Village Storefront with Basement
For Sale
Contact for pricing
38-42 E Market Street Suite 2, Rhinebeck, NY 12572
The business space has rear off-street parking and additional storage below grade.
Property Size7,128 SF
Price / SF$0.58
Days on Market14
Property Features for 38-42 E Market Street Suite 2
General Information
Standard status
Active
Size
7,128 SF
Property subtype
Retail
Amenities
basement storage
off street parking
Building Details
Year Built
1870
Listing Agency:
Neil Charles Real Estate
Listed By:
Ann Stettner · License #10401201931
(917) 660-3266
Source:
Neilcharlesrealestate
Added: Oct 17
Changed: Oct 30
Last Checked: Oct 30 at 2:09AM
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 Neil Charles Real Estate
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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.
This storefront suite offers about 1,400 square feet of retail area, with basement storage for additional space. The building dates to 1870, and off-street parking is available behind it.
At 38-42 E Market Street, Suite 2, the property is in Rhinebeck, New York.
At 38-42 E Market Street, Suite 2, the property is in Rhinebeck, New York.
Key Highlights
- About 1,400 square feet of retail space
- Basement storage
- Rear off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,203
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,824,060
$1.8M
Cap Rate 7%
$1,302,900
$1.3M
Cap Rate 9%
$1,013,367
$1.0M
Market Conditions
NOI Build-Up for 7,128 SF
Gross rent
$136.0K $19.08/SF
− Vacancy
−$5.7K −$0.80/SF
EGI
$130.3K $18.28/SF
− OpEx
−$39.1K −$5.48/SF
NOI
$91.2K $12.80/SF
Area
Dutchess County, NY
Vacancy
4.20%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,824,060
Cap Rate 7%
$1,302,900
Cap Rate 9%
$1,013,367
Alternative Uses
Best Use
Retail
$1.30M
$1.14M – $1.52M
NOI $91,203 @ 7.0% cap · market cap 2,224.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.15M
$1.88M – $2.50M
NOI $150,196 @ 7.0% cap · market cap 3,663.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Valero Energy
Shops & Services
4,630 visits/mo
0.2 miles
M&T Bank
Shops & Services
4,618 visits/mo
0.1 miles
Demographics for 12572, NY
9,258
Population
4,785
Households
1.9
Avg Household Size
55
Median Age
51%
College-Educated
95%
High-School Grad
51.0 sq mi
ZIP Area
182
Density / Sq Mi
$96,377
Median Household Income
$59,583
Median Earnings
$1,631
Median Rent
$458,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Bella Fiori Floral Co — Rhinebeck, NY 12572
Frequently Asked Questions
What type of property is this?
Storefront property - The business space has rear off-street parking and additional storage below grade.
Where is this storefront property located?
The property is located at 38-42 E Market Street Suite 2 Rhinebeck, NY.
What are key features of this property?
This property features: About 1,400 square feet of retail space; Basement storage; Rear off‑street parking
