Commercial Office
For Sale
Contact for pricing
787 Sergeant Palmateer Way, Wappingers Falls, NY 12590
Office building in Wappingers Falls with convenient access to I-84 and the Taconic State Parkway.
Property Size6,902 SF
Price / SF$181.11
Days on Market562
Property Features for 787 Sergeant Palmateer Way
General Information
Standard status
Active
Size
6,902 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Buildings
1
Listing Agency:
CR Properties Group, LLC
(845) 485-3100
Listed By:
Tom Cervone
Source:
Moodyscre
Added: Apr 17, 2025
Changed: Oct 25
Last Checked: Oct 28 at 12:08PM
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 CR Properties Group, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Commercial office building offered for sale at 787 Sergeant Palmateer Way in Wappingers Falls, NY. The property includes approximately 6,902 square feet of space.
The location is about 7 minutes from Interstate 84 and roughly 12 miles from the Taconic State Parkway. It also sits near several demand generators, including the New Hamburg Metro North Train Station, the New York State Police, and Wappinger Town Court. Area retailers mentioned include Adams Fairacre Farms, Hannafords, and multiple area dealerships.
This offering presents a straightforward office building option in a retail- and service-adjacent area with direct regional roadway access.
The location is about 7 minutes from Interstate 84 and roughly 12 miles from the Taconic State Parkway. It also sits near several demand generators, including the New Hamburg Metro North Train Station, the New York State Police, and Wappinger Town Court. Area retailers mentioned include Adams Fairacre Farms, Hannafords, and multiple area dealerships.
This offering presents a straightforward office building option in a retail- and service-adjacent area with direct regional roadway access.
Key Highlights
- Approximately 6,902 SF office building at 787 Sergeant Palmateer Way
- 7 minutes from Interstate 84
- 12 miles from the Taconic State Parkway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,471
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,209,420
$2.2M
Cap Rate 7%
$1,578,157
$1.6M
Cap Rate 9%
$1,227,456
$1.2M
Market Conditions
NOI Build-Up for 6,902 SF
Gross rent
$188.8K $27.36/SF
− Vacancy
−$41.5K −$6.02/SF
EGI
$147.3K $21.34/SF
− OpEx
−$36.8K −$5.34/SF
NOI
$110.5K $16.01/SF
Area
Dutchess County, NY
Vacancy
22.00%
Lease Rate
$27.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,209,420
Cap Rate 7%
$1,578,157
Cap Rate 9%
$1,227,456
Alternative Uses
Best Use
Office B
$1.58M
$1.38M – $1.84M
NOI $110,471 @ 7.0% cap · market cap 8.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.42M
NOI $145,434 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Explore this area
Business Placement
Demographics for 12590, NY
37,051
Population
14,563
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
34.8 sq mi
ZIP Area
1,065
Density / Sq Mi
$98,252
Median Household Income
$52,861
Median Earnings
$1,674
Median Rent
$365,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Office building in Wappingers Falls with convenient access to I-84 and the Taconic State Parkway.
Where is this office building located?
The property is located at 787 Sergeant Palmateer Way Wappingers Falls, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 6,902 SF office building at 787 Sergeant Palmateer Way; 7 minutes from Interstate 84; 12 miles from the Taconic State Parkway
