Iron oxide nanoparticles have garnered interest for their unique properties and wide application areas. For applications, superparamagnetic nanoparticles are required so that they can be magnetized by an external magnetic field and rapidly demagnetize again when the field is removed. High saturation magnetization, Ms is also required for applications to provide easy magnetic control over separation and targeting. For magnetically controlled applications, superparamagnetic iron oxide nanoparticles with a high Ms are important. In this study, superparamagnetic iron oxide nanoparticles were co-precipitated under air atmosphere and the effects of alkali concentration, stirring rate and reaction time on the structural and related magnetic properties were investigated to obtain the high Ms for each parameter. According to the structural results, it is challenging to obtain magnetite nanoparticles under air atmosphere due to oxidizing effect. The increase of Ms values with the increase of alkali concentration may come from the phase of the samples although the crystal size of the nanoparticles is getting smaller. It can be said that there is an optimum stirring rate to obtain the highest Ms under air atmosphere rather than an uptrend/downtrend. The maximum Ms of 69.2 emu/g was obtained for superparamagnetic iron oxide nanoparticles synthesized at 700 rpm. With the increase of reaction time, magnetic size of the nanoparticles is observed to decrease in contrast with the increase of physical particle size. The maximum Ms value for the reaction time parameter is 67.3 emu/g at 15 minutes. Due to their high Ms values and superparamagnetic nature, the nanoparticles synthesized under study may find use in magnetic separation, water purification, and other related fields.