Multi-Entranced Office
527 Route 22 Pawling, NY 12564
527 Route 22, Pawling, NY, 12564
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For Sale
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Flexible multi-level office property with entrances on all four sides and ample parking for tailored tenant needs.
Property Size11,000 SF
Lot Size2.00 Acres
Price / SF$222.73
Days on Market56
Property Features for 527 Route 22
General Information
- Standard status
- Active
- Size
- 11,000 SF
- Lot size
- 2.00 Acres
- Property subtype
- Office
Listing agency
McGrath Realty Inc
(914) 625-4617
Listed by
Clayton C. Livingston · License #30LI0772064
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:50PM Checked: Jul 22 at 12:53PM
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 Realty Inc
Investment Insights
Based on property information with market context.
The property at 515, 517 & 527 Route 22 is an office campus offering three levels of professional space designed for adaptable occupancy. The layout includes multiple reception areas, executive offices, conference rooms, kitchens, and private and shared restrooms. In addition, there are multiple storage spaces above and below grade. Entrances and exits are provided on all four sides, supporting configurations for private business operations, multiple tenants, or an owner-user setup. Separate utility services and multiple access points further support easy subdivision and independent operation of different sections of the property.
Situated on nearly 2 acres in a highly visible Route 22 location, the campus includes exterior yard areas and ample parking. The property is described as having excellent traffic exposure and provides opportunities for expansion. Convenience is also a noted benefit, with shopping, restaurants, schools, and Metro-North rail service identified as nearby within walking distance.
For tenants, buyers, and operators, this configuration can suit a range of professional needs, including medical, corporate, educational, creative, or administrative users, based on the space types already in place. For owner-users, the ability to occupy a portion while leasing additional space aligns with the property’s described flexibility. For investors, multiple revenue streams may be achieved through subdivision supported by the existing access and utility setup.
Situated on nearly 2 acres in a highly visible Route 22 location, the campus includes exterior yard areas and ample parking. The property is described as having excellent traffic exposure and provides opportunities for expansion. Convenience is also a noted benefit, with shopping, restaurants, schools, and Metro-North rail service identified as nearby within walking distance.
For tenants, buyers, and operators, this configuration can suit a range of professional needs, including medical, corporate, educational, creative, or administrative users, based on the space types already in place. For owner-users, the ability to occupy a portion while leasing additional space aligns with the property’s described flexibility. For investors, multiple revenue streams may be achieved through subdivision supported by the existing access and utility setup.
Key Highlights
- Office campus at 515, 517 & 527 Route 22 with over 11,000 SF on nearly 2 acres
- Three‑level building with entrances and exits on all four sides for multiple occupancy configurations
- Space includes executive offices, conference rooms, kitchens, reception areas, and private and shared restrooms
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $301.0k | $27.36 |
| − Vacancy | −$66.2k | −$6.02 |
| EGI | $234.7k | $21.34 |
| − OpEx | −$58.7k | −$5.34 |
| NOI | $176.1k | $16.01 |
11,000 SF · lease $27.36/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.52M
$2.20M – $2.93M
NOI $176,062 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.31M
$2.90M – $3.86M
NOI $231,784 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Flexible multi-level office property with entrances on all four sides and ample parking for tailored tenant needs.
Where is this office building located?
The property is located at 527 Route 22 Pawling, NY.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Office campus at 515, 517 & 527 Route 22 with over 11,000 SF on nearly 2 acres; Three‑level building with entrances and exits on all four sides for multiple occupancy configurations; Space includes executive offices, conference rooms, kitchens, reception areas, and private and shared restrooms
