Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    517 Route 22 #5 Pawling, NY 12564

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,000 /Mo

    Versatile office space in Pawling Village, near shops and transportation.

    Type:Commercial
    Added:
    Mar 26, 2026
    Days on Market:
    22
    Last Refresh:
    Apr 1 at 8:58 pm

    Property Features for 517 Route 22 #5

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    We can help!

    Listing Contact
    CLAYTON C. LIVINGSTON
    CLAYTON C. LIVINGSTON

    Listing agent CLAYTON C. LIVINGSTON License #30LI0772064

    Listing office MCGRATH PREMIER REAL ESTATE

    Listing date Mar 26, 2026

    Source Corcoran

    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 MCGRATH PREMIER REAL ESTATE

    Overview

    Pawling Village Second-Floor Office Space

    This bright and versatile second-floor office space is located in the heart of Pawling Village. Overlooking open fields and providing ample parking, the space offers a work environment that is both peaceful and accessible. It is situated steps from shops, schools, and the Metro-North train, along the main north-south commuter route. The building is elevator-served. The layout features two primary offices with three separate entry points, allowing for potential subdivision into three private suites, each with its own entrance. Previously occupied by a mail-order business, this space is located within a quiet, professional building. It is suitable for entrepreneurs, small businesses, or satellite offices seeking visibility, flexibility, and a central village location.
    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
    -73.5944627
    Latitude
    41.5607031

    Nearby Similar for Lease

    • Contact for pricing

      Prime Commercial Space in Pawling

      2,700 SF Class A office space for lease.
      592 Route 22, Pawling, NY 12564
      View Details
    • Contact for pricing

      Turnkey Restaurant Building in Pawling

      Turnkey restaurant building at a high-visibility corner in Pawling.
      10 E Main Street, Pawling, NY 12564
      View Details
    • Contact for pricing

      Prime Commercial Space on Route 22

      2,700 SF Class A space available for immediate occupancy.
      592 Route 22, Pawling, NY 12564
      View Details
    • Contact for pricing

      Turnkey Restaurant Building in Pawling

      Turnkey restaurant opportunity at a high-visibility corner in Pawling.
      10 E Main Street, Pawling, NY 12564
      View Details
    • Contact for pricing

      Prime Commercial Space in Pawling

      Class A office space with abundant natural light and amenities.
      592 Route 22 #2A, Pawling, NY 12564
      View Details
    • $15/mo

      Versatile Warehouse Space in Pawling

      12,700 sqft warehouse with loading dock and drive-in doors.
      158 Route 22, Pawling, NY 12564
      View Details
    • Contact for pricing

      Pawling Commercial Space for Rent

      2,700 SF Class A commercial space available for immediate occupancy.
      592 Route 22 #GA, Pawling, NY 12564
      View Details
    • Contact for pricing

      Renovated Village Office Space

      Light-filled office in renovated building with parking and easy access.
      54 E Main Street, Pawling, NY 12564
      View Details
    • Contact for pricing

      Retail Space in Vibrant Pawling

      Charming retail space in Pawling's vibrant, picturesque setting.
      1 Oak St, Pawling, NY
      View Details
    • Contact for pricing

      Prime Office Space For Lease

      Office space for lease in Dutchess Court Plaza, Pawling, NY.
      145 Route 22 #201, Pawling, NY 12564
      View Details
    • Contact for pricing

      Office Space Built Out as School

      Office space available for rent, previously used as a school.
      527 Route 22, Pawling, NY 12564
      View Details
    • Contact for pricing

      Pawling Retail Space For Rent

      Retail space available in a 30,000 SF shopping center.
      31 NY-22 , Pawling, NY
      View Details

    FAQs

    What type of property is this?
    Office units - Versatile office space in Pawling Village, near shops and transportation.
    Where is this office units located?
    The property is located at 517 Route 22 #5 Pawling, NY.
    What is the lease rate?
    The lease rate is $1,000 /Mo.
    What are key features of this property?
    This property features: Prime Pawling Village location: **Central, highly accessible, steps from shops, schools, and Metro‑North.**; Versatile space: Two primary offices with three separate entry points, allowing subdivision into three private suites.; Elevator‑served building: Convenient for clients and staff.
    (914) 666-7792
    We can help!
    Listing Contact
    CLAYTON C. LIVINGSTON
    CLAYTON C. LIVINGSTON
    Real Estate License ID: 30LI0772064
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!