Medical Office Building with
For Sale
Contact for pricing
1 Pine St, Poughkeepsie, NY 12601
For sale medical office building on 1 Pine St with 3% annual escalations and a direct position across from Vassar Medical Center.
Property Size12,000 SF
Price / SF$520.83
Days on Market58
Property Features for 1 Pine St
General Information
Standard status
Active
Size
12,000 SF
Total Parking Spaces
65
Property subtype
Office
Zoning
Commercial
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$392,058
Building Details
Year Built
1980
Year Renovated
2025
Stories
2
Tenancy
Single
Listing Agency:
Marcus & Millichap - New Jersey
(201) 742-6133
Listed By:
Brian Kaplan · License #NJ 1753184
Source:
Crexi
Added: Jun 17
Changed: Aug 12
Last Checked: Aug 11 at 8:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - New Jersey
Investment Insights
Based on property information with market context.
This offering is a medical office building configured for healthcare-oriented office use, presented for sale with 3% annual escalations. The property totals 12,000 square feet and is described in the public remarks as a MOB.
The building is located at 1 Pine St in Poughkeepsie, NY. The listing notes the property is across from Vassar Medical Center, creating a direct, destination-type healthcare setting.
For medical and related service tenants or owner-operators, the asset’s stated medical office building format and its relationship to Vassar Medical Center may support a practical fit for businesses seeking a healthcare-centered address. The 3% annual escalations term referenced in the remarks is also a consideration for buyers evaluating ongoing contract structure and future rent growth mechanics. All details beyond the information provided here, including unit mix, lease terms, and condition, should be confirmed during due diligence.
The building is located at 1 Pine St in Poughkeepsie, NY. The listing notes the property is across from Vassar Medical Center, creating a direct, destination-type healthcare setting.
For medical and related service tenants or owner-operators, the asset’s stated medical office building format and its relationship to Vassar Medical Center may support a practical fit for businesses seeking a healthcare-centered address. The 3% annual escalations term referenced in the remarks is also a consideration for buyers evaluating ongoing contract structure and future rent growth mechanics. All details beyond the information provided here, including unit mix, lease terms, and condition, should be confirmed during due diligence.
Key Highlights
- Medical office building with Year Built 1980
- Located at 1 Pine St, directly across from Vassar Medical Center
- Includes 3% annual escalations
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
$193,320
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
3.09%
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%
$3,866,400
$3.9M
Cap Rate 7%
$2,761,714
$2.8M
Cap Rate 9%
$2,148,000
$2.1M
Market Conditions
NOI Build-Up for 12,000 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
$360.0K $30.00/SF
− Vacancy
−$37.8K −$3.15/SF
EGI
$322.2K $26.85/SF
− OpEx
−$128.9K −$10.74/SF
NOI
$193.3K $16.11/SF
Area
Dutchess County, NY
Vacancy
10.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
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%
$3,866,400
Cap Rate 7%
$2,761,714
Cap Rate 9%
$2,148,000
Alternative Uses
Best Use
Healthcare Medical
$2.76M
$2.42M – $3.22M
NOI $193,320 @ 7.0% cap · market cap 3.09%
Second Best
Office B
$2.74M
$2.40M – $3.20M
NOI $192,067 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$3.61M
$3.16M – $4.21M
NOI $252,855 @ 7.0% cap · market cap 4.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,140
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12601, NY
44,264
Population
17,972
Households
2.5
Avg Household Size
35
Median Age
30%
College-Educated
88%
High-School Grad
18.3 sq mi
ZIP Area
2,419
Density / Sq Mi
$64,769
Median Household Income
$37,259
Median Earnings
$1,376
Median Rent
$275,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - For sale medical office building on 1 Pine St with 3% annual escalations and a direct position across from Vassar Medical Center.
Where is this medical office space located?
The property is located at 1 Pine St Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: Medical office building with Year Built 1980; Located at 1 Pine St, directly across from Vassar Medical Center; Includes 3% annual escalations
