Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1 Castagna Dr Pawling, NY 12564
    Property profile & analytics

    1 Castagna Dr, Pawling, NY 12564

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

    Current Use by Public Records

    • Land

    Property Details for 1 Castagna Dr

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

    Description

    This exceptional 80-acre parcel, known as Castagna Corporate Park, presents a unique investment opportunity in Dutchess County, New York. Located at 1 Castagna Drive, Pawling, NY 12564 (APN: 134089-7056-00-611351-0000), this Planned Development District (PDD) site offers significant potential for a wide range of commercial and industrial developments. The property boasts convenient access to major transportation arteries, including Interstates 84 and 684, ensuring easy commutes to major NYC markets and nearby tourist attractions. Situated on a private road off Route 22, the site benefits from existing infrastructure, including readily available sewer and water, natural gas, and electric connections. The secluded, wooded setting offers a unique blend of natural beauty and development potential. Permitted uses within the PDD zoning include, but are not limited to, retail, office, hotels, water parks, self-storage facilities, and medical/professional offices. The asking price for this remarkable 80-acre (estimated total 120 acres) property is $4,200,000. Don't miss this chance to acquire a truly exceptional development site in a highly desirable location.

    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
    -73.5844
    Latitude
    41.5433

    Comparable in this City

    • Value Estimation by Request
      1,421.00 Acres

      3442 State Rte

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

      57 Quaker Hill Rd

      Farms
      57 Quaker Hill Rd, Pawling, NY 12564
      View Details
    • Value Estimation by Request
      1,421.00 Acres

      3442 State Rte

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

      97 Riv Rd

      DUMP SITE
      97 Riv Rd, Pawling, NY 12564
      View Details
    • Value Estimation by Request
      3,440 SF

      8 Charles St

      WAREHOUSE, STORAGE
      8 Charles St, Pawling, NY 12564-1101
      View Details
    • Value Estimation by Request
      1.50 Acres

      10 Charles St

      BULK STORAGE, TANKS
      10 Charles St, Pawling, NY 12564-1101
      View Details

    Similar Nearby for Sale

    • $10,000,000

      Class A Climate Controlled Facility

      Self-storage facility in the lower Hudson Valley with expansion potential.
      133 New York 22, 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
      View Details
    • $9,750,000
      4,800 SF

      558-Acre Estate, Pawling, NY

      Luxury Hunting Preserve & Development Land
      225 Route 22, Pawling, NY 12564
      View Details
    • $140,000
      0.46 Acres

      Land Parcel in Pawling, NY

      0.46-acre parcel near lakes, village, and Appalachian Trail.
      20 Hickory Ln, Pawling, NY 12564
      View Details
    • New
      $135,000
      Pending

      Level Lot in Pawling, NY

      Cleared 0.43-acre lot near Metro-North, shops, and recreation.
      Prospect St, Pawling, NY 12564
      View Details
    • $9,750,000
      558.35 Acres

      Expansive Land Parcel in Pawling

      558+ acre parcel ideal for residential or commercial endeavors.
      225 Route 22, Pawling, NY 12564
      View Details

    Similar Nearby for Lease

    • $1,750 /Mo

      Office Space Built Out as School

      Office space available for rent, previously used as a school.
      527 Route 22, Pawling, NY 12564
      View Details
    • $1,475 /Mo

      Prime Office Space For Lease

      Office space for lease in Dutchess Court Plaza, Pawling, NY.
      145 Route 22, Pawling, NY 12564
      View Details
    • $1,000 /Mo
      117,612 SF

      High-Visibility Office Suite in Pawling

      All-inclusive 800 SF professional office suite for rent.
      133 Route 22, Pawling, NY 12564
      View Details
    • 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
    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.
    1 Castagna Dr
    Pawling, NY 12564
    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
    1 Castagna Dr, Pawling, NY, 12564
    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!