Building Details

Building Size 7,596 SF

Year Built 1949

Stories 2

Units 3

Listing Agency: Keller Williams Realty Partners

Listed By: Don Minichino · License #10401333542 Show Phone

Source: Elliman

Added: Sep 30 Changed: Oct 1 Last Checked: Oct 4 at 11:53AM

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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 Partners

Investment Insights

Based on property information with market context.

The two-story commercial building includes 2,000 square feet of updated upper-level office space above five garage and storage bays. Three bays have oversized drive-in doors. The office layout includes a reception area, five private offices, a boardroom, a print and copy room, a kitchen breakroom, secure storage, and two restrooms. Central heating and air conditioning serve the office space. The property was built in 1949.

Residential improvements comprise a standalone two-bedroom single-family home and a one-bedroom apartment adjacent to the office building. Both units are occupied by tenants. A secure rear lot provides additional parking and storage area.

Key Highlights

• 2,000 square feet of upper‑level office space
• Five garage and storage bays, including three with oversized drive‑in doors
• Office features five private offices, a boardroom, reception area, and print and copy room

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

$57,046

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

6.52%

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%

$1,140,920 $1.1M

Cap Rate 7%

$814,943 $814.9K

Cap Rate 9%

$633,844 $633.8K

Market Conditions

NOI Build-Up for 7,596 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

$72.0K $9.48/SF

− Vacancy

−$4.9K −$0.64/SF

EGI

$67.1K $8.84/SF

− OpEx

−$10.1K −$1.33/SF

NOI

$57.0K $7.51/SF

Area

Dutchess County, NY

Vacancy

6.80%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

15.00%

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%

$1,140,920

Cap Rate 7%

$814,943

Cap Rate 9%

$633,844

Alternative Uses

Best Use

Flex RnD

$1.78M

$1.56M – $2.08M (±1% cap)

NOI $124,689 @ 7.0% cap · market cap 14.25%

Second Best

Mixed Use

$1.32M

$1.15M – $1.54M (±1% cap)

NOI $92,291 @ 7.0% cap · market cap 10.55%

Theoretical Best

Office A

$2.29M

$2.00M – $2.67M (±1% cap)

NOI $160,057 @ 7.0% cap · market cap 18.29%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Big Box & Wholesale Store Electrical Service Plumbing Service Restaurant Kitchen & Bath Showroom Food Market

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

3

Drive-in doors

Location Intelligence

Trade Area within ½ mile

9

Businesses Nearby

Explore this area Business Placement

Demographics for 12582, NY

6,148

Population

1,735

Households

3.5

Avg Household Size

44

Median Age

28%

College-Educated

75%

High-School Grad

14.2 sq mi

ZIP Area

433

Density / Sq Mi

$131,867

Median Household Income

$61,018

Median Earnings

$1,849

Median Rent

$444,600

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Office space, vehicle storage, and two occupied residential units combine in one property.

Where is this mixed-use property located?

The property is located at 553 Hosner Mountain Rd Stormville, NY.

What is the asking price?

The asking price for this property is $875,000.

What are key features of this property?

This property features: 2,000 square feet of upper‑level office space; Five garage and storage bays, including three with oversized drive‑in doors; Office features five private offices, a boardroom, reception area, and print and copy room