Centrally Located Warehouse with
For Sale
$550,000
44 Manchester Rd, Poughkeepsie, NY 12603
Warehouse with office space, workshop, and easy highway access.
Property Size5,240 SF
Lot Size0.31 Acres
Days on Market281
Property Features for 44 Manchester Rd
General Information
Standard status
Active
Size
5,240 SF
Lot size
0.31 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$15,011
Building Details
Building Size
5,240 SF
Listed By:
Daniel Axtmann
(845) 702-7060
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 21
Last Checked: Sep 4 at 1:20PM
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 Daniel Axtmann
Investment Insights
Based on property information with market context.
This centrally located warehouse features three large bays, a workshop, and a two-story office space. The warehouse has a 21-foot ceiling, three overhead doors, and five lifts. The office space includes a first-floor waiting room, two offices, and a restroom, plus a second-floor office and restroom. Constructed with a block structure, the property is connected to municipal water and sewer services and natural gas. Zoned Arlington Town Center, the property is suitable for a multitude of uses. It offers easy access to Route 55, Route 44, and the Taconic State Parkway. This property presents an opportunity for use in its current configuration or for redevelopment.
Key Highlights
- Centrally located with easy access to Route 55, Route 44 & Taconic State Parkway.
- 21' ceiling with three overhead doors and five lifts for a turnkey operation.
- Arlington Town Center zoning conducive to a multitude of uses.
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
$39,353
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
7.16%
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%
$787,060
$787.1K
Cap Rate 7%
$562,186
$562.2K
Cap Rate 9%
$437,256
$437.3K
Market Conditions
NOI Build-Up for 5,240 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
$49.7K $9.48/SF
− Vacancy
−$3.4K −$0.64/SF
EGI
$46.3K $8.84/SF
− OpEx
−$6.9K −$1.33/SF
NOI
$39.4K $7.51/SF
Area
Dutchess County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$787,060
Cap Rate 7%
$562,186
Cap Rate 9%
$437,256
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $83,869 @ 7.0% cap · market cap 15.25%
Second Best
Warehouse
$562.2K
$491.9K – $655.9K
NOI $39,353 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,413 @ 7.0% cap · market cap 20.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,086
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Office in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- AllSpace Storage — 189 Manchester Rd, Poughkeepsie, NY 12603
- McCollisters Transportation Group — 7 Tucker Dr, Poughkeepsie, NY 12603
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with office space, workshop, and easy highway access.
Where is this warehouse located?
The property is located at 44 Manchester Rd Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Centrally located with easy access to Route 55, Route 44 & Taconic State Parkway.; 21' ceiling with **three overhead doors and five lifts for a turnkey operation.**; Arlington Town Center zoning conducive to a multitude of uses.
