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    204 Main St, Unit COMMERCIAL Poughkeepsie, NY 12601

    Sponsored
    For Lease
    $2,000 /Mo ($4 SF/Yr)

    COMMERCIAL - Poughkeepsie, NY

    Property size:
    817 SF
    Lot size:
    0.13 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 22 at 2:06 am

    Property Features for 204 Main St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-2
    Rooms
    Basement
    APN
    131300-6062-84-968120-0000
    Basement
    Full
    Size
    817 SF
    Lot size
    0.13 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    3
    Building materials
    Brick

    We can help!

    Listing Contact
    Don Minichino
    Don Minichino

    Keller Williams Realty Partners (914) 962-0007

    Listing agent Don Minichino

    Listing date Feb 21, 2026

    MLS# 963889

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Urban-Chic Commercial Space Available

    Located in the heart of Poughkeepsie's revitalized business district, the ground floor space at 204 Main Street offers an urban-chic commercial environment suitable for a business owner seeking a blend of historic character and modern functionality. The unit covers approximately 817 square feet and is designed with an open-concept layout. The loft-style aesthetic is defined by original exposed brick, hardwood flooring, and high ceilings. The back of the unit includes an updated private bathroom and a kitchenette/utility area. As a storefront on a high-traffic corridor, the property benefits from street presence with large floor-to-ceiling windows, providing natural light and branding opportunities for foot and vehicle traffic. The zoning allows for a variety of permitted uses, including boutique retail or specialty shops, professional offices such as law, real estate, or accounting firms, creative studios or small art galleries, and personal service businesses like barber shops, salons, or fitness boutiques. Situated between the waterfront and train station, and Downtown, the hub of business activity, 204 Main Street is a short 10-minute walk (0.5 miles) from the Poughkeepsie Metro-North and Amtrak station, connecting the business to the broader Hudson Valley and New York City. The neighborhood features a growing food hub, with Zeus Brewing, Schatzi's Pub and Bier Garden, and Buena Ventura Restaurant nearby, along with hundreds of apartments within walking distance. The lot size is 0.13 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gunrick Residential, Inc Real Estate Agency 204MAIN Hotel & Motel

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Flowers by Angel, Floreria Jasmin

    Location Insight

    • Map
    • Local Demand
    City
    Poughkeepsie
    County
    Dutchess
    State
    New York
    Longitude
    -73.931158
    Latitude
    41.7046401

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    FAQs

    What type of property is this?
    Storefront property - Revitalized Poughkeepsie business district, loft-style, high-visibility storefront for rent.
    Where is this storefront property located?
    The property is located at 204 Main St, Unit COMMERCIAL Poughkeepsie, NY.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location in revitalized business district with **excellent street visibility and large storefront windows.**; - Versatile zoning allows for a variety of business types (retail, office, studio, personal services).; - Conveniently located between the waterfront/train station and downtown Poughkeepsie, near Metro-North and Amtrak (0.5 mile walk).
    (845) 242-4381
    Request Owner's contact information
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    Poughkeepsie, NY 12601
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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
    204 Main St, Unit COMMERCIAL Poughkeepsie, NY 12601
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    We can help!
    Listing Contact
    Don Minichino
    Don Minichino
    Real Estate License ID: 10401333542
    (845) 242-4381 (914) 962-0007
    Learn more
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