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    Property profile & analytics

    233 Lafayette Ave, Unit 201 Suffern, NY 10901

    • Office buildings
    • 16,500 SF
    • 0.84 lot acres
    For Lease
    View listing
    $25 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2900932
    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

    • Chana Mark L.C.S.W. / Psychotherapist / Counselor
    • Goldy Unger LCSW / Family Counselor
    • CareSphere / Home Health Care Service
    • Nouro care TMS / Psychoneurological Specialized Clinic
    • Toby R. Tannenbaum ,LMSW / Social Worker

    Property Details for 233 Lafayette Ave

    Year built
    1980
    Lot size
    0.84 lot acres
    Property size
    16,500 SF
    Zone code
    07 - MIXED
    Property type
    Office buildings
    APN
    392607 55.38-1-4
    APU
    392607553814

    Description

    This exceptional 2,800 square-foot executive office suite presents a unique opportunity for businesses seeking a seamless transition into a thriving location. Situated within a recently renovated Class A building at 233 Lafayette Avenue, Unit #201, in Suffern's desirable submarket, this space boasts a highly functional layout. Previously occupied by an insurance company, the suite is immediately available and features nine private offices, providing ample space for individual work and team collaboration. A dedicated conference room facilitates productive meetings, while multiple cubicle spaces offer flexible work arrangements. A secure server room ensures data protection, and a convenient kitchenette adds to the suite's practicality. The building itself totals 16,500 square feet and is comprised of two stories, offering a professional and well-maintained environment. The PO zoning designation ensures versatility for various business types. The property's strategic location just off Route 59 provides excellent accessibility, making it an ideal choice for businesses seeking a prominent and easily accessible location in Suffern. With 2,800 square feet of vacant space in a multiple-tenancy building, this is a ready-to-occupy solution for a growing company.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,991,000
      Market price range: $4.99M - $11.9M

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

    Location Insight

    • Map
    • Local Demand
    City
    Suffern
    County
    Rockland
    State
    New York
    Longitude
    -74.1379
    Latitude
    41.1124
    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
    $45,000
    $155,000
    $200,000
    -
    $90,450
    $311,550
    $402,000

    Comparable in this City

    • Value Estimation
      $2,000,000
      9,248 SF

      7 Ss St

      OFFICE BUILDING • 9,248 SF
      7 Ss St, Suffern, NY 10901-6203
      View Details
    • Value Estimation
      $535,000
      1,629 SF

      1 Executive Blvd Ste, Unit 205

      OFFICE BUILDING • 1,629 SF
      1 Executive Blvd Ste, Suffern, NY 10901-4157
      View Details
    • Value Estimation
      $1,930,000
      8,756 SF

      139 Lafayette Ave

      OFFICE BUILDING • 8,756 SF
      139 Lafayette Ave, Suffern, NY 10901-5614
      View Details
    • Value Estimation by Request
      1,095 SF

      7 Tilton Rd

      OFFICE BUILDING • 1,095 SF
      7 Tilton Rd, Suffern, NY 10901-4703
      View Details
    • Value Estimation
      $2,260,000
      6,600 SF

      46 Washington Ave

      OFFICE BUILDING • 6,600 SF
      46 Washington Ave, Suffern, NY 10901-5608
      View Details
    • Value Estimation
      $7,180,000
      25,600 SF

      100 Rte 59

      OFFICE BUILDING • 25,600 SF
      100 Rte 59, Suffern, NY 10901-4927
      View Details

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      Commercial property on Route 59, suitable for office or professional use.
      81 Route 59, Suffern, NY 10901
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    Similar Nearby for Lease

    • $32 SF/Yr

      Office Building in Prime Location

      Office space available for rent, can be divided.
      49 N Airmont Rd, Suffern, NY 10901
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    • $25 SF/Yr

      Renovated Office Space in Suffern

      Turnkey office space in Suffern with flexible layout options.
      233 Lafayette Ave, Suffern, NY 10901
      View Details
    • $3,800 /Mo

      Suffern Commercial Space For Rent

      Commercial space in the heart of Suffern with warehouse.
      75 Lafayette Ave, Suffern, NY 10901
      View Details
    • $895 /Mo

      Renovated Storefront in High-Traffic Location

      Newly renovated office or retail space with high visibility.
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      View Details
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      13,805 SF

      Suffern Office Space: Prime Location

      Modern Office Suites, Coworking Available
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      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
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    Suffern, NY 10901
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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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