Building Details

Building Size 4,828 SF

Listing Agency: CR Properties Group LLC

Listed By: Thomas M. Cervone · License #49CE0922865 Show Phone

Source: Crproperties

Added: Jun 24 Changed: Oct 14 Last Checked: Oct 16 at 7:36AM

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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 CR Properties Group LLC

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Investment Insights

Based on property information with market context.

This live-work property combines a 2,128 SF residential home with a dedicated 900 SF architectural woodworking shop and a separate barn. The configuration supports residential occupancy alongside hands-on fabrication or maker-oriented use, with the improvements arranged as a combined home and workspace.

The property includes 3.3 acres plus 1.1 acres of adjoining raw land, creating 4.4 acres in total. An equipment list is available upon request. Located at 190 North Parliman Road in Lagrangeville, New York, the offering brings residential and workshop components together in one property.

Key Highlights

• 2,128 SF residential home
• 900 SF architectural woodworking shop
• Separate barn included with the property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$77,275

Cap Rate

7.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,545,500 $1.5M

Cap Rate 7%

$1,103,929 $1.1M

Cap Rate 9%

$858,611 $858.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,828 SF

Gross rent

$132.1K $27.36/SF

− Vacancy

−$29.1K −$6.02/SF

EGI

$103.0K $21.34/SF

− OpEx

−$25.8K −$5.34/SF

NOI

$77.3K $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%

$1,545,500

Cap Rate 7%

$1,103,929

Cap Rate 9%

$858,611

Alternative Uses

Best Use

Office B

$1.10M

$965.9K – $1.29M (±1% cap)

NOI $77,275 @ 7.0% cap · market cap 7.77%

Second Best

Mixed Use

$838.0K

$733.3K – $977.7K (±1% cap)

NOI $58,660 @ 7.0% cap · market cap 5.90%

Theoretical Best

Office A

$1.45M

$1.27M – $1.70M (±1% cap)

NOI $101,732 @ 7.0% cap · market cap 10.22%

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

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick Dental Office Building Supply Plumbing Service Law Firm Skin Care Clinic Home Appliance Store

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

Location Intelligence

Trade Area within ½ mile

18

Businesses Nearby

Explore this area Business Placement

Demographics for 12540, NY

7,666

Population

3,318

Households

2.3

Avg Household Size

44

Median Age

43%

College-Educated

96%

High-School Grad

35.3 sq mi

ZIP Area

217

Density / Sq Mi

$107,436

Median Household Income

$47,849

Median Earnings

$2,077

Median Rent

$443,800

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Live-work space - Includes a residence, woodworking shop, and barn across connected acreage.

Where is this live-work space located?

The property is located at 190 North Parliman Road Lagrangeville, NY.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: 2,128 SF residential home; 900 SF architectural woodworking shop; Separate barn included with the property