Wappingers Falls Office Building For
For Sale
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3 Mac Farlane Rd, Wappingers Falls, NY 12590
Office building for sale in Wappingers Falls, New York.
Property Size1,062 SF
Price / SF$560.26
Days on Market878
Property Features for 3 Mac Farlane Rd
General Information
Standard status
Active
Size
1,062 SF
Class
C
Property subtype
Office
Lease Type
NNN
Listing Agency:
CR Properties Group LLC
Listed By:
Thomas Cervone · License #NY 49CE0922865
(845) 485-3100
Source:
Crexi
Added: May 23, 2024
Changed: Oct 16
Last Checked: Oct 16 at 8:32AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
An office building is available for sale at 3 Mac Farlane Road, Wappingers Falls, New York. The property is located within the Highway Business District Zoning. Nearby area generators include Adams Fairacre Farms, Acura, Tractor Supply, Mercedes, Volvo, Volkswagen, and Viscount Liquor. The location benefits from a traffic count of 35,148 AADT on U.S. Route 9. The building has a size of 1,062 square feet.
Key Highlights
- High traffic count: 35,148 AADT on U.S. Route 9
- Located in HB, Highway Business District Zoning
- Close proximity to Adams Fairacre Farms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,998
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,960
$340.0K
Cap Rate 7%
$242,829
$242.8K
Cap Rate 9%
$188,867
$188.9K
Market Conditions
NOI Build-Up for 1,062 SF
Gross rent
$29.1K $27.36/SF
− Vacancy
−$6.4K −$6.02/SF
EGI
$22.7K $21.34/SF
− OpEx
−$5.7K −$5.34/SF
NOI
$17.0K $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%
$339,960
Cap Rate 7%
$242,829
Cap Rate 9%
$188,867
Alternative Uses
Best Use
Office B
$242.8K
$212.5K – $283.3K
NOI $16,998 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$319.7K
$279.7K – $373.0K
NOI $22,378 @ 7.0% cap · market cap 3.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
317
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Office building for sale in Wappingers Falls, New York.
Where is this office building located?
The property is located at 3 Mac Farlane Rd Wappingers Falls, NY.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: High traffic count: 35,148 AADT on U.S. Route 9; Located in HB, Highway Business District Zoning; Close proximity to Adams Fairacre Farms
