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2436 Route 83, Pine Plains, NY 12567
Warehouse property totaling 16,800 square feet at 2436 Route 83 in Pine Plains.
Property Size16,800 SF
Price / SF$88.99
Days on Market560
Property Features for 2436 Route 83
General Information
Standard status
Active
Size
16,800 SF
Property subtype
INDUSTRIAL
Listing Agency:
CR Properties Group, LLC
(845) 485-3100
Listed By:
Tom Cervone
Source:
Moodyscre
Added: Apr 24, 2025
Changed: Oct 25
Last Checked: Nov 3 at 8:38AM
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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Investment Insights
Based on property information with market context.
Warehouse property totaling 16,800 square feet at 2436 Route 83 in Pine Plains, New York. The surrounding area is characterized by a rural setting with rolling hills, farmland, and forests, offering an outdoor-focused lifestyle and a small-town community feel.
The building size supports a range of warehouse and storage uses, with room to accommodate typical back-of-house logistics and inventory staging needs. For operational planning, the property’s Route 83 frontage and straightforward access along the main roadway are practical considerations for day-to-day receiving and distribution.
The building size supports a range of warehouse and storage uses, with room to accommodate typical back-of-house logistics and inventory staging needs. For operational planning, the property’s Route 83 frontage and straightforward access along the main roadway are practical considerations for day-to-day receiving and distribution.
Key Highlights
- 16,800 SF warehouse property
- Located at 2436 Route 83 in Pine Plains, NY
- Rural setting with rolling hills, farmland, and forests
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,169
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,523,380
$2.5M
Cap Rate 7%
$1,802,414
$1.8M
Cap Rate 9%
$1,401,878
$1.4M
Market Conditions
NOI Build-Up for 16,800 SF
Gross rent
$159.3K $9.48/SF
− Vacancy
−$10.8K −$0.64/SF
EGI
$148.4K $8.84/SF
− OpEx
−$22.3K −$1.33/SF
NOI
$126.2K $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 Rate 5%
$2,523,380
Cap Rate 7%
$1,802,414
Cap Rate 9%
$1,401,878
Alternative Uses
Best Use
Warehouse
$1.80M
$1.58M – $2.10M
NOI $126,169 @ 7.0% cap · market cap 8.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.06M
$4.42M – $5.90M
NOI $353,997 @ 7.0% cap · market cap 23.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12567, NY
2,564
Population
1,434
Households
1.8
Avg Household Size
50
Median Age
42%
College-Educated
91%
High-School Grad
46.0 sq mi
ZIP Area
56
Density / Sq Mi
$95,982
Median Household Income
$53,140
Median Earnings
$1,455
Median Rent
$329,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property totaling 16,800 square feet at 2436 Route 83 in Pine Plains.
Where is this warehouse located?
The property is located at 2436 Route 83 Pine Plains, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 16,800 SF warehouse property; Located at 2436 Route 83 in Pine Plains, NY; Rural setting with rolling hills, farmland, and forests
