Mixed-Use Property with
New
For Sale
$499,000
134 Smith Street, Poughkeepsie, NY 12601
Commercial Sale, Poughkeepsie, NY
Property Size3,040 SF
Lot Size0.13 Acres
Price / SF$164.14
Days on Market5
Property Features for 134 Smith Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IM
Elementary school district
Contact Agent
Middle school district
Contact Agent
High school district
Contact Agent
Standard status
Active
APN
131300-6162-72-414248-0000
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7152
Utilities
Sewer type
Public Sewer
Heating system
Oil
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Flooring type
Tile, Vinyl
Building materials
Frame
Listing Agency:
River Realty Services, Inc.
(845) 564-2800
Listed By:
Matthew J. McGroarty
(845) 321-5868
Added: Sep 28
Changed: Oct 1
Last Checked: Oct 2 at 1:06AM
MLS# 1055950
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property contains 3,040 square feet, divided between a 1,520-square-foot commercial area and a 1,520-square-foot attached apartment with two bedrooms. The frame construction has tile and vinyl flooring, oil heat, and wall or window-unit cooling.
The parcel measures 0.13 acres and is zoned IM. Public water and public sewer serve the property.
The parcel measures 0.13 acres and is zoned IM. Public water and public sewer serve the property.
Key Highlights
- 3,040‑square‑foot mixed‑use property
- Commercial space measures 1,520 square feet
- Attached 1,520‑square‑foot apartment with two bedrooms
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
$38,897
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
7.79%
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%
$777,940
$777.9K
Cap Rate 7%
$555,671
$555.7K
Cap Rate 9%
$432,189
$432.2K
Market Conditions
NOI Build-Up for 3,040 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
$58.0K $19.08/SF
− Vacancy
−$2.4K −$0.80/SF
EGI
$55.6K $18.28/SF
− OpEx
−$16.7K −$5.48/SF
NOI
$38.9K $12.80/SF
Area
Dutchess County, NY
Vacancy
4.20%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
30.00%
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%
$777,940
Cap Rate 7%
$555,671
Cap Rate 9%
$432,189
Alternative Uses
Best Use
Retail
$555.7K
$486.2K – $648.3K
NOI $38,897 @ 7.0% cap · market cap 7.79%
Second Best
Mixed Use
$527.7K
$461.7K – $615.6K
NOI $36,936 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$915.1K
$800.7K – $1.07M
NOI $64,057 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,151
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Gulf Oil
Shops & Services
3,371 visits/mo
0.5 miles
CARSTAR Stofa's Auto and Collision
Shops & Services
2,006 visits/mo
0.4 miles
Citgo
Shops & Services
1,259 visits/mo
0.5 miles
Demographics for 12601, NY
44,264
Population
17,972
Households
2.5
Avg Household Size
35
Median Age
30%
College-Educated
88%
High-School Grad
18.3 sq mi
ZIP Area
2,419
Density / Sq Mi
$64,769
Median Household Income
$37,259
Median Earnings
$1,376
Median Rent
$275,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A commercial space and attached two-bedroom residence share one property.
Where is this mixed-use property located?
The property is located at 134 Smith Street Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3,040‑square‑foot mixed‑use property; Commercial space measures 1,520 square feet; Attached 1,520‑square‑foot apartment with two bedrooms
