Building Details

Building Size 2,896 SF

Buildings 1

Listing Agency: Gillian Stewart Real Estate Show Phone

Listed By: Gillian Stewart Show Phone

Source: Gillianstewart

Added: Jul 24 Changed: Oct 23 Last Checked: Oct 23 at 2:32PM

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Investment Insights

Based on property information with market context.

At 1061 Freedom Plains Road, this gas station includes fuel service, a convenience store and an on-site car wash. The property is zoned TCB.

The address is in Poughkeepsie, New York, near the Taconic State Parkway.

Key Highlights

• Gas station with fuel service, convenience store and on‑site car wash
• Zoned TCB
• Located near the Taconic State Parkway

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,054

Cap Rate

8.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$741,080 $741.1K

Cap Rate 7%

$529,343 $529.3K

Cap Rate 9%

$411,711 $411.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,896 SF

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 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 (±1% cap)

NOI $52,436 @ 7.0% cap · market cap 12.34%

Second Best

Retail

$529.3K

$463.2K – $617.6K (±1% cap)

NOI $37,054 @ 7.0% cap · market cap 8.72%

Theoretical Best

Office A

$871.7K

$762.8K – $1.02M (±1% cap)

NOI $61,022 @ 7.0% cap · market cap 14.36%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Mobil gas station ... Gas Station Eshaa Gas Mart Gas Station Mobil Gas Station ATM (LaGrange Food ... Atm ATM (Eshaa Gas ... Atm

Suggested Use

Top Pick Auto Repair Shop Grocery & Convenience Store Locksmith (Bike/Boat/Book/etc) Store Computer & Electronic Repair Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Gas station - Fuel sales and convenience retail operate alongside an on-site vehicle wash.

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: Gas station with fuel service, convenience store and on‑site car wash; Zoned TCB; Located near the Taconic State Parkway