Live-Work Property with Woodworking
For Sale
$995,000
190 North Parliman Road, Lagrangeville, NY 12540
Includes a residence, woodworking shop, and barn across connected acreage.
Property Size4,828 SF
Days on Market69
Property Features for 190 North Parliman Road
General Information
Standard status
Active
Size
4,828 SF
Class
B
Property subtype
Live / Work
Building Details
Building Size
4,828 SF
Listing Agency:
CR Properties Group LLC
(845) 485-3100
Listed By:
Thomas M. Cervone · License #49CE0922865
Source:
Crproperties
Added: Jun 24
Changed: Aug 30
Last Checked: Aug 30 at 10:16PM
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
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.
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 = 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
$77,275
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
7.77%
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%
$1,545,500
$1.5M
Cap Rate 7%
$1,103,929
$1.1M
Cap Rate 9%
$858,611
$858.6K
Market Conditions
NOI Build-Up for 4,828 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
$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 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%
$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
NOI $77,275 @ 7.0% cap · market cap 7.77%
Second Best
Mixed Use
$838.0K
$733.3K – $977.7K
NOI $58,660 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$1.45M
$1.27M – $1.70M
NOI $101,732 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
