Redevelopment Opportunity on Route
1 Stagedoor Rd, Fishkill, NY 12524
For Sale
Contact for pricing
Retail/showroom with redevelopment potential on Route 9 in Fishkill.
Property Size30,000 SF
Price / SF$96.67
Days on Market750
Property Features for 1 Stagedoor Rd
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Year Built
Listing Agency:
RBR Real Estate Solutions LLC
Listed By:
Robert Buyakowski · License #NYs # 10491211304
(845) 489-5079
Source:
Crexi
Added: Oct 21, 2024
Changed: Nov 4
Last Checked: Nov 8 at 7:07AM
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 RBR Real Estate Solutions LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at Route 9 and Old Route 9 in Fishkill, Dutchess County, New York, this property presents a retail development opportunity. It features over 700 feet of frontage on Route 9 and is zoned Highway Business, making it suitable for retail businesses such as self-storage, gas stations, fast food, car dealerships, grocery stores, furniture stores, pharmacies, and wholesale retail. The existing 30,000 sq.ft. building offers retail and showroom space with redevelopment potential. The property provides flexibility for various business ventures. The area has a thriving demographic with spending potential within a 10-mile radius. The property is located in the Town of Wappinger (Fishkill Post Office), Dutchess County, New York. There is a signalized traffic light for Southbound Route 9 access, on Old Route 9 less than 1 mile south. Owners are willing to build to suit. Property has expired for site plan for self-storage conversion.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$185,543
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,710,860
$3.7M
Cap Rate 7%
$2,650,614
$2.7M
Cap Rate 9%
$2,061,589
$2.1M
Market Conditions
NOI Build-Up for 30,000 SF
Gross rent
$284.4K $9.48/SF
− Vacancy
−$19.3K −$0.64/SF
EGI
$265.1K $8.84/SF
− OpEx
−$79.5K −$2.65/SF
NOI
$185.5K $6.18/SF
Area
Dutchess County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,710,860
Cap Rate 7%
$2,650,614
Cap Rate 9%
$2,061,589
Alternative Uses
Best Use
Specialty Retail
$7.76M
$6.79M – $9.05M
NOI $543,186 @ 7.0% cap · market cap 18.73%
Second Best
Retail
$5.48M
$4.80M – $6.40M
NOI $383,851 @ 7.0% cap · market cap 13.24%
Theoretical Best
Office A
$9.03M
$7.90M – $10.54M
NOI $632,137 @ 7.0% cap · market cap 21.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Explore this area
Business Placement
Demographics for 12524, NY
15,617
Population
6,702
Households
2.3
Avg Household Size
46
Median Age
36%
College-Educated
94%
High-School Grad
16.8 sq mi
ZIP Area
930
Density / Sq Mi
$95,713
Median Household Income
$59,017
Median Earnings
$1,806
Median Rent
$373,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Retail properties & Spaces in Dutchess County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Retail property - Retail/showroom with redevelopment potential on Route 9 in Fishkill.
Where is this retail property located?
The property is located at 1 Stagedoor Rd Fishkill, NY.
What is the asking price?
The asking price for this property is $2,900,000.
