Versatile Office and Retail
For Sale
$1,175,000
876 Dutchess Tpke, Poughkeepsie, NY 12603
Office building offered for sale, suitable for office, retail, or service use near Eastdale Village.
Property Size3,708 SF
Days on Market91
Property Features for 876 Dutchess Tpke
General Information
Standard status
Active
Size
3,708 SF
Class
C
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Building Size
3,708 SF
Year Built
1980
Listing Agency:
CR Properties Group LLC
Listed By:
Thomas M. Cervone · License #49CE0922865
(845) 485-3100
Source:
Crproperties
Added: Jun 16
Changed: Sep 3
Last Checked: Sep 14 at 6:58AM
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
Investment Insights
Based on property information with market context.
CR Properties Group is pleased to offer an office building for sale at 876 Dutchess Turnpike. The property is suitable for office, retail, or service uses, providing flexibility for an owner-occupant or investor.
The building is positioned about 12 minutes from the Mid-Hudson Bridge and approximately 13 minutes from the Taconic State Parkway. Eastdale Village, with multiple shops and restaurants, is located nearby.
The offering presents a straightforward opportunity to acquire a small commercial building that can support multiple operational formats within the office and retail/service categories.
The building is positioned about 12 minutes from the Mid-Hudson Bridge and approximately 13 minutes from the Taconic State Parkway. Eastdale Village, with multiple shops and restaurants, is located nearby.
The offering presents a straightforward opportunity to acquire a small commercial building that can support multiple operational formats within the office and retail/service categories.
Key Highlights
- Office building for sale at 876 Dutchess Turnpike, Poughkeepsie, NY 12603
- Suitable for office, retail, or service use
- About 12 minutes from the Mid‑Hudson Bridge
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
$59,349
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
5.05%
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%
$1,186,980
$1.2M
Cap Rate 7%
$847,843
$847.8K
Cap Rate 9%
$659,433
$659.4K
Market Conditions
NOI Build-Up for 3,708 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
$101.5K $27.36/SF
− Vacancy
−$22.3K −$6.02/SF
EGI
$79.1K $21.34/SF
− OpEx
−$19.8K −$5.34/SF
NOI
$59.3K $16.01/SF
Area
Dutchess County, NY
Vacancy
22.00%
Lease Rate
$27.36 /SF/Yr
Expense Ratio
25.00%
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%
$1,186,980
Cap Rate 7%
$847,843
Cap Rate 9%
$659,433
Alternative Uses
Best Use
Office B
$847.8K
$741.9K – $989.2K
NOI $59,349 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$976.7K – $1.30M
NOI $78,132 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Explore this area
Business Placement
Demographics for 12603, NY
41,470
Population
17,468
Households
2.4
Avg Household Size
43
Median Age
47%
College-Educated
94%
High-School Grad
31.9 sq mi
ZIP Area
1,300
Density / Sq Mi
$104,185
Median Household Income
$54,254
Median Earnings
$1,626
Median Rent
$342,000
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Office building offered for sale, suitable for office, retail, or service use near Eastdale Village.
Where is this office building located?
The property is located at 876 Dutchess Tpke Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Office building for sale at 876 Dutchess Turnpike, Poughkeepsie, NY 12603; Suitable for office, retail, or service use; About 12 minutes from the Mid‑Hudson Bridge
