Automotive Shop With Flexible
For Sale
$499,999
44 WOODLAND DR, Wappingers Falls, NY 12590
Configured for repair, service, storage, and other commercial uses with private on-site parking.
Property Size3,048 SF
Price / SF$164.04
Days on Market98
Property Features for 44 WOODLAND DR
General Information
Standard status
Active
Size
3,048 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$7,727
Amenities
workspace bays
ample parking
3
Parking.
Lot, Private.
Listing Agency:
K. Fortuna Realty, Inc.
(845) 728-1970
Listed By:
Kevin Fortuna · License #10311201951
(845) 728-1970
Source:
Xome
Added: May 24
Changed: Aug 28
Last Checked: Aug 28 at 10:09AM
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 K. Fortuna Realty, Inc.
Investment Insights
Based on property information with market context.
This 3,048-square-foot commercial property is arranged as an automotive and mechanic shop with workspace bays and private parking. The existing configuration supports repair and service operations, while the flexible layout can also accommodate storage or other commercial activities identified for the property.
The site offers access to a well-traveled corridor and major roadways serving the Hudson Valley area. Its combination of service-oriented improvements, bay workspace, and parking provides a practical setting for an owner-operator or an expanding commercial business.
The site offers access to a well-traveled corridor and major roadways serving the Hudson Valley area. Its combination of service-oriented improvements, bay workspace, and parking provides a practical setting for an owner-operator or an expanding commercial business.
Key Highlights
- 3,048‑square‑foot automotive and mechanic shop
- Workspace bays support repair and service operations
- Private on‑site parking
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
$38,999
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
7.80%
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%
$779,980
$780.0K
Cap Rate 7%
$557,129
$557.1K
Cap Rate 9%
$433,322
$433.3K
Market Conditions
NOI Build-Up for 3,048 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
$58.2K $19.08/SF
− Vacancy
−$2.4K −$0.80/SF
EGI
$55.7K $18.28/SF
− OpEx
−$16.7K −$5.48/SF
NOI
$39.0K $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 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%
$779,980
Cap Rate 7%
$557,129
Cap Rate 9%
$433,322
Alternative Uses
Best Use
Flex RnD
$714.8K
$625.4K – $833.9K
NOI $50,033 @ 7.0% cap · market cap 10.01%
Second Best
Retail
$557.1K
$487.5K – $650.0K
NOI $38,999 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$917.5K
$802.8K – $1.07M
NOI $64,225 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Configured for repair, service, storage, and other commercial uses with private on-site parking.
Where is this auto shop located?
The property is located at 44 WOODLAND DR Wappingers Falls, NY.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: 3,048‑square‑foot automotive and mechanic shop; Workspace bays support repair and service operations; Private on‑site parking
