LaGrange One-Story Building For
For Sale
$659,000
47 Burdick Road, Lagrangeville, NY 12540
One-story building near Route 82 with multiple potential uses.
Property Size6,340 SF
Days on Market162
Property Features for 47 Burdick Road
General Information
Standard status
Active
Size
6,340 SF
Property subtype
Commercial
Zoning
H
Taxes and HOA fees
Annual Taxes
$12,439
Building Details
Building Size
6,340 SF
Listing Agency:
Keller Williams Realty
(845) 928-8000
Listed By:
Craig Pelsue
(845) 527-5572
Source:
Mahlerrealty
Added: Mar 27
Changed: Sep 4
Last Checked: Sep 2 at 7:28PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This one-story building is located just off Route 82 in LaGrange. Previously used as a USDA-approved smokehouse, the property includes three existing smokers. The property is zoned Town Hamlet, which allows for a variety of uses. Potential buyers should independently verify the square footage and permitted uses. The bike score is 11, indicating it is somewhat bikeable, and the walk score is 21, indicating car-dependent accessibility.
Key Highlights
- USDA approved smokehouse with 3 smokers in place.
- Located just off Route 82 in LaGrange.
- Town Hamlet zoning allows many uses.
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
$39,211
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
5.95%
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%
$784,220
$784.2K
Cap Rate 7%
$560,157
$560.2K
Cap Rate 9%
$435,678
$435.7K
Market Conditions
NOI Build-Up for 6,340 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
$60.1K $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 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%
$784,220
Cap Rate 7%
$560,157
Cap Rate 9%
$435,678
Alternative Uses
Best Use
Industrial
$560.2K
$490.1K – $653.5K
NOI $39,211 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,592 @ 7.0% cap · market cap 20.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - One-story building near Route 82 with multiple potential uses.
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 $659,000.
What are key features of this property?
This property features: USDA approved smokehouse with 3 smokers in place.; Located just off Route 82 in LaGrange.; Town Hamlet zoning allows many uses.
