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    31 Ny-22 Pawling, NY 12564
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    Property profile & analytics

    31 Ny-22 Pawling, NY 12564

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    • Neighborhood centers
    • 30,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 31 Ny-22

    Property size
    30,000 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Pawling Park, a 30,000 square foot single-story retail strip center in Pawling, NY (zip code 12564), offers multiple suites for lease. Located at 31 NY-22, with excellent visibility and high traffic counts (18,675 cars daily) along Route 22 and a cross street of Old Route 22, this property boasts 156 parking spaces. Currently, there are 9 suites, with 6,517 square feet of vacant space available in units ranging from 1,255 to 3,577 square feet, including an end-cap space with drive-thru potential. The property enjoys strong co-tenancy with established businesses such as Dollar General, CrossFit Pawling, and several other local favorites. Nearby national retailers include Hannaford Supermarket, ACME, Dollar Tree, Dunkin', and many more, ensuring high foot traffic and customer visibility. Restaurant use is approved. The property taxes are $2.00 per square foot. Contact us for rental rates and further details. This is an exceptional opportunity to establish a thriving business in a high-traffic, well-established retail center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pawling
    County
    Dutchess
    State
    New York
    Longitude
    -73.5874
    Latitude
    41.5261

    Comparable in this City

    • Value Estimation by Request
      11.63 Acres

      Rte 22

      SHOPPING CENTER, STRIP CENTER • 11.63 Acres
      Rte 22, Pawling, NY 12564
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    • Value Estimation by Request
      0.73 Acres

      Charles St

      SHOPPING CENTER, STRIP CENTER • 0.73 Acres
      Charles St, Pawling, NY 12564
      View Details
    • Value Estimation by Request
      15,671 SF

      145 Rte 22

      SHOPPING CENTER, STRIP CENTER • 15,671 SF
      145 Rte 22, Pawling, NY 12564-3214
      View Details
    • Value Estimation by Request
      1,790 SF

      178 Charles Colman Blvd

      NURSERY, GREENHOUSE, FLORIST • 1,790 SF
      178 Charles Colman Blvd, Pawling, NY 12564-1122
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    • Value Estimation by Request

      315 Ny-22

      Automotive properties
      315 Ny-22, Pawling, NY 12564
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    • Value Estimation by Request
      10.00 Acres

      158 Ny-22

      Medical Office Space • 10.00 Acres
      158 Ny-22, Pawling, NY 12564
      View Details

    Similar Nearby for Sale

    • $1,350,000

      Mixed-Use Property in Pawling, NY

      Mixed-use property with residence, greenhouse, floral shop, and nursery.
      178 Charles Colman Blvd, Pawling, NY 12564
      View Details
    • $1,350,000

      Mixed-Use Property in Pawling, NY

      Mixed-use property with residence, greenhouse, floral shop, and nursery.
      178 Charles Colman Blvd, Pawling, NY 12564
      View Details
    • $1,350,000
      3.90 Acres

      Mixed-Use Property in Pawling, NY

      Mixed-use property with greenhouse, floral shop, and residence.
      178 Charles Colman Blvd, Pawling, NY 12564
      View Details
    • $229,000
      5.57 Acres

      Land in Brady Brook Falls

      5.6-acre lot approved for a 5-bedroom residence.
      Cox Rd, Pawling, NY 12564
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    • $9,750,000
      4,800 SF

      558-Acre Estate, Pawling, NY

      Luxury Hunting Preserve & Development Land
      225 Route 22, Pawling, NY 12564
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    Similar Nearby for Lease

    • Contact for pricing
      1,740 SF

      Pawling Retail Space For Rent

      Retail space available in a 30,000 SF shopping center.
      31 Ny-22, Pawling, NY 12564
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    • Contact for pricing
      738 SF

      Retail Space in Vibrant Pawling

      Charming retail space in Pawling's vibrant, picturesque setting.
      1 Oak St, Pawling, NY 12564
      View Details
    • $895 /Mo

      Renovated Village Office Space

      Light-filled office in renovated building with parking and easy access.
      54 E Main St, Pawling, NY 12564
      View Details
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    31 Ny-22
    Pawling, NY 12564
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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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