Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Warren Street Multi-Use Building Title is generated by Realmo AI

    508 Warren St, Hudson, NY 12534

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,575,000

    Renovated mixed-use building in prime Hudson location.

    Type:General Commercial
    Property size:
    3,936 SF
    Price / SF:
    $400/SF
    Added:
    Oct 20, 2022
    Days on Market:
    1303
    Last Refresh:
    Apr 1 at 8:52 pm

    Property Features for 508 Warren St

    General Information

    Standard status
    Active
    Size
    3,936 SF
    Property subtype
    General Commercial

    Building Details

    Year Built
    1860

    We can help!

    Listing Contact
    Pamela King-Belfor

    Listing agent Pamela King-Belfor

    Listing office Four Seasons Sotheby's Int.

    Listing date Oct 20, 2022

    Source Xome

    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 Four Seasons Sotheby's Int.

    HighLights

    • Prime location on the 500 block of Warren Street.
    • Completely renovated in 2022.
    • Turn‑key property generating immediate income from retail and office rentals.
    • Includes renovated apartments on the second and third floors.
    • Features a P‑stone patio/parking area off Prison Alley.
    • Multi‑use building with CC zoning.

    Overview

    This multi-use building is strategically located in the 500 block of Warren Street in Hudson. The building underwent a complete renovation in 2022. The first floor features an operating retail space and an office, both of which are currently rented. The second and third floors contain renovated apartments. A p-stone patio and parking area are located in the back off Prison Alley. The property is turn-key.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Loup Clothing & Fashion Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hudson
    County
    Columbia
    State
    New York
    Longitude
    -73.7861472
    Latitude
    42.2494863

    Nearby Similar for Sale

    • $599,900
      5,989 SF

      Versatile Mixed-Use Property on Route 9

      6,000 SF mixed-use property near Hudson, Red Hook, and Rhinebeck.
      2400 U.S. 9, Hudson, NY 12534
      View Details
    • $700,000

      Charming Farmhouse Near Hudson

      Beautifully maintained farmhouse with modern updates and convenient location.
      6650 Hill Street, Hudson, NY 12534
      View Details
    • $775,000
      6,915 SF

      Versatile Multi-Unit Property For Sale

      Multi-unit property with rental income potential near Hudson, NY.
      163 County Rte 14, Hudson, NY 12534
      View Details
    • $799,000
      2,622 SF

      Hudson Multifamily Investment Opportunity

      Three-unit multifamily property in Hudson's vibrant Warren Street.
      823 Warren Street, Hudson, NY 12534
      View Details
    • $575,000
      4,400 SF

      Hudson Multidimensional Development Opportunity

      Versatile commercial space in Hudson, NY, ideal for various uses.
      357 Columbia Street, Hudson, NY 12534
      View Details
    • $289,900

      High-Traffic Commercial Property For Sale

      Commercial property with high visibility and strong business potential.
      93 Healy Blvd, Hudson, NY 12534
      View Details
    • $525,000
      3,633 SF

      Versatile Commercial Property on Two Acres

      Adaptable space with expansion potential on a spacious two-acre lot.
      337 Fairview Avenue, Hudson, NY 12534
      View Details
    • $1,495,000
      7,544 SF

      Versatile Commercial Building in Hudson

      7,544 SF commercial building on 1.5 acres near downtown.
      309 Power Avenue, Hudson, NY 12534
      View Details
    • $2,795,000
      22,568 SF

      Iconic Mixed-Use Hudson Building

      Premier mixed-use building in downtown Hudson with commercial and residential units.
      754-756 Columbia Street, Hudson, NY 12534
      View Details
    • $850,000
      3,939 SF

      Grand Victorian Multi-Family in Hudson

      Impressive 3-unit Victorian with charm, near Warren Street.
      49 - 51 Worth Avenue, Hudson, NY 12534
      View Details
    • $229,900
      2,400 SF

      87.8 Acres with Pole Barn

      Land with barn, creek, and fenced areas in Belfast, NY.
      8146 County Road 41, New Hudson, NY 14711
      View Details
    • $2,250,000
      2,157 SF

      Mixed-Use Farm & Investment Property

      69-acre farm with four rental units near Hudson, NY.
      274 Fingar Road, Hudson, NY 12534
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Renovated mixed-use building in prime Hudson location.
    Where is this mixed-use property located?
    The property is located at 508 Warren St Hudson, NY.
    What is the asking price?
    The asking price for this property is $1,575,000.
    What are key features of this property?
    This property features: Prime location on the 500 block of Warren Street.; Completely renovated in 2022.; Turn‑key property generating immediate income from retail and office rentals.
    (518) 822-0800
    We can help!
    Listing Contact
    Pamela King-Belfor
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    508 Warren St, Hudson, NY 12534
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!