Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Patterson Land For Sale Title is generated by Realmo AI

    326 Cornwall Hill Road, Patterson, NY 12563

    View on Map
    Claim this Listing
    For Sale
    $400,000

    LAND - Patterson, NY

    Lot size:
    55.89 Acres
    Added:
    Mar 13, 2025
    Days on Market:
    427
    Last Refresh:
    May 13 at 10:06 am

    Property Features for 326 Cornwall Hill Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    372400-013-000-0003-014-000-0000
    Lot size
    55.89 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    6841

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well
    Water front features
    Pond
    Water front
    1

    We can help!

    Listing Contact
    Lawrence P. Zacks

    Listing agent Lawrence P. Zacks

    Listing office RE/MAX Classic Realty 293 Route 100, Suite 207, Somers, NY

    Listing date Mar 13, 2025

    MLS# 833181 Listing URL

    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.

    HighLights

    • Mostly level meadow, ideal for building a home or farm.
    • Abundant road frontage.
    • Two picturesque man‑made ponds.
    • Residential (R4) zoning.
    • 4‑acre zoning.
    • Well water source and septic tank sewer system.

    Overview

    This property features a mostly level meadow spanning 55.89 acres. The land is zoned residential (R4) with 4-acre zoning. It has considerable road frontage and includes two small, man-made ponds. The property is located in Patterson, NY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Center Kitchen & Bath Showroom Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Patterson
    County
    Putnam
    State
    New York
    Longitude
    -73.60524
    Latitude
    41.499176

    Nearby Similar for Sale

    • $724,222
      2,976 SF

      Lakefront Homes with Income Potential

      Two updated homes on one parcel with lake access.
      233-235 Haviland Drive, Patterson, NY 12563
      View Details
    • $380,000

      Patterson, NY Commercial Land

      13.5+ acres of raw commercial land with development potential.
      2310 Route 22, Patterson, NY 12563
      View Details
    • $119,000

      Patterson, NY Land Opportunity

      1.86 acre lot suitable for residential or commercial development.
      1014 Route 311, Patterson, NY 12563
      View Details
    • $380,000

      Patterson Commercial Land on Route 22

      13.5+ acres of commercial land with high visibility.
      2310 Route 22, Patterson, NY 12563
      View Details
    • $19,000

      Patterson, NY Vacant Corner Lot

      0.36-acre corner lot ready for your dream home!
      56 Empire Dr, Patterson, NY 12563
      View Details
    • $1,390,000

      Prime Commercial Land on Route 22

      40+ acres of commercially zoned land with high visibility.
      3013 Route 22, Patterson, NY 12563
      View Details
    • $1,390,000

      Prime Commercial Land Opportunity

      40.72 acres of commercially zoned land on Route 22.
      3013 Route 22, Patterson, NY 12563
      View Details
    • $1,900,000

      53 Acres of Stunning Land

      Remarkable 53-acre property in Patterson, NY with historical significance.
      245 Birch Hill Road, Patterson, NY 12563
      View Details
    • $10,900,000
      8,000 SF

      Patterson Warehouse Space For Rent

      8,000 sq ft warehouse with easy highway access.
      35 Commerce Dr, Patterson, NY
      View Details
    • $1,500,000

      Restaurant, Land, and Vacant Lot

      Restaurant, former golf range, mini golf, and vacant lot.
      3191 Route 22, Patterson, NY 12563
      View Details
    • $1,200,000

      44 Acres Mixed-Use Land

      44 acres with multi-family, rentals, garage, and warehouse.
      3207 Route 22, Patterson, NY 12563
      View Details
    • $1,900,000

      Patterson Land with Development Potential

      53 acres of land ideal for building or agriculture.
      245 Birch Hill Road, Patterson, NY 12563
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 55.89 acre meadow suitable for home or farm.
    Where is this agricultural land / farmland located?
    The property is located at 326 Cornwall Hill Road Patterson, NY.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Mostly level meadow, ideal for building a home or farm.; Abundant road frontage.; Two picturesque man‑made ponds.
    (914) 282-6440
    We can help!
    Listing Contact
    Lawrence P. Zacks
    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
    326 Cornwall Hill Road, Patterson, NY 12563
    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!