Route 9D Development
For Sale
Contact for pricing
1451 Route 9D, Fishkill, NY 12508
Development parcel suitable for office, retail, or service businesses.
Property Size1,264 SF
Lot Size1.24 Acres
Price / SF$312.50
Days on Market2304
Property Features for 1451 Route 9D
General Information
Standard status
Active
Size
1,264 SF
Lot size
1.24 Acres
Property subtype
Land
Zoning
GB, General Business
Listing Agency:
CR Properties Group LLC
Listed By:
Thomas Cervone · License #NY 49CE0922865
(845) 485-3100
Source:
Crexi
Added: Jun 30, 2020
Changed: Oct 7
Last Checked: Oct 19 at 6:44AM
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.
This property features a development parcel with potential uses including office, retail, service, banking, warehouse, storage, contractor's yard, or vehicle-related businesses. The property consists of 0.62 acres at 1451 Route 9D and 0.62 acres at 1455 Route 9D, totaling 1.24 acres. It has frontage on New York State Route 9D, with 100 feet at 1451 Route 9D and 100 feet at 1455 Route 9D, for a total of 200 feet. The existing building at 1455 Route 9D has approximately 1,264 square feet, subject to further confirmation. Demand generators include Metro North Beacon to Grand Central Station, I-84, the Newburgh-Beacon Bridge, and Dutchess Stadium, home of the Hudson Valley Renegades.
Key Highlights
- Prime development parcel ideal for office, retail, service, or banking.
- Total of 1.24 ± acres across two parcels.
- Significant frontage on NYS Route 9D: 200’ total.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,231
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,620
$404.6K
Cap Rate 7%
$289,014
$289.0K
Cap Rate 9%
$224,789
$224.8K
Market Conditions
NOI Build-Up for 1,264 SF
Gross rent
$34.6K $27.36/SF
− Vacancy
−$7.6K −$6.02/SF
EGI
$27.0K $21.34/SF
− OpEx
−$6.7K −$5.34/SF
NOI
$20.2K $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 Rate 5%
$404,620
Cap Rate 7%
$289,014
Cap Rate 9%
$224,789
Alternative Uses
Best Use
Office B
$289.0K
$252.9K – $337.2K
NOI $20,231 @ 7.0% cap · market cap 5.12%
Second Best
Retail
$231.0K
$202.2K – $269.6K
NOI $16,173 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$380.5K
$332.9K – $443.9K
NOI $26,634 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Explore this area
Business Placement
Demographics for 12508, NY
19,537
Population
8,798
Households
2.2
Avg Household Size
43
Median Age
41%
College-Educated
86%
High-School Grad
14.4 sq mi
ZIP Area
1,357
Density / Sq Mi
$88,510
Median Household Income
$59,498
Median Earnings
$1,700
Median Rent
$401,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Commercial land - Development parcel suitable for office, retail, or service businesses.
Where is this commercial land located?
The property is located at 1451 Route 9D Fishkill, NY.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Prime development parcel ideal for office, retail, service, or banking.; Total of 1.24 ± acres across two parcels.; Significant frontage on NYS Route 9D: 200’ total.**
