Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3012 Ny-22 Patterson, NY 12563
    Back to Search
    Property profile & analytics

    3012 Ny-22, Patterson, NY 12563

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3012 Ny-22

    Property type
    Land

    Description

    This exceptional 57-acre parcel presents a unique opportunity in Patterson, NY. Located on Route 22, the property boasts an impressive 1,300 feet of road frontage, providing excellent visibility and accessibility. The R4 zoning allows for a variety of development options, making it ideal for subdivision into multiple residential lots, the creation of a family compound, or the construction of a single, expansive family home. The land's size offers ample space for privacy and potential development. Its strategic location places it near a thriving commercial corridor, with convenient access to established businesses such as ACME Markets, Tractor Supply, and the popular Thunder Ridge Ski Area. Previous subdivision plans are available for review upon request, offering a potential head start for developers. The asking price for this remarkable property is $519,000. This is a rare chance to acquire a substantial piece of land with significant development potential in a desirable location. Don't miss this opportunity to secure your future in Putnam County.

    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
    -73.5873
    Latitude
    41.5127

    Comparable in this City

    • Value Estimation by Request
      53.00 Acres

      245 Birch Hill Rd

      Farms
      245 Birch Hill Rd, Patterson, NY 12563
      View Details
    • Value Estimation by Request
      40.72 Acres

      3013 Ny-22

      Land
      3013 Ny-22, Patterson, NY 12563
      View Details
    • Value Estimation by Request
      32.00 Acres

      2067 Ny-22

      Land
      2067 Ny-22, Patterson, NY 12563
      View Details
    • Value Estimation by Request
      924 SF

      1 Wooded Hls Park Ln, Unit 37

      MOBILE HOME PARK, TRAILER PARK
      1 Wooded Hls Park Ln, Patterson, NY 12563-2400
      View Details
    • Value Estimation by Request
      7,272 SF

      6-18 Wilbur Herrlich Rd

      CAMPGROUND, RV PARK
      6-18 Wilbur Herrlich Rd, Patterson, NY 12563
      View Details
    • Value Estimation by Request

      Meadowbrook Ct

      Multifamily properties
      0 Meadowbrook Ct, Patterson, NY 12563
      View Details

    Similar Nearby for Sale

    • $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
    • $724,222
      Pending

      Lakefront Homes with Income Potential

      Two updated homes on one parcel with lake access.
      233-235 Haviland Dr, 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 Rd, Patterson, NY 12563
      View Details
    • Contact for pricing

      Prime Commercial Land on Route 22

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

    Similar Nearby for Lease

    • Contact for pricing
      2,822 SF

      Retail Space & Pad Sites

      Grocery anchored shopping center with high visibility and ample parking.
      3101-3112 Ny-22, Patterson, NY 12563
      View Details
    • Contact for pricing
      6,050 SF

      Grocery Anchored Retail Space Available

      Retail space and pad sites for lease in Patterson, NY.
      3089 Route 22, Patterson, NY 12563
      View Details
    • Contact for pricing

      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
      View Details
    • Contact for pricing

      New Regional Shopping Center Development

      Regional shopping center development with signed lease and high traffic.
      311 & I-84 Rte, Patterson, NY 12563
      View Details
    • Contact for pricing
      6,050 SF

      Retail Space in Patterson, NY

      Retail space for lease in grocery anchored shopping center.
      3101 Ny-22, Patterson, NY 12563
      View Details
    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.
    3012 Ny-22
    Patterson, NY 12563
    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
    3012 Ny-22, 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!