Building Details

Building Size 6,340 SF

Stories 1

Listing Agency: Keller Williams Realty k***@kw.com Show Phone

Listed By: Craig Pelsue Show Phone

Source: Gillianstewart

Added: Mar 27 Changed: Oct 23 Last Checked: Oct 23 at 2:34PM

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Investment Insights

Based on property information with market context.

This one-story manufacturing building contains 6,340 square feet and has three smokers in place. The facility was previously used as a USDA-approved smokehouse, with the smokers remaining as existing equipment.

The property is on Burdick Road in LaGrangeville, just off Route 82. Hamlet zoning applies, and the stated zoning allows a range of uses.

Key Highlights

• 6,340‑square‑foot, one‑story manufacturing building
• Three smokers remain in place
• Previously operated as a USDA‑approved smokehouse

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,211

Cap Rate

6.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$784,220 $784.2K

Cap Rate 7%

$560,157 $560.2K

Cap Rate 9%

$435,678 $435.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,340 SF

Gross rent

$60.1K $9.48/SF

− Vacancy

−$4.1K −$0.64/SF

EGI

$56.0K $8.84/SF

− OpEx

−$16.8K −$2.65/SF

NOI

$39.2K $6.18/SF

Area

Dutchess County, NY

Vacancy

6.80%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$784,220

Cap Rate 7%

$560,157

Cap Rate 9%

$435,678

Alternative Uses

Best Use

Industrial

$560.2K

$490.1K – $653.5K (±1% cap)

NOI $39,211 @ 7.0% cap · market cap 6.82%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.91M

$1.67M – $2.23M (±1% cap)

NOI $133,592 @ 7.0% cap · market cap 23.23%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Mountain Products Inc Food Processing Plant East Coast Mercedes ... Recycling Center Gray's Plumbing Plumbing Service

Suggested Use

Top Pick Big Box & Wholesale Store Electrical Service Storage Facility Garden Center (Bike/Boat/Book/etc) Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

80

Businesses Nearby

Explore this area Business Placement

Demographics for 12540, NY

7,666

Population

3,318

Households

2.3

Avg Household Size

44

Median Age

43%

College-Educated

96%

High-School Grad

35.3 sq mi

ZIP Area

217

Density / Sq Mi

$107,436

Median Household Income

$47,849

Median Earnings

$2,077

Median Rent

$443,800

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Frequently Asked Questions

What type of property is this?

Manufacturing property - A one-story property with three smokers offers existing food-processing equipment and Hamlet zoning.

Where is this manufacturing property located?

The property is located at 47 Burdick Road Lagrangeville, NY.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: 6,340‑square‑foot, one‑story manufacturing building; Three smokers remain in place; Previously operated as a USDA‑approved smokehouse