CVS Pad Site For
For Sale
Contact for pricing
160 Fairview Ave, Hudson, NY
CVS pad site in Columbia County's largest shopping center.
Property Size10,897 SF
Lot Size0.95 Acres
Price / SF$292.08
Days on Market537
Property Features for 160 Fairview Ave
General Information
Standard status
Active
Size
10,897 SF
Lot size
0.95 Acres
Property subtype
RETAIL
Listing Agency:
TRG
(518) 461-4234
Listed By:
Kevin Parisi · License #10401281546
(518) 461-4234
Source:
Moodyscre
Added: Feb 20, 2025
Changed: Aug 8
Last Checked: Aug 11 at 4:47AM
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 TRG
Investment Insights
Based on property information with market context.
An investment opportunity to purchase the CVS pad site located in Fairview Plaza at 160 Fairview Ave in Hudson, NY. The site is located within Columbia County’s largest shopping center. National co-tenants include Jo-Ann Fabrics, Planet Fitness, Burger King, Keybank, and AT&T. The site is just minutes away from Downtown Hudson, is centrally located along Route 9, and shows great positioning among numerous, neighboring, retail chains. The property size is 10897 square feet.
Key Highlights
- Located within Columbia County’s largest shopping center.
- National co‑tenants include Jo‑Ann Fabrics, Planet Fitness, Burger King, Keybank, and AT&T.
- Exclusive investment opportunity to purchase the CVS pad site.
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
$158,172
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
4.97%
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%
$3,163,440
$3.2M
Cap Rate 7%
$2,259,600
$2.3M
Cap Rate 9%
$1,757,467
$1.8M
Market Conditions
NOI Build-Up for 10,897 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
$235.4K $21.60/SF
− Vacancy
−$24.5K −$2.25/SF
EGI
$210.9K $19.35/SF
− OpEx
−$52.7K −$4.84/SF
NOI
$158.2K $14.52/SF
Area
Columbia County, NY
Vacancy
10.40%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$3,163,440
Cap Rate 7%
$2,259,600
Cap Rate 9%
$1,757,467
Alternative Uses
Best Use
Specialty Retail
$2.26M
$1.98M – $2.64M
NOI $158,172 @ 7.0% cap · market cap 4.97%
Second Best
Retail
$1.64M
$1.43M – $1.91M
NOI $114,693 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$2.70M
$2.36M – $3.15M
NOI $188,719 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
147k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 37%
Groceries 14%
Aldi
Groceries
21,163 visits/mo
0.2 miles
McDonald's
Dining
19,739 visits/mo
0.1 miles
Burger King
Dining
19,656 visits/mo
0.1 miles
Ollie's Bargain Outlet
Shops & Services
12,840 visits/mo
0.1 miles
Jo-Ann Fabric and Craft
Shops & Services
10,456 visits/mo
0.1 miles
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Walgreens Pharmacy — 173 Fairview Ave, Hudson, NY 12534
- GO Mushrooms — 886 Columbia St Suite 1-200, Hudson, NY 12534
- COVID-19 Drive-Thru Testing at Walgreens — 173 Fairview Ave, Hudson, NY 12534
- Gary Lansburg — 173 Fairview Ave, Hudson, NY 125341205
- Anne Fairweather — 173 Fairview Ave, Hudson, NY 125341205
Frequently Asked Questions
What type of property is this?
Drug store - CVS pad site in Columbia County's largest shopping center.
Where is this drug store located?
The property is located at 160 Fairview Ave Hudson, NY.
What is the asking price?
The asking price for this property is $3,182,747.
What are key features of this property?
This property features: Located within Columbia County’s largest shopping center.; National co‑tenants include Jo‑Ann Fabrics, Planet Fitness, Burger King, Keybank, and AT&T.; Exclusive investment opportunity to purchase the CVS pad site.
