Renovated Flex/Industrial
New
For Sale
$3,500,000
90 Brentwood Drive, Wappingers Falls, NY 12590
The property combines a renovated flex/industrial facility with substantial land area and municipal services in the right-of-way.
Property Size20,160 SF
Lot Size23.00 Acres
Price / SF$173.61
Days on Market1
Property Features for 90 Brentwood Drive
General Information
Standard status
Active
Size
20,160 SF
Lot size
23.00 Acres
Zoning
COP
Site & Location
Road Access
Yes
Utilities to Site
Yes
Land
Land Use
industrial, residential
Subdividable
Yes
Entitled
No
Additional Details
Property Use
Flex/Industrial
Taxes and HOA fees
Annual Taxes
$53,779
Amenities
No
Public
20160
Building Details
Building Size
20,160 SF
Buildings
1
Listing Agency:
McGrath Realty Inc
(631) 613-8782
Listed By:
Geralda Desir
Source:
Goldcrestrealtygrp
Added: Oct 30
Last Checked: Oct 30 at 1:45AM
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
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Investment Insights
Based on property information with market context.
The property includes a newly renovated 20,160-square-foot flex/industrial building on approximately 23 acres. COP zoning applies to the site. Sewer, gas, and water are located in the right-of-way. Potential redevelopment concepts identified for the property include housing and assisted living, subject to Town of Wappinger planning, zoning, and site plan approvals.
Key Highlights
- ±23‑acre parcel with a newly renovated 20,160 SF flex/industrial building
- COP zoning
- Sewer, gas, and water in the right‑of‑way
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$151,403
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,028,060
$3.0M
Cap Rate 7%
$2,162,900
$2.2M
Cap Rate 9%
$1,682,256
$1.7M
Market Conditions
NOI Build-Up for 20,160 SF
Gross rent
$191.1K $9.48/SF
− Vacancy
−$13.0K −$0.64/SF
EGI
$178.1K $8.84/SF
− OpEx
−$26.7K −$1.33/SF
NOI
$151.4K $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 Rate 5%
$3,028,060
Cap Rate 7%
$2,162,900
Cap Rate 9%
$1,682,256
Alternative Uses
Best Use
Flex RnD
$4.73M
$4.14M – $5.52M
NOI $330,928 @ 7.0% cap · market cap 9.46%
Second Best
Warehouse
$2.16M
$1.89M – $2.52M
NOI $151,403 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$6.07M
$5.31M – $7.08M
NOI $424,796 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - The property combines a renovated flex/industrial facility with substantial land area and municipal services in the right-of-way.
Where is this flex space located?
The property is located at 90 Brentwood Drive Wappingers Falls, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: ±23‑acre parcel with a newly renovated 20,160 SF flex/industrial building; COP zoning; Sewer, gas, and water in the right‑of‑way
