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    Two-Story Commercial Building on Main Title is generated by Realmo AI

    383 Main St, Poughkeepsie, NY 12601

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    For Sale
    $395,000

    Two-story, 7,280 SF commercial building for sale.

    Type:Commercial
    Property size:
    7,280 SF
    Price / SF:
    $54/SF
    Added:
    Apr 24, 2026
    Days on Market:
    29
    Last Refresh:
    Apr 24 at 4:42 pm

    Property Features for 383 Main St

    General Information

    Standard status
    Active
    Size
    7,280 SF
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Don Minichino
    Don Minichino

    Listing agent Don Minichino License #10401333542

    Listing office Keller Williams Realty Partners

    Listing date Apr 24, 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 Keller Williams Realty Partners

    HighLights

    • 7,280SF commercial building in a prime location.
    • Zoning allows for up to 5 stories as‑of‑right, ideal for redevelopment.
    • First time on the market in over 40 years.
    • Municipal water and sewer connections.
    • Natural gas access on the street.
    • Priced for a quick sale, reflecting the need for renovations.

    Overview

    The property at 383 Main is a two-story commercial building with 7,280 square feet. It was recently vacated by a long-time single retail tenant who used the upper floors for storage and workshop space. This is the first time the property has been for sale in more than 40 years. The site features municipal water and sewer, oil heat with tanks located in the basement, and natural gas access on the street. Originally a three-story home with a basement, a later addition extended the building back to the property line on the first and second floors, leaving a small front attic and a covered facade. The building could use a complete interior and exterior overhaul and is priced accordingly for a quick sale. Zoning allows for up to five stories as-of-right, making it an ideal redevelopment or owner-occupier position. The building has a bike score of 35, indicating it is somewhat bikeable. The walk score is 42, indicating that the area is car-dependent. The transit score is 31, indicating some transit options are available.
    Location Intelligence

    Current Use by Public Records

    BEAUTY UP BEAUTY ... (Bike/Boat/Book/etc) Store SY New York ... (Bike/Boat/Book/etc) Store SYNY 383 Beauty ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Flowers by Angel — 7 Garden St, Poughkeepsie, NY 12601
    • Floreria Jasmin — 341 Main St, Poughkeepsie, NY 12601

    Location Insight

    • Map
    • Local Demand
    City
    Poughkeepsie
    County
    Dutchess
    State
    New York
    Longitude
    -73.9240314
    Latitude
    41.7024966

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    FAQs

    What type of property is this?
    Storefront property - Two-story, 7,280 SF commercial building for sale.
    Where is this storefront property located?
    The property is located at 383 Main St Poughkeepsie, NY.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: 7,280SF commercial building in a prime location.; Zoning allows for up to 5 stories as‑of‑right, ideal for redevelopment.; First time on the market in over 40 years.
    (845) 242-4381
    We can help!
    Listing Contact
    Don Minichino
    Don Minichino
    Real Estate License ID: 10401333542
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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