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    592 Route 22, Unit GA Pawling, NY 12564

    View on Map
    Sponsored
    Pending
    $3,000 /Mo ($0.68 SF/Yr)

    COMMERCIAL - Pawling, NY

    Type:Office
    Property size:
    2,700 SF
    Lot size:
    1.22 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 13 at 12:06 pm

    Property Features for 592 Route 22

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Pending
    Security features
    Security System
    Zoning
    COM
    APN
    134001-7057-17-236132-0000
    Parking
    50
    Parking features
    Parking Lot
    Appliances
    Dishwasher, Electric Water Heater, Microwave, Refrigerator
    Size
    2,700 SF
    Lot size
    1.22 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Propane (Heating), Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2011
    Floors in Building
    1
    Number of units
    8
    Building materials
    Brick, Energy Star, Fiberglass Insulation, Stone

    We can help!

    Listing Contact
    Brian Mcgrath
    Brian Mcgrath

    McGrath Realty Inc (845) 855-5550

    Listing agent Brian McGrath (845) 721-0940

    Listing date Mar 13, 2026

    MLS# 922440

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Commercial Space on Route 22

    Available for rent is a 2,700 SF commercial space located in a Class A, three-story commercial plaza on Route 22 in Pawling, New York. The ground-level space is ADA accessible, fully built-out, and ready for immediate occupancy. The existing configuration includes a large reception area, six offices, a conference room with French doors, a bathroom, and a kitchen equipped with cabinetry, countertops, a refrigerator, microwave, and dishwasher. A rear exit is also present. The layout is suited for office or medical use. The property is located at the corner of Route 22 and Pine Drive in the Village of Pawling. The building features a main lobby entrance, ground-level access, and parking for over 50 cars. A traffic light facilitates easy access onto Route 22. The property benefits from a New York State Department of Transportation daily traffic count of 9,134 vehicles. The property owner provides water, sewer, and garbage services. The tenant is responsible for propane and electric. There is potential to split the 2,700 SF space into two separate units.
    Location Intelligence

    Current Use by Public Records

    Office Units

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Pawling
    County
    Dutchess
    State
    New York
    Longitude
    -73.5934195
    Latitude
    41.565761

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    FAQs

    What type of property is this?
    Office units - 2,700 SF Class A space available for immediate occupancy.
    Where is this office units located?
    The property is located at 592 Route 22, Unit GA Pawling, NY.
    What is the lease rate?
    The lease rate is $0.68 SF/Yr.
    What are key features of this property?
    This property features: - Prime commercial space (2,700 SF) in a Class A building on highly visible Route 22.; - Fully built-out, ADA accessible ground-level space available for immediate occupancy.; - Existing configuration ideal for office or medical use, featuring a reception area, 6 offices, conference room, bathroom, and kitchen.
    (845) 721-0940
    Request Owner's contact information
    592 Route 22, Unit GA Pawling, NY 12564
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    Pawling, NY 12564
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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
    592 Route 22, Unit GA Pawling, NY 12564
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    We can help!
    Listing Contact
    Brian Mcgrath
    Brian Mcgrath
    Real Estate License ID: 10311209440
    (845) 721-0940 (845) 682-5475 (845) 855-5550
    Learn more
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