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    2067 Ny-22 Patterson, NY 12563
    Property profile & analytics

    2067 Ny-22, Patterson, NY 12563

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    • Land
    • 32.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2067 Ny-22

    Lot size
    32.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 32-acre industrial land parcel in Patterson, New York, presents a unique opportunity for warehouse development. Located at 2067 NY-22, this property boasts a highly desirable "Ind" zoning designation, permitting the construction of industrial facilities. Preliminary plans call for a substantial 36,000 square foot warehouse, with the majority of necessary approvals already secured. The proposed warehouse design incorporates features such as 35+ foot ceilings and four overhead doors, catering to efficient logistics and storage. The site offers significant excess land beyond the proposed building footprint, allowing for future expansion or additional development. Its strategic location provides excellent visibility and high traffic volume, situated just 7 miles from the major interstates I-684 and I-84, ensuring convenient access to regional transportation networks and the New York State Thruway. The asking price for this exceptional development opportunity is $999,000. This property is situated in Putnam County, NY, zip code 12563. The latitude and longitude coordinates are 41.4503259 and -73.583186 respectively. Broker co-op is available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Patterson
    County
    Putnam
    State
    New York
    Longitude
    -73.5832
    Latitude
    41.4503

    Comparable in this City

    • Value Estimation by Request

      3012 Ny-22

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      3012 Ny-22, Patterson, NY 12563
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      53.00 Acres

      245 Birch Hill Rd

      Farms
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      21,552 SF

      65 Jon Barrett Rd

      INDUSTRIAL (GENERAL)
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      40.72 Acres

      3013 Ny-22

      Land
      3013 Ny-22, Patterson, NY 12563
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      240 SF

      65 Burdick Rd

      MANUFACTURING (LIGHT)
      65 Burdick Rd, Patterson, NY 12563-3110
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      15,000 SF

      96 Commerce Dr

      WAREHOUSE, STORAGE
      96 Commerce Dr, Patterson, NY 12563
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      72,040 SF

      Patterson Warehouse Space For Rent

      8,000 sq ft warehouse with easy highway access.
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      Prime Commercial Land on Route 22

      40+ acres of commercially zoned land with high visibility.
      Undisclosed Address In, Patterson, NY 12563
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    • $1,900,000

      Patterson Land with Development Potential

      53 acres of land ideal for building or agriculture.
      245 Birch Hill Rd, Patterson, NY 12563
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    • $1,200,000

      44 Acres Mixed-Use Land

      44 acres with multi-family, rentals, garage, and warehouse.
      3207 Route 22, Patterson, NY 12563
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    • $1,390,000
      40.72 Acres

      Prime Commercial Land Opportunity

      40.72 acres of commercially zoned land on Route 22.
      3013 Route 22, Patterson, NY 12563
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    Similar Nearby for Lease

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      2,822 SF

      Retail Space & Pad Sites

      Grocery anchored shopping center with high visibility and ample parking.
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      6,050 SF

      Grocery Anchored Retail Space Available

      Retail space and pad sites for lease in Patterson, NY.
      3089 Route 22, Patterson, NY 12563
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      Retail Pad Site For Lease

      2,250-6,050 SF pad site available for ground lease or build-to-suit.
      3101 Ny-22, Patterson, NY 12563
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      New Regional Shopping Center Development

      Regional shopping center development with signed lease and high traffic.
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      Retail Space in Patterson, NY

      Retail space for lease in grocery anchored shopping center.
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    Patterson, NY 12563
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    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
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