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    Property profile & analytics

    245 Birch Hill Rd Patterson, NY 12563

    • Commercial real estate
    • 53.00 lot acres
    For Sale
    View listing
    $1,900,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0110633
    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

    • Commercial real estate

    Property Details for 245 Birch Hill Rd

    Lot size
    53.00 lot acres
    Property type
    Commercial real estate
    APN
    372400-004-000-0001-061-000-0000

    Description

    This exceptional 53-acre property in Patterson, NY, presents a unique opportunity. Zoned R4, it boasts three expansive hay fields separated by tree lines, creating a picturesque landscape. The nearly level central area gently slopes, offering approximately 100 feet of elevation change and numerous potential homesites with outstanding views. The fertile soil is ideal for organic gardening, crops, livestock, or equine activities. Currently used as farmland, the existing agricultural exemption significantly reduces property taxes from $10,788 to $1,857 annually. Conveniently located just three minutes from Thunder Ridge Ski Area and Route 22, offering local restaurants and shopping, and five minutes from the Patterson Metro-North station for easy commuting to New York City. This property, originally part of a historical border dispute, offers a chance to own a piece of Quaker Hill's rich history, creating your own legacy in a serene yet accessible location. The parcel features mature trees providing privacy and a peaceful ambiance. The property's address is 245 Birch Hill Rd, Patterson, NY 12563, with the APN 372400-004-000-0001-061-000-0000. The asking price is $1,900,000.

    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
    Patterson
    County
    Putnam
    State
    New York
    Longitude
    -73.576471
    Latitude
    41.519538

    Comparable in this City

    • $1,500,000
      Pending

      Patterson Land with Active Restaurant

      22+ acres with restaurant, former golf range, and vacant lot.
      3191 Route 22, Patterson, NY 12563
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    • $1,200,000
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      Patterson Land with Rental Income

      44 acres with rental properties, potential for various uses.
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    • $1,900,000
      53.00 Acres

      Patterson NY Land Opportunity

      53 acres of land in Patterson, NY with stunning views.
      245 Birch Hill Rd, Patterson, NY 12563
      View Details
    • $550,000

      Meadowbrook Farms: 23-Lot Subdivision

      Prime Putnam County Development Opportunity
      0 Meadowbrook Ct, Patterson, NY 12563
      View Details
    • $88,900

      Land For Sale

      Land available for purchase.
      29 Michael Way, Patterson, NY 12563
      View Details
    • $3,000,000

      Patterson Land For Sale

      Land available for sale in Patterson, New York.
      2096 Route 22, Patterson, NY 12563
      View Details

    Similar Nearby for Sale

    • $1,500,000
      Pending

      Patterson Land with Active Restaurant

      22+ acres with restaurant, former golf range, and vacant lot.
      3191 Route 22, Patterson, NY 12563
      View Details
    • $1,200,000
      Pending

      Patterson Land with Rental Income

      44 acres with rental properties, potential for various uses.
      3207 Route 22, Patterson, NY 12563
      View Details
    • $1,900,000
      53.00 Acres

      Patterson NY Land Opportunity

      53 acres of land in Patterson, NY with stunning views.
      245 Birch Hill Rd, Patterson, NY 12563
      View Details
    • $550,000

      Meadowbrook Farms: 23-Lot Subdivision

      Prime Putnam County Development Opportunity
      0 Meadowbrook Ct, Patterson, NY 12563
      View Details
    • $3,000,000

      Patterson Land For Sale

      Land available for sale in Patterson, New York.
      2096 Route 22, Patterson, NY 12563
      View Details
    • $88,900

      Land For Sale

      Land available for purchase.
      29 Michael Way, Patterson, NY 12563
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      400,000 SF

      Patterson Crossing Retail Center

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      Grocery Anchored Retail Space Available

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      Versatile Retail/Commercial Space Available

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      Patterson Commons Retail Space

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      New Regional Shopping Center Development

      Regional shopping center development with signed lease and high traffic.
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    245 Birch Hill Rd
    Patterson, NY 12563
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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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