Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    233-237 Main St Poughkeepsie, NY 12601

    Sponsored
    For Lease
    $19 SF/Yr

    COMMERCIAL - Poughkeepsie, NY

    Property size:
    7,047 SF
    Days on Market:
    1
    Last Refresh:
    Jan 21 at 6:06 am

    Property Features for 233-237 Main St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    APN
    131300-6162-77-014124
    Basement
    Storage Space, Unfinished, Partial
    Size
    7,047 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1976
    Building materials
    Frame

    We can help!

    Listing Contact
    Michael Dunstan

    RE/MAX Town & Country (203) 240-7233 [email protected]

    Listing agent Michael Dunstan

    Listing date Jan 21, 2026

    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

    Poughkeepsie Commercial Space For Lease

    Available for lease are two commercial spaces situated adjacent to the MJN Convention Center, McCann Ice Arena, and the DoubleTree by Hilton. These spaces are suitable for a restaurant or other business, benefiting from a high-traffic location. The building can be leased as a single 7,047-square-foot space or as two separate units. The first unit, comprising 3,758 square feet, occupies a highly visible corner position, ideal for attracting visitors attending events and benefiting from foot traffic from nearby businesses, including the County Courthouse, County Government offices, and the Bardavon. The second unit, located in the center of the building on the first floor, offers 3,127 square feet of space. Zoned for a variety of permitted uses, it provides flexibility for potential tenants. The property is easily accessible from Route 9 and Routes 44/55 and is within walking distance of the Poughkeepsie train station, as well as multiple municipal parking lots and garages.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Poughkeepsie
    County
    Dutchess
    State
    New York
    Longitude
    -73.9294526
    Latitude
    41.7045364

    Nearby Similar for Lease

    • $3,500 /Mo
      5,227 SF

      Poughkeepsie Retail Opportunity Near College

      2,400 sq ft retail space near Vassar College.
      12 Fowler Ave, Poughkeepsie, NY 12603
      View Details
    • $4,200 /Mo
      2,600 SF

      Poughkeepsie Medical/Office Space for Rent

      Versatile commercial space ideal for medical or wellness practices.
      56 Main St, Poughkeepsie, NY 12601
      View Details
    • $19 SF/Yr
      3,768 SF

      Poughkeepsie Retail Space For Rent

      Prime location near convention center, ice arena, and hotel.
      233 Main St, Poughkeepsie, NY 12601
      View Details
    • $1,100 /Mo

      Poughkeepsie Office Space for Lease

      Office space with private entrance, parking, and convenient location.
      2038 New Hackensack Rd, Poughkeepsie, NY 12603
      View Details
    • $19 SF/Yr
      2,431 SF

      Poughkeepsie Restaurant and Retail Spaces

      Prime location near convention center, train, and parking.
      233 Main St, Poughkeepsie, NY 12601
      View Details
    • $1,900 /Mo
      6,970 SF

      Poughkeepsie Retail Space For Rent

      Retail space in high-exposure area near major routes.
      511 Haight Ave, Poughkeepsie, NY 12603
      View Details
    • $3,500 /Mo
      33,541 SF

      Poughkeepsie Retail/Medical Space Available

      Retail or medical space available in Poughkeepsie, New York.
      10 Ibm Rd, Poughkeepsie, NY 12601
      View Details
    • $2,500 /Mo

      Poughkeepsie Office Space for Rent

      Commercial space in secure building, prime Poughkeepsie business district location.
      55 Market St, Poughkeepsie, NY 12601
      View Details
    • $2,500 /Mo

      Poughkeepsie Office Space For Rent

      Commercial space in a secure building, prime Poughkeepsie location.
      55 Market St, Poughkeepsie, NY 12601
      View Details
    • Contact for pricing
      11,000 SF

      Retail Space in Plaza 44

      Highly accessible retail space in a busy shopping center.
      43-51 Burnett Blvd, Poughkeepsie, NY 12603
      View Details
    • $2,200 /Mo

      Poughkeepsie Office Space For Lease

      Five-room office space available in a secure Poughkeepsie building.
      55 Market St, Poughkeepsie, NY 12601
      View Details
    • $39 SF/Yr
      2,490 SF

      Retail Space Near Marist College

      Retail space in a densely populated area with high traffic.
      3532 Rd N, Poughkeepsie, NY
      View Details

    FAQs

    What type of property is this?
    Retail space - Flexible commercial spaces near MJN Convention Center, McCann Ice Arena.
    Where is this retail space located?
    The property is located at 233-237 Main St Poughkeepsie, NY.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Prime location next to the MJN Convention Center, McCann Ice Arena, and DoubleTree by Hilton ensures high traffic.; - Flexible space: Lease as one 7,047 sq ft space or two separate units (3,758 sq ft and 3,127 sq ft).; - Highly visible corner unit (3,758 sq ft) ideal for capturing visitor and local business traffic.
    (914) 489-9325
    Request Owner's contact information
    233-237 Main St Poughkeepsie, NY 12601
    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.
    233-237 Main St
    Poughkeepsie, NY 12601
    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
    233-237 Main St Poughkeepsie, NY 12601
    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

    We can help!
    Listing Contact
    Michael Dunstan
    (914) 489-9325
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.