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Property profile & analytics
FOR LEASE
Manufacturing properties
25 Old Mill Rd, Suffern, NY 10901
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-1581985
For Lease
$2,810,000
25 Old Mill Rd, Suffern, NY 10901
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1970
Total area
553,630 SF
Lot
124.73 ac (5,433,239 SF)
Zoning code
05 - COMMERCIAL
APN
392607 55.22-1-1
UPID
US63-1581985
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Watermark Associates LLC Real Estate Agency
-
Suffern Partners LLC Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.81M
Owner & transaction history
Iv2 Rockland Logistics Center LLC · 3 yrs held
Iv2 Rockland Logistics Center LLC
since 2023
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Suffern, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Suffern submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Suffern submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,130,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.81M
Range $2.53M – $3.09M · ±10% · vs last sale $2.03M (May 3 2023)
Last sale anchor
$2.03M
May 3 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$5 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$3,980,000
Assessed 2023
Previous assessed
$3,980,000
+0.0% YoY
Assessed land
$2,370,000
Assessed improvement
$1,610,000
Applied tax rate
392,601.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1970
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
4
Total area
553,630 SF
Lot
124.73 ac (5,433,239 SF)
Zoning code
05 - COMMERCIAL
APN
392607 55.22-1-1
UPID
US63-1581985
Jurisdiction
ROCKLAND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
05 - COMMERCIAL · Suffern, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · Suffern, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Suffern. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Cooling
Yes
Stories
4
Buildings
2
Lot
124.73 ac
Current owner
From public records · entity-resolved
Iv2 Rockland Logistics Center LLC
Entity
Free & Clear · 3 yrs held
Mailing address
250 VESEY ST FL #15, NEW YORK, NY 10281-1065
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2025
—
Iv2 Rockland Logistics Center LLC
—
Deed
related
$46,029,869 · Jp Morgan Chase Bank
May 3, 2023
$2,025,000
Iv2 Rockland Logistics Center LLC
People Of State New York
Deed
—
Oct 20, 2022
$138,000,000
Iv2 Rockland Logistics Center LLC
Newco Suffern Holdings LLC
Bargain And Sale Deed
—
Jul 21, 2021
$52,500,000
Newco Suffern Holdings LLC
Suffern Partner LLC
Bargain And Sale Deed
$50,000,000 · Acore Capital Mortgage LP
Sep 22, 2017
—
Suffern Partners LLC
—
Loan Modification
related
$33,000,000 · Other Institutional Lenders
Sep 14, 2017
$18,000,000
Rs Old Mill LLC
Novartis Corp
Grant Deed
—
Sep 14, 2017
—
Rs Old Mills Rd LLC
Rs Old Mill LLC
Quit Claim Deed
—
Sep 14, 2017
$30,000,000
Suffern Partners LLC
Rs Old Mills Rd LLC
Grant Deed
$22,000,000 · Cpif Lending LLC Cpif Lending LLC
—
—
Suffern Partners LLC
—
Loan Modification
related
$11,000,000 · Other Institutional Lenders
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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