      View Details
    • $899,000

      Mixed-Use Property with Income Potential

      Multifamily and commercial property with apartments and office space.
      18-20 E Park Pl, Suffern, NY 10901
      View Details
    • $2,650,000

      Mixed-Use Building in Downtown Suffern

      Mixed-use building with residential and commercial units near transportation.
      47-55 Lafayette Ave, Suffern, NY 10901
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Furnished Office Space Available

      Move-in ready office space in Chestnut Ridge, NY.
      1 Alpine Ct, Chestnut Ridge, 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
    • Contact for pricing

      Conveniently Located Office Space Available

      Office space near Hudson River with videoconferencing and meeting rooms.
      400 Rella Blvd, Suffern, NY 10901
      View Details
    • $32 SF/Yr

      Suffern Office Building For Rent

      Well-maintained office building in Suffern, move-in ready.
      141 Lafayette Ave, Suffern, NY 10901
      View Details
    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.
    11 Wayne Ave
    Suffern, NY 10901-5419
    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
    11 Wayne Ave, 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!