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    3442 State Rte Pawling, NY 12564
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    3442 State Rte, Pawling, NY 12564

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    • Land
    • 1,421.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3442 State Rte

    Lot size
    1,421.00 lot acres
    Property type
    Land

    Description

    This unique 1,421-acre Hudson Valley property presents an unparalleled investment opportunity. Located in Pawling, NY, this expansive estate features two lakes: a 45-acre Little Whaley Lake with two included seasonal homes, and a 20-acre lake accessible via a private road. The property, encompassing ten parcels with R-4 zoning, offers significant development potential, numerous building sites, and subdivision possibilities. Varied terrain includes hilltops, valleys, and cleared areas, along with ample road frontage and multiple entrances. Minimal wetlands and flood areas exist, and there are no conservation easements. The property includes existing structures from a former Boy Scout camp, such as a rustic red barn. The western border is defined by the Harlem Valley Rail Trail and Whaley Lake. Property taxes for 2025 are $134,331 with a forestry exemption on the largest parcel, and $189,808 without exemptions. The property is available in its entirety for $32,000,000 or in two smaller bundles: 1,086 acres for $24,500,000 and 334 acres for $7,500,000. This offering is ideal for development, recreation, or preservation, representing a truly exceptional opportunity. APN: 134089-6857-00-742079-0000.

    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
    -73.6489
    Latitude
    41.5645

    Comparable in this City

    • Value Estimation by Request
      1,421.00 Acres

      3442 State Rte

      Agricultural land / Farmland
      3442 State Rte, Pawling, NY 12564
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    • Value Estimation by Request
      108.00 Acres

      57 Quaker Hill Rd

      Farms
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    • Value Estimation by Request
      80.00 Acres

      1 Castagna Dr

      Land
      1 Castagna Dr, Pawling, NY 12564
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    • Value Estimation by Request
      980 SF

      48 Gobblers Knob Rd

      MOBILE HOME PARK, TRAILER PARK
      48 Gobblers Knob Rd, Pawling, NY 12564-2118
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    • Value Estimation by Request
      720 SF

      50-54 Gobblers Knob Rd

      MOBILE HOME PARK, TRAILER PARK
      50-54 Gobblers Knob Rd, Pawling, NY 12564
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    • Value Estimation by Request
      19.15 Acres

      18 Taber Knls Dr

      CAMPGROUND, RV PARK
      18 Taber Knls Dr, Pawling, NY 12564-1227
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    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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