Two Industrial Suites by
For Sale
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72 Airport Dr, Wappingers Falls, NY 12590
The available spaces face Dutchess County Airport and have stated drive times to I-84 and the Taconic State Parkway.
Property Size2,779 SF
Price / SF$134.94
Days on Market37
Property Features for 72 Airport Dr
General Information
Standard status
Active
Size
2,779 SF
Property subtype
INDUSTRIAL
Listing Agency:
CR Properties Group, LLC
(845) 485-3100
Listed By:
Tom Cervone
Source:
Moodyscre
Added: Oct 1
Changed: Oct 26
Last Checked: Nov 4 at 3:45PM
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 CR Properties Group, LLC
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Investment Insights
Based on property information with market context.
Two industrial spaces are offered at 72 Airport Drive: Unit 1-3 contains 1,964 square feet, and Unit 1-4 contains 2,779 square feet.
Dutchess County Airport is across NYS Route 376 from the property. Stated drive times are 14 minutes to I-84, Exit 46; 12 minutes to the Taconic State Parkway; 18 minutes to the Mid-Hudson Bridge; and 20 minutes to the Newburgh Beacon Bridge.
Dutchess County Airport is across NYS Route 376 from the property. Stated drive times are 14 minutes to I-84, Exit 46; 12 minutes to the Taconic State Parkway; 18 minutes to the Mid-Hudson Bridge; and 20 minutes to the Newburgh Beacon Bridge.
Key Highlights
- Unit 1‑4 contains 2,779 SF
- Unit 1‑3 contains 1,964 SF
- Across NYS Route 376 from Dutchess County Airport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,187
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,740
$343.7K
Cap Rate 7%
$245,529
$245.5K
Cap Rate 9%
$190,967
$191.0K
Market Conditions
NOI Build-Up for 2,779 SF
Gross rent
$26.3K $9.48/SF
− Vacancy
−$1.8K −$0.64/SF
EGI
$24.6K $8.84/SF
− OpEx
−$7.4K −$2.65/SF
NOI
$17.2K $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%
$343,740
Cap Rate 7%
$245,529
Cap Rate 9%
$190,967
Alternative Uses
Best Use
Industrial
$245.5K
$214.8K – $286.5K
NOI $17,187 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$836.5K
$732.0K – $976.0K
NOI $58,557 @ 7.0% cap · market cap 15.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
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Business Placement
Demographics for 12590, NY
37,051
Population
14,563
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
34.8 sq mi
ZIP Area
1,065
Density / Sq Mi
$98,252
Median Household Income
$52,861
Median Earnings
$1,674
Median Rent
$365,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Industrial properties in Dutchess County, NY
Properties on Market for Industrial properties in Dutchess County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Industrial property - The available spaces face Dutchess County Airport and have stated drive times to I-84 and the Taconic State Parkway.
Where is this industrial property located?
The property is located at 72 Airport Dr Wappingers Falls, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Unit 1‑4 contains 2,779 SF; Unit 1‑3 contains 1,964 SF; Across NYS Route 376 from Dutchess County Airport
