Restaurant Opportunity on Route
For Sale
$919,900
56 Route 22, Pawling, NY 12564
Restaurant for sale on Route 22 in Pawling, NY.
Property Size3,300 SF
Days on Market152
Property Features for 56 Route 22
General Information
Standard status
Active
Size
3,300 SF
Taxes and HOA fees
Annual Taxes
$12,430
Amenities
Wall/Window Unit(s)
Oil
Partially Finished
Dishwasher, Gas Range, Refrigerator
Oversized, Parking Lot
Building Details
Building Size
3,300 SF
Year Built
1960
Buildings
1
Stories
2
Listing Agency:
McGrath Realty Inc
(845) 222-5961
Listed By:
Lisa Liffland
(845) 222-5961
Source:
Evrealestate
Added: Apr 2
Changed: Aug 22
Last Checked: Aug 30 at 1:14PM
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.
Located on Route 22 in Pawling, Dutchess County, this restaurant property is situated directly opposite Ingersoll Auto. The property is suitable for restaurant use.
Key Highlights
- Located directly opposite Ingersoll Auto on Route 22 in Pawling.
- Features a partially finished basement.
- Equipped with essential appliances: dishwasher, gas range, and refrigerator.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,750
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,195,000
$1.2M
Cap Rate 7%
$853,571
$853.6K
Cap Rate 9%
$663,889
$663.9K
Market Conditions
NOI Build-Up for 3,300 SF
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.
Gross rent
$83.2K $25.20/SF
− Vacancy
−$3.5K −$1.06/SF
EGI
$79.7K $24.14/SF
− OpEx
−$19.9K −$6.04/SF
NOI
$59.8K $18.11/SF
Area
Dutchess County, NY
Vacancy
4.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,195,000
Cap Rate 7%
$853,571
Cap Rate 9%
$663,889
Alternative Uses
Best Use
Specialty Retail
$853.6K
$746.9K – $995.8K
NOI $59,750 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$993.4K
$869.2K – $1.16M
NOI $69,535 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12564, NY
7,159
Population
3,169
Households
2.3
Avg Household Size
48
Median Age
40%
College-Educated
93%
High-School Grad
41.4 sq mi
ZIP Area
173
Density / Sq Mi
$111,683
Median Household Income
$61,548
Median Earnings
$1,309
Median Rent
$420,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant for sale on Route 22 in Pawling, NY.
Where is this restaurant located?
The property is located at 56 Route 22 Pawling, NY.
What is the asking price?
The asking price for this property is $919,900.
What are key features of this property?
This property features: Located directly opposite Ingersoll Auto on Route 22 in Pawling.; Features a partially finished basement.; Equipped with **essential appliances: dishwasher, gas range, and refrigerator**.
