Two-Story Mixed-Use Commercial
New
For Sale
$540,000
352 MAIN ST, Poughkeepsie, NY 12601
Brick property includes a convenience store and distinct upper-floor space.
Property Size2,392 SF
Price / SF$225.75
Days on Market5
Property Features for 352 MAIN ST
General Information
Standard status
Active
Size
2,392 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$8,000
Amenities
Central Air
Parking.
On Street.
Level
Level.
Listing Agency:
Century 21 Hudson Valley Rlty.
(845) 454-6334
Listed By:
Joyce Stanton · License #10491211399
(845) 489-8784
Source:
Xome
Added: Aug 29
Changed: Sep 1
Last Checked: Sep 1 at 8:42PM
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 Century 21 Hudson Valley Rlty.
Investment Insights
Based on property information with market context.
This two-story brick commercial property includes an established convenience store and a separate second-floor area. The building offers 2,392 square feet with central air, providing a defined retail component and additional upper-level space within the same structure.
Located in the business district of Poughkeepsie, the property includes level site characteristics, parking, and on-street parking. The sale includes the established convenience store operation and the commercial building, creating a combined real estate and business offering.
Located in the business district of Poughkeepsie, the property includes level site characteristics, parking, and on-street parking. The sale includes the established convenience store operation and the commercial building, creating a combined real estate and business offering.
Key Highlights
- 2,392‑square‑foot two‑story brick commercial building
- Established convenience store included in the sale
- Separate second‑floor area within the building
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
$43,310
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
8.02%
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%
$866,200
$866.2K
Cap Rate 7%
$618,714
$618.7K
Cap Rate 9%
$481,222
$481.2K
Market Conditions
NOI Build-Up for 2,392 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
$60.3K $25.20/SF
− Vacancy
−$2.5K −$1.06/SF
EGI
$57.7K $24.14/SF
− OpEx
−$14.4K −$6.04/SF
NOI
$43.3K $18.11/SF
Area
Dutchess County, NY
Vacancy
4.20%
Lease Rate
$25.20 /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%
$866,200
Cap Rate 7%
$618,714
Cap Rate 9%
$481,222
Alternative Uses
Best Use
Specialty Retail
$618.7K
$541.4K – $721.8K
NOI $43,310 @ 7.0% cap · market cap 8.02%
Second Best
Retail
$437.2K
$382.6K – $510.1K
NOI $30,606 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$720.0K
$630.0K – $840.0K
NOI $50,402 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,487
Businesses Nearby
33k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 79%
Hotels & Casinos 18%
Electronics 2%
Dollar General
Shops & Services
7,107 visits/mo
0.4 miles
DoubleTree by Hilton Poughkeepsie
Hotels & Casinos
6,026 visits/mo
0.3 miles
Mobil
Shops & Services
5,651 visits/mo
0.4 miles
Valero Energy
Shops & Services
4,847 visits/mo
0.4 miles
Gulf Oil
Shops & Services
3,371 visits/mo
0.4 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick property includes a convenience store and distinct upper-floor space.
Where is this mixed-use property located?
The property is located at 352 MAIN ST Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: 2,392‑square‑foot two‑story brick commercial building; Established convenience store included in the sale; Separate second‑floor area within the building
