Mixed-Use Building with Live-Work
For Sale
$255,000
9249 Route 22, Hillsdale, NY 12529
MULTI_FAMILY - Hillsdale, NY
Property Size2,304 SF
Lot Size0.32 Acres
Price / SF$110.68
Days on Market140
Property Features for 9249 Route 22
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
465
Zoning description
residential/commercial
Bedrooms
3
Rooms
Basement, Bedroom 3, Bedroom 2, Bedroom 1
Parking features
Parking Lot, Driveway
Window features
Double Pane Windows
Patio and Porch features
Porch, Deck
Interior features
High Speed Internet, Professional Suite
Appliances
Water Heater, Refrigerator, Range, Electric Water Heater
Lot features
Back Yard
Elementary school district
Taconic Hills Central Schools
Middle school district
Taconic Hills Central Schools
High school district
Taconic Hills Central Schools
Directions
From Junct Routes 22 and 23 head South .5 miles on right
Subdivision
Hillsdale
Standard status
Active
APN
146.3-1-4
Size
2,304 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Annual Amount
2485
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating)
Water source
Well
Building Details
Year built
1970
Number of units
3
Flooring type
Wood
Building materials
Brick, Frame, Vinyl Siding
Roof type
Asphalt, Shingle
Listing Agency:
Barns & Farms Realty, LLC
(518) 822-0226
Listed By:
David Birch · License #137689-RE-RB
(518) 928-7239
Added: Apr 11
Changed: Aug 18
Last Checked: Aug 28 at 8:06AM
MLS# 20261520
Copyright © 2026 Hudson Valley Catskill Region MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use building contains 2,304 square feet arranged across three rentable spaces. The layout pairs commercial and residential functions, including a reception area with an apartment above on one side and a storefront with an upper studio apartment on the other. The property is suited to a live-work configuration, with professional suite features, wood flooring, electric baseboard heat, and a combination of brick, frame, and vinyl-siding construction.
Built in 1970, the building occupies 0.32 acres and includes a parking lot, driveway, porch, and deck. The roof is asphalt shingle and less than 5 years old. The property is located at 9249 Route 22 in Hillsdale, opposite Stewart’s and just south of the Route 22 and Route 23 intersection. It uses a well and public sewer.
Built in 1970, the building occupies 0.32 acres and includes a parking lot, driveway, porch, and deck. The roof is asphalt shingle and less than 5 years old. The property is located at 9249 Route 22 in Hillsdale, opposite Stewart’s and just south of the Route 22 and Route 23 intersection. It uses a well and public sewer.
Key Highlights
- 2,304 square feet on 0.32 acres
- Three rentable spaces with commercial and residential components
- Live‑work layout with reception area, storefront, 1BR apartment, and studio apartment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,669
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$433,380
$433.4K
Cap Rate 7%
$309,557
$309.6K
Cap Rate 9%
$240,767
$240.8K
Market Conditions
NOI Build-Up for 2,304 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$41.5K $18.00/SF
− Vacancy
−$2.1K −$0.90/SF
EGI
$39.4K $17.10/SF
− OpEx
−$17.7K −$7.69/SF
NOI
$21.7K $9.41/SF
Area
Columbia County, NY
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$433,380
Cap Rate 7%
$309,557
Cap Rate 9%
$240,767
Alternative Uses
Best Use
Office B
$415.9K
$363.9K – $485.2K
NOI $29,113 @ 7.0% cap · market cap 11.42%
Second Best
Apartment 5plus
$309.6K
$270.9K – $361.2K
NOI $21,669 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$570.0K
$498.8K – $665.0K
NOI $39,902 @ 7.0% cap · market cap 15.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Explore this area
Business Placement
Demographics for 12529, NY
2,755
Population
1,754
Households
1.6
Avg Household Size
53
Median Age
49%
College-Educated
90%
High-School Grad
68.1 sq mi
ZIP Area
40
Density / Sq Mi
$79,531
Median Household Income
$44,253
Median Earnings
$1,191
Median Rent
$387,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible property combining commercial suites, apartment living areas, and storefront space in one building.
Where is this mixed-use property located?
The property is located at 9249 Route 22 Hillsdale, NY.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 2,304 square feet on 0.32 acres; Three rentable spaces with commercial and residential components; Live‑work layout with reception area, storefront, 1BR apartment, and studio apartment
