Retail Shopping Center with
For Sale
$970,000
600 Violet Ave, Hyde Park, NY 12538
Commercial Sale, Hyde Park, NY
Property Size11,255 SF
Lot Size1.40 Acres
Price / SF$86.18
Days on Market95
Property Features for 600 Violet Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Subdivision
NC
High school district
HYDE PARK CENTRAL SCHOOL DISTRICT
Directions
Route 9G south becomes Violet Ave in Hyde Park. On the left, a short distance after St Andrews Rd
Standard status
Active
APN
000000-006.000-0002-599.000
Lot size
1.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
30736
Utilities
Heating system
Oil, Electric (Heating), Heat Pump (Heating), Baseboard
Building Details
Year built
1969
Building materials
Wood Siding, Vinyl Siding, Brick
Roof type
Asphalt
Listing Agency:
JFIVE HOMES REALTY LLC
(845) 758-6842
Listed By:
Jennifer Fivelsdal
(845) 876-8600
Added: Jun 5
Changed: Sep 4
Last Checked: Sep 7 at 4:06AM
MLS# 11802154
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail shopping center occupies 1.4 acres and includes 11,255 square feet of commercial improvements, with 95 feet of frontage on State Route 9G. The six-unit configuration includes a 1,250-square-foot warehouse with an overhead door; that unit is currently owner-occupied. The property was built in 1969 and provides parking for 36 vehicles.
The center is situated in Hyde Park near Marist University, Dutchess Community College, The Culinary Institute of America, the Franklin D. Roosevelt Presidential Library, and the Inn at Bellefield. Five units are actively leased, and overall occupancy is reported at 95%. Construction materials include wood siding, vinyl siding, and brick, with asphalt roofing and oil, electric, heat pump, and baseboard heating systems.
The center is situated in Hyde Park near Marist University, Dutchess Community College, The Culinary Institute of America, the Franklin D. Roosevelt Presidential Library, and the Inn at Bellefield. Five units are actively leased, and overall occupancy is reported at 95%. Construction materials include wood siding, vinyl siding, and brick, with asphalt roofing and oil, electric, heat pump, and baseboard heating systems.
Key Highlights
- 1.4‑acre retail shopping center with 11,255 square feet of improvements
- 95 feet of primary frontage on State Route 9G
- 95% occupied with five of six units actively leased
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
$84,526
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
8.71%
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%
$1,690,520
$1.7M
Cap Rate 7%
$1,207,514
$1.2M
Cap Rate 9%
$939,178
$939.2K
Market Conditions
NOI Build-Up for 11,255 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
$106.7K $9.48/SF
− Vacancy
−$7.3K −$0.64/SF
EGI
$99.4K $8.84/SF
− OpEx
−$14.9K −$1.33/SF
NOI
$84.5K $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%
$1,690,520
Cap Rate 7%
$1,207,514
Cap Rate 9%
$939,178
Alternative Uses
Best Use
Office B
$2.57M
$2.25M – $3.00M
NOI $180,143 @ 7.0% cap · market cap 18.57%
Second Best
Retail
$2.06M
$1.80M – $2.40M
NOI $144,008 @ 7.0% cap · market cap 14.85%
Theoretical Best
Office A
$3.39M
$2.96M – $3.95M
NOI $237,157 @ 7.0% cap · market cap 24.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
95%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 12538, NY
14,181
Population
5,609
Households
2.5
Avg Household Size
41
Median Age
30%
College-Educated
93%
High-School Grad
25.5 sq mi
ZIP Area
556
Density / Sq Mi
$86,641
Median Household Income
$44,926
Median Earnings
$1,190
Median Rent
$287,900
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.
Frequently Asked Questions
What type of property is this?
Shopping center - Multi-suite commercial property with an overhead-door warehouse, established tenants, and parking along State Route 9G.
Where is this shopping center located?
The property is located at 600 Violet Ave Hyde Park, NY.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: 1.4‑acre retail shopping center with 11,255 square feet of improvements; 95 feet of primary frontage on State Route 9G; 95% occupied with five of six units actively leased
