Mixed-Use Property with Work
20 Mac Farlane Rd., Wappingers Falls, NY 12590
For Sale
$2,300,000
Two buildings pair office suites and meeting areas with multiple garage and service bays.
Property Size9,662 SF
Lot Size2.27 Acres
Price / SF$238.05
Days on Market9
Property Features for 20 Mac Farlane Rd.
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Tenancy & Operations
Tenant in Place
Real Estate Included
Additional Details
Highway Access
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
private offices
lobby
conference room
kitchen
lounge area
bathrooms
garage/storage bays
large bays
second-floor office space
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
BHHS Hudson Valley Properties
Listed By:
Christina Naula
Source:
Moreandmorerealestate
Added: Nov 1
Changed: Nov 7
Last Checked: Nov 8 at 7:25PM
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 BHHS Hudson Valley Properties
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Investment Insights
Based on property information with market context.
The 9,662-square-foot property occupies 2.27 acres and includes two buildings. The main building has three private offices, a lobby, conference room, kitchen, lounge, three bathrooms, and three oversized garage or storage bays. It is owner-occupied. The second building features four large bays, second-floor office space, and two bathrooms; it is leased to two local businesses.
The site has parking for approximately 15 vehicles and is located near Route 9. Built in 2020, the property combines office areas, work bays, and storage across both buildings.
The site has parking for approximately 15 vehicles and is located near Route 9. Built in 2020, the property combines office areas, work bays, and storage across both buildings.
Key Highlights
- 2.27‑acre property with 9,662 square feet across two buildings
- Main building includes three private offices, a lobby, conference room, kitchen, lounge, and three bathrooms
- Three oversized garage or storage bays in the main building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,603
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,172,060
$3.2M
Cap Rate 7%
$2,265,757
$2.3M
Cap Rate 9%
$1,762,256
$1.8M
Market Conditions
NOI Build-Up for 9,662 SF
Gross rent
$266.7K $27.60/SF
− Vacancy
−$22.7K −$2.35/SF
EGI
$244.0K $25.25/SF
− OpEx
−$85.4K −$8.84/SF
NOI
$158.6K $16.42/SF
Area
Dutchess County, NY
Vacancy
8.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,172,060
Cap Rate 7%
$2,265,757
Cap Rate 9%
$1,762,256
Alternative Uses
Best Use
Flex RnD
$2.27M
$1.98M – $2.64M
NOI $158,603 @ 7.0% cap · market cap 6.90%
Second Best
Mixed Use
$1.68M
$1.47M – $1.96M
NOI $117,393 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$2.91M
$2.54M – $3.39M
NOI $203,590 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Explore this area
Business Placement
Demographics for 12590, NY
37,051
Population
14,563
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
34.8 sq mi
ZIP Area
1,065
Density / Sq Mi
$98,252
Median Household Income
$52,861
Median Earnings
$1,674
Median Rent
$365,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mixed-use properties in Dutchess County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings pair office suites and meeting areas with multiple garage and service bays.
Where is this mixed-use property located?
The property is located at 20 Mac Farlane Rd. Wappingers Falls, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 2.27‑acre property with 9,662 square feet across two buildings; Main building includes three private offices, a lobby, conference room, kitchen, lounge, and three bathrooms; Three oversized garage or storage bays in the main building
