Building Details

Building Size 12,832 SF

Buildings 2

Units 8

Tenancy Multi

Listing Agency: KW MidHudson k***@kw.com Show Phone

Listed By: Don Minichino · License #10401333542 Show Phone

Source: Croninreale

Added: Jun 16 Changed: Oct 23 Last Checked: Oct 23 at 9:51AM

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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 KW MidHudson

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Investment Insights

Based on property information with market context.

At 188 Cottage Street, this 12,832-square-foot mixed-use building occupies a site of nearly one acre. Its C-3 zoning and flexible layout accommodate office, light industrial, and storage uses, with the possibility of reconfiguring the space for other income-producing purposes.

The property has approximately 141 feet of frontage on Cottage Street. The building and site offer a combination of interior space and outdoor area for a range of commercial and industrial configurations.

Key Highlights

• 12,832‑square‑foot mixed‑use building
• Nearly one acre of land
• C‑3 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$79,363

Cap Rate

5.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,587,260 $1.6M

Cap Rate 7%

$1,133,757 $1.1M

Cap Rate 9%

$881,811 $881.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,832 SF

Gross rent

$121.6K $9.48/SF

− Vacancy

−$8.3K −$0.64/SF

EGI

$113.4K $8.84/SF

− OpEx

−$34.0K −$2.65/SF

NOI

$79.4K $6.18/SF

Area

Dutchess County, NY

Vacancy

6.80%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,587,260

Cap Rate 7%

$1,133,757

Cap Rate 9%

$881,811

Alternative Uses

Best Use

Flex RnD

$3.01M

$2.63M – $3.51M (±1% cap)

NOI $210,639 @ 7.0% cap · market cap 15.05%

Second Best

Mixed Use

$2.23M

$1.95M – $2.60M (±1% cap)

NOI $155,909 @ 7.0% cap · market cap 11.14%

Theoretical Best

Office A

$3.86M

$3.38M – $4.51M (±1% cap)

NOI $270,386 @ 7.0% cap · market cap 19.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

D Wilson Electric ... Electrical Service Art Culinaire Warehouse & Storage Mark's Custom Auto Auto Repair Shop Countywide Towing Auto Repair Shop DCG Mechanical Inc. HVAC Service

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Dental Office Storage Facility (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,151

Businesses Nearby

Explore this area Business Placement

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

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - C-3 zoning and adaptable interior space support office, light industrial, and storage configurations.

Where is this mixed-use property located?

The property is located at 188 Cottage Street Poughkeepsie, NY.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: 12,832‑square‑foot mixed‑use building; Nearly one acre of land; C‑3 zoning