Versatile Industrial Building with
For Sale
$2,499,000
49 Oakley St, Poughkeepsie, NY 12601
13,645 SF industrial space with expansion potential on 1.5 acres.
Property Size13,645 SF
Lot Size1.50 Acres
Price / SF$183.14
Days on Market174
Property Features for 49 Oakley St
General Information
Standard status
Active
Size
13,645 SF
Lot size
1.50 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$27,782
Building Details
Building Size
13,645 SF
Listing Agency:
McGrath Realty Inc Hopewell Junction
(845) 251-0300
Listed By:
Ryan LaLuna · License #10401292589
(845) 251-0300
Source:
Elliman
Added: Mar 11
Changed: Aug 31
Last Checked: Aug 30 at 11:05PM
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 McGrath Realty Inc Hopewell Junction
Investment Insights
Based on property information with market context.
This 13,645 sq.ft. steel building, constructed in 1970, is situated on 1.5 acres and offers versatile industrial space. The property includes approximately 2,000 sq.ft. of office area and column-free warehousing. A loading dock and overhead door provide access to the warehouse space. The building is fully climate-controlled and sprinklered, with municipal utilities including sewer, water, and gas. There are over 25 parking spaces available. The property has previously approved plans for an approximately 15,000 SF expansion, with some site work already completed. Located in the IM zone, the property permits a wide array of uses, including retail, manufacturing, cannabis operations, and distribution. The site also allows for a trucking terminal and self-storage facility.
Key Highlights
- Approved plans for ~15,000 SF expansion with some site work completed.
- 13,645 sq.ft. steel building on 1.5 acres with column‑free warehousing.**
- Versatile IM zoning permits retail, manufacturing, cannabis, distribution, trucking terminal, and self‑storage.
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
$223,984
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
8.96%
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%
$4,479,680
$4.5M
Cap Rate 7%
$3,199,771
$3.2M
Cap Rate 9%
$2,488,711
$2.5M
Market Conditions
NOI Build-Up for 13,645 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
$376.6K $27.60/SF
− Vacancy
−$32.0K −$2.35/SF
EGI
$344.6K $25.25/SF
− OpEx
−$120.6K −$8.84/SF
NOI
$224.0K $16.42/SF
Area
Dutchess County, NY
Vacancy
8.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
35.00%
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%
$4,479,680
Cap Rate 7%
$3,199,771
Cap Rate 9%
$2,488,711
Alternative Uses
Best Use
Flex RnD
$3.20M
$2.80M – $3.73M
NOI $223,984 @ 7.0% cap · market cap 8.96%
Second Best
Office B
$3.12M
$2.73M – $3.64M
NOI $218,396 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$4.11M
$3.59M – $4.79M
NOI $287,517 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,882
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - 13,645 SF industrial space with expansion potential on 1.5 acres.
Where is this flex space located?
The property is located at 49 Oakley St Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Approved plans for ~15,000 SF expansion with some site work completed.; 13,645 sq.ft. steel building on 1.5 acres with column‑free warehousing.**; Versatile IM zoning permits retail, manufacturing, cannabis, distribution, trucking terminal, and self‑storage.
