Retail Storefront
For Sale
Contact for pricing
173 Fairview Avenue, Hudson, NY 12534
For-sale storefront property near Columbia Memorial Health and the FASNY Firemen's Home.
Property Size11,585 SF
Price / SF$305.59
Days on Market100
Property Features for 173 Fairview Avenue
General Information
Standard status
Active
Size
11,585 SF
Property subtype
Retail
Lease Type
Absolute Net
Net Operating Income
$300,290
Building Details
Year Built
2002
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Christian Becker · License #794055
Source:
Crexi
Added: May 29
Changed: Sep 4
Last Checked: Aug 31 at 11:19PM
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 Matthews
Investment Insights
Based on property information with market context.
This for-sale retail storefront property is listed as a commercial real estate opportunity totaling 11,585 square feet.
The property is identified near Columbia Memorial Health, with the FASNY Firemen's Home noted nearby in the public remarks. The listing also references $102K in incomes.
The offering is presented under retail property and storefront property classifications, and the address is 173 Fairview Avenue, Hudson, NY 12534.
The property is identified near Columbia Memorial Health, with the FASNY Firemen's Home noted nearby in the public remarks. The listing also references $102K in incomes.
The offering is presented under retail property and storefront property classifications, and the address is 173 Fairview Avenue, Hudson, NY 12534.
Key Highlights
- Year built: 2002
- Storefront property for sale near Columbia Memorial Health
- Located near FASNY Firemen's Home
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
$168,159
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
4.75%
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%
$3,363,180
$3.4M
Cap Rate 7%
$2,402,271
$2.4M
Cap Rate 9%
$1,868,433
$1.9M
Market Conditions
NOI Build-Up for 11,585 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
$250.2K $21.60/SF
− Vacancy
−$26.0K −$2.25/SF
EGI
$224.2K $19.35/SF
− OpEx
−$56.1K −$4.84/SF
NOI
$168.2K $14.52/SF
Area
Columbia County, NY
Vacancy
10.40%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$3,363,180
Cap Rate 7%
$2,402,271
Cap Rate 9%
$1,868,433
Alternative Uses
Best Use
Specialty Retail
$2.40M
$2.10M – $2.80M
NOI $168,159 @ 7.0% cap · market cap 4.75%
Second Best
Retail
$1.74M
$1.52M – $2.03M
NOI $121,934 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$2.87M
$2.51M – $3.34M
NOI $200,634 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
130k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 40%
Groceries 16%
Aldi
Groceries
21,163 visits/mo
0.3 miles
McDonald's
Dining
19,739 visits/mo
0.4 miles
Burger King
Dining
19,656 visits/mo
0.3 miles
Ollie's Bargain Outlet
Shops & Services
12,840 visits/mo
0.2 miles
Jo-Ann Fabric and Craft
Shops & Services
10,456 visits/mo
0.2 miles
Demographics for 12534, NY
17,539
Population
9,613
Households
1.8
Avg Household Size
46
Median Age
33%
College-Educated
88%
High-School Grad
88.6 sq mi
ZIP Area
198
Density / Sq Mi
$76,086
Median Household Income
$40,823
Median Earnings
$1,296
Median Rent
$260,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Walgreens Pharmacy — 173 Fairview Ave, Hudson, NY 12534
- COVID-19 Drive-Thru Testing at Walgreens — 173 Fairview Ave, Hudson, NY 12534
- Anne Fairweather — 173 Fairview Ave, Hudson, NY 125341205
- Gary Lansburg — 173 Fairview Ave, Hudson, NY 125341205
- CVS Pharmacy — 160 Fairview Ave Suite 20, Hudson, NY 12534
Frequently Asked Questions
What type of property is this?
Drug store - For-sale storefront property near Columbia Memorial Health and the FASNY Firemen's Home.
Where is this drug store located?
The property is located at 173 Fairview Avenue Hudson, NY.
What is the asking price?
The asking price for this property is $3,540,294.
What are key features of this property?
This property features: Year built: 2002; Storefront property for sale near Columbia Memorial Health; Located near FASNY Firemen's Home
