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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    145 Route 22, Unit 201 Pawling, NY 12564

    • Strip malls
    • 15,671 SF
    • 5.56 lot acres
    For Lease
    View listing
    $1,475 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1644152
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Strip malls

    Property Details for 145 Route 22

    Year built
    1987
    Lot size
    5.56 lot acres
    Property size
    15,671 SF
    Zone code
    HB
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    134089 7056-00-445030-0000
    APU
    9223372036854775807

    Description

    This 1,264 square foot restaurant presents a fantastic opportunity in Pawling, NY. Located on Route 22, a high-traffic area with 17,660 cars daily, this property boasts excellent visibility. The building includes a charming covered porch, ideal for additional seating. Inside, the restaurant comfortably seats 30 patrons and features all-new appliances. The current lease is for 10 years at $1,700 per month, with 9 years remaining. This turnkey operation is situated near a Hannaford supermarket and other retail businesses, ensuring a strong customer base. The existing pizza restaurant is fully equipped and ready for immediate operation, offering significant potential for growth through extended hours or menu expansion. The property includes both retail space and land. This is a prime opportunity for an established restaurateur or a new business owner looking to capitalize on a high-traffic location with strong retail presence. The asking price is $125,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pawling
    County
    Dutchess
    State
    New York
    Longitude
    -73.5863
    Latitude
    41.5356
    CBSA code
    39100
    CBSA name
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $44,709
    $147,950
    $500,050
    $648,000
    -
    $451,339
    $1,525,461
    $1,976,800

    Comparable in this City

    • Value Estimation by Request
      0.73 Acres

      Charles St

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    • Value Estimation by Request
      11.63 Acres

      Rte 22

      SHOPPING CENTER, STRIP CENTER • 11.63 Acres
      Rte 22, Pawling, NY 12564
      View Details
    • Value Estimation by Request
      30,000 SF

      31 Ny-22

      Neighborhood centers • 30,000 SF
      31 Ny-22, Pawling, NY 12564
      View Details
    • Value Estimation
      $2,240,000
      32,400 SF

      158 Rte 22

      MINI-MALL • 32,400 SF
      158 Rte 22, Pawling, NY 12564-3244
      View Details
    • Value Estimation by Request
      1.40 Acres

      26 Main St

      MINI-MALL • 1.40 Acres
      26 Main St, Pawling, NY 12564-1405
      View Details
    • Value Estimation by Request
      6,816 SF

      154 Rte 22

      MINI-MALL • 6,816 SF
      154 Rte 22, Pawling, NY 12564-3211
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Mixed-Use Property on Route 22

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      Turn-Key Restaurant Opportunity in Pawling

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      Mixed-Use Property in Pawling, NY

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      Luxury Equestrian Estate in NY

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    Similar Nearby for Lease

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      Pawling Park Retail Center

      Prime Pawling retail space available.
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      Pawling Retail/Office & Warehouse Space

      Retail/office and warehouse space available in busy Pawling plaza.
      158 Route 22, Pawling, NY 12564
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      Pawling Warehouse with Retail Option

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      Retail Space in Vibrant Pawling

      Charming retail space in Pawling's vibrant, picturesque setting.
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      Pawling Retail/Office Space Available

      Retail or office space for rent in Pawling, NY.
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    • $5,500 /Mo

      Retail Space Available For Rent

      Retail space available for rent.
      44 Charles Colman Blvd, Pawling, NY 12564
      View Details
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    145 Route 22, Unit 201
    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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