Two-Story Medical Office
11 Airport Dr Wappingers Falls, NY 12590
New
Two-story building with office, exam rooms, reception, kitchenette, two bathrooms, and ample storage with separate entrances.
Type:Commercial
Property size:
3,300 SFPrice / SF:
$196/SF- Added:
- Jul 9, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 10 at 3:05 am
Property Features for 11 Airport Dr
General Information
- Standard status
- Active
- Size
- 3,300 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2002
Listing office Houlihan Lawrence Inc. (973) 464-6434
Listing date Jul 9, 2026
Source Elliman
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 Houlihan Lawrence Inc.
Investment Insights
Based on property information with market context.
Offered for sale for the first time in over 20 years, this two-story professional building totals approximately 3,300 square feet and is currently operating as an animal care facility. The interior includes an office, exam rooms, reception and waiting area, kitchenette, two bathrooms, and ample storage. Separate client and employee entrances support more efficient day-to-day operations, and the layout offers a functional foundation for renovation or customization to suit a range of business needs.
The property is located at a high-visibility intersection of Route 376 and Airport Road, with more than 850 feet of road frontage and an average daily traffic count of approximately 16,000 vehicles. It also features expansive on-site parking. The building sits adjacent to Hudson Valley Regional Airport and the Airport Park Soccer Complex, in Wappingers Falls’ business corridor.
Zoned General Business, the property allows a wide variety of permitted uses, including medical, professional, financial, retail, office, and service-related businesses. With its existing improvements and flexible zoning, the building is positioned as a versatile option for owner-users and investors seeking a centrally exposed commercial facility.
The property is located at a high-visibility intersection of Route 376 and Airport Road, with more than 850 feet of road frontage and an average daily traffic count of approximately 16,000 vehicles. It also features expansive on-site parking. The building sits adjacent to Hudson Valley Regional Airport and the Airport Park Soccer Complex, in Wappingers Falls’ business corridor.
Zoned General Business, the property allows a wide variety of permitted uses, including medical, professional, financial, retail, office, and service-related businesses. With its existing improvements and flexible zoning, the building is positioned as a versatile option for owner-users and investors seeking a centrally exposed commercial facility.
Key Highlights
- 2002‑built two‑story professional building with approx. 3,300 SF and separate client and employee entrances
- Approx. 850+ ft of road frontage on Route 376 and Airport Road with average daily traffic of ~16,000 vehicles
- General Business zoning with permitted uses including medical, professional, financial, retail, office, and service‑related businesses
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.0k | $30.00 |
| − Vacancy | −$10.4k | −$3.15 |
| EGI | $88.6k | $26.85 |
| − OpEx | −$35.4k | −$10.74 |
| NOI | $53.2k | $16.11 |
3,300 SF · lease $30.00/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$759.5K
$664.5K – $886.1K
NOI $53,163 @ 7.0% cap · market cap 8.20%
Second Best
Office B
$754.5K
$660.2K – $880.3K
NOI $52,818 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$993.4K
$869.2K – $1.16M
NOI $69,535 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Airport Veterinary Center
Veterinary Clinic
Airport Pet Salon ...
Pet Grooming Service
Similar For Sale Nearby
Similar Off Market Nearby
- Airport Veterinary Center — 11 Airport Dr, Wappingers Falls, NY 12590
FAQs
What type of property is this?
Medical Office Space - Two-story building with office, exam rooms, reception, kitchenette, two bathrooms, and ample storage with separate entrances.
Where is this medical office space located?
The property is located at 11 Airport Dr Wappingers Falls, NY.
What is the asking price?
The asking price for this property is $648,000.
What are key features of this property?
This property features: 2002‑built two‑story professional building with approx. 3,300 SF and separate client and employee entrances; Approx. 850+ ft of road frontage on Route 376 and Airport Road with average daily traffic of ~16,000 vehicles; General Business zoning with permitted uses including medical, professional, financial, retail, office, and service‑related businesses
