Operational Gas Station With Car
For Sale
$425,000
1061 Freedom Plains Road, Poughkeepsie, NY 12603
Includes a convenience store and fuel service near the Taconic State Parkway.
Property Size2,896 SF
Days on Market38
Property Features for 1061 Freedom Plains Road
General Information
Standard status
Active
Size
2,896 SF
Property subtype
Commercial
Zoning
TCB
Additional Details
Business Included
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$54,496
Building Details
Building Size
2,896 SF
Buildings
1
Listing Agency:
K. Fortuna Realty, Inc.
(845) 632-3492
Listed By:
Michael Santarpia · License #10401376905
(845) 632-3492
Source:
Mahlerrealty
Added: Jul 24
Changed: Aug 30
Last Checked: Aug 30 at 6:59AM
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 K. Fortuna Realty, Inc.
Investment Insights
Based on property information with market context.
This operating gas station combines fuel service, a convenience store, and an on-site car wash at 1061 Freedom Plains Road in Poughkeepsie, New York. The integrated configuration supports several commercial functions within one property.
The site is near the Taconic State Parkway and serves local residents and commuters. The property is identified with TCB zoning, and the offering includes the established business operation and its convenience-store and car-wash components.
The site is near the Taconic State Parkway and serves local residents and commuters. The property is identified with TCB zoning, and the offering includes the established business operation and its convenience-store and car-wash components.
Key Highlights
- Fully operational gas station with fuel service
- Convenience store included on the property
- On‑site car wash
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
$37,054
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
8.72%
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%
$741,080
$741.1K
Cap Rate 7%
$529,343
$529.3K
Cap Rate 9%
$411,711
$411.7K
Market Conditions
NOI Build-Up for 2,896 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
$55.3K $19.08/SF
− Vacancy
−$2.3K −$0.80/SF
EGI
$52.9K $18.28/SF
− OpEx
−$15.9K −$5.48/SF
NOI
$37.1K $12.80/SF
Area
Dutchess County, NY
Vacancy
4.20%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
30.00%
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%
$741,080
Cap Rate 7%
$529,343
Cap Rate 9%
$411,711
Alternative Uses
Best Use
Specialty Retail
$749.1K
$655.5K – $873.9K
NOI $52,436 @ 7.0% cap · market cap 12.34%
Second Best
Retail
$529.3K
$463.2K – $617.6K
NOI $37,054 @ 7.0% cap · market cap 8.72%
Theoretical Best
Office A
$871.7K
$762.8K – $1.02M
NOI $61,022 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
58k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 45%
McDonald's
Dining
31,728 visits/mo
0.3 miles
Valero Energy
Shops & Services
16,418 visits/mo
0.5 miles
Mobil
Shops & Services
8,294 visits/mo
0.1 miles
M&T Bank
Shops & Services
1,387 visits/mo
0.3 miles
Demographics for 12603, NY
41,470
Population
17,468
Households
2.4
Avg Household Size
43
Median Age
47%
College-Educated
94%
High-School Grad
31.9 sq mi
ZIP Area
1,300
Density / Sq Mi
$104,185
Median Household Income
$54,254
Median Earnings
$1,626
Median Rent
$342,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Includes a convenience store and fuel service near the Taconic State Parkway.
Where is this gas station located?
The property is located at 1061 Freedom Plains Road Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Fully operational gas station with fuel service; Convenience store included on the property; On‑site car wash
