Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Storefront in Shopping Plaza Title is generated by Realmo AI

    15 Dardess Drive Unit 3, Chatham, NY 12037

    View on Map
    Claim this Listing
    For Lease
    $1,600/Mo $0.45 SF/Yr (calc)

    NNN retail storefront at the center of an active shopping plaza with ample parking and long-term nearby tenants.

    Property size:
    42,337 SF
    Added:
    May 9, 2025
    Days on Market:
    393
    Last Refresh:
    Jun 5 at 1:51 am

    Property Features for 15 Dardess Drive Unit 3

    General Information

    Standard status
    Active
    Size
    42,337 SF

    Building Details

    Year Built
    1994

    We can help!

    Listing Contact
    Jennifer Sesma

    Listing office Beach & Bartolo Realtors Inc

    Listing date May 9, 2025

    Source Signatureonerealtygroup

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Beach & Bartolo Realtors Inc

    HighLights

    • 1,200 SF retail storefront in Chatham Plaza at the southern end of the Village of Chatham
    • NNN lease
    • Located at the center of an active shopping plaza with ample parking
    • Surrounding tenant mix includes auto service, martial arts, casual dining, retail, wine shop, and professional office on long‑term leases
    • Additional nearby businesses include Price Chopper, multiple banks, and NYSEG
    • Minutes to Taconic State Parkway and Main Street Chatham; about 20 minutes to Hudson

    Overview

    Available for lease is a 1,200-square-foot retail storefront in Chatham Plaza, located at the southern end of the Village of Chatham. The space is positioned at the center of the plaza, offering a dedicated storefront location within a maintained retail environment. The property is offered on an NNN lease structure.

    Chatham Plaza is served by ample parking and is described as an active, healthy shopping center. Current tenant mix within the plaza includes auto service, martial arts, casual dining, retail, a wine shop, and professional office users, each noted as having long-term leases. Additional nearby users outside the plaza include Price Chopper, multiple banks, and NYSEG. The location is also noted as only minutes to Taconic State Parkway and Main Street Chatham, with Hudson approximately 20 minutes away.

    This offering is well suited for a retail operator looking for a storefront presence within a multi-tenant shopping center. With surrounding established uses and an NNN framework, the space can provide a practical option for businesses seeking a stable retail setting and convenient customer access supported by plaza parking.
    Location Intelligence

    Current Use by Public Records

    Family Dollar Discount Store Redbox Cinema Advance Auto Parts Auto Parts Store Mavis Discount Tire (Bike/Boat/Book/etc) Store Gnome Slice Pizzeria Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center 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
    Chatham
    County
    Columbia
    State
    New York
    Longitude
    -73.606521
    Latitude
    42.3509

    Nearby Similar for Lease

    • $1,600/Mo
      42,337 SF

      Retail Space in Chatham Plaza

      Retail space in active shopping plaza with ample parking.
      15 Dardess Drive, Chatham, NY 12037
      View Details
    • $2,200/Mo
      42,337 SF

      Retail Space in Chatham Plaza

      Retail space in active shopping plaza with ample parking.
      15 Dardess Drive, Chatham, NY 12037
      View Details
    • $2,400/Mo
      21,748 SF

      Retail Space in Chatham Plaza

      Retail space available in active Chatham Plaza shopping center.
      15 Dardess Drive #Suite 4, Chatham, NY 12037
      View Details
    • $7 SF/Yr
      21,748 SF

      Chatham Plaza Flexible Retail Space

      Flexible 3900 sq ft space in active shopping plaza.
      15 Dardess Drive, Chatham Village, NY 12037
      View Details
    • Contact for pricing
      19,864 SF

      Chatham Commercial Space Available

      Versatile 19,864 sqft commercial space for rent in Chatham, NY.
      15 Dardess Drive #10, Chatham, NY 12037
      View Details
    • $1,100/Mo

      Chatham Retail Space For Lease

      Retail space in active shopping plaza, convenient location.
      15 Dardess Drive #10, Chatham, NY 12037
      View Details
    • $7 SF/Yr
      21,748 SF

      Industrial Space Available For Lease

      Industrial property featuring 21,748 square feet available for lease.
      15 Dardess Drive, Chatham Village, NY 12037
      View Details
    • $7 SF/Yr

      Flexible Space in Chatham Plaza

      3900 SF flexible space with loading dock for lease.
      15 Dardess Drive, Chatham, NY 12037
      View Details

    FAQs

    What type of property is this?
    Retail space - NNN retail storefront at the center of an active shopping plaza with ample parking and long-term nearby tenants.
    Where is this retail space located?
    The property is located at 15 Dardess Drive Unit 3 Chatham, NY.
    What is the lease rate?
    The lease rate is $1,600 /Mo.
    What are key features of this property?
    This property features: 1,200 SF retail storefront in Chatham Plaza at the southern end of the Village of Chatham; NNN lease; Located at the center of an active shopping plaza with ample parking
    We can help!
    Listing Contact
    Jennifer Sesma
    Learn More
    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.
    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
    15 Dardess Drive, Unit 3, Chatham, NY 12037
    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!