Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1136 Us-9 Wappingers Falls, NY 12590

    For Sale
    $2,950,000

    Prime Route 9 location, high ROI potential.

    Property size:
    20,035 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional two-story, 20,000 square foot executive office building is strategically located on Route 9 in Wappingers Falls, New York. Boasting 95% occupancy with ten tenants, this Class B property offers significant upside potential. The building, renovated in 2024, features 20,035 total square feet on a 2.05-acre lot, providing ample parking. Currently generating a NOI of $162,646, with a pro-forma NOI of $319,310, this presents a compelling 5.51% cap rate and a pro-forma cap rate of 10.82%. The asking price is $2,950,000, or $295,000 per unit, and $147.24 per square foot. The property is zoned HB and enjoys high visibility and easy access to Route 9, placing it within minutes of Interstate 84, hospitals, colleges, the iPark Industrial Center, IBM, Amazon, and numerous residential areas, shopping centers, and restaurants. Its prime location near popular tourist destinations like the Roosevelt and Vanderbilt Mansions further enhances its appeal. This is a rare opportunity to acquire a substantial, well-established office building in a thriving market with a strong tenant base and significant potential for increased profitability. The property's current occupancy is 95%, with a projected full occupancy date of November 12, 2024.

    Property Features for 1136 Us-9

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    20,035 SF
    Class
    B
    Lot Size
    89,298 SF

    Building Details

    Year Renovated
    2024
    Buildings
    1
    Stories
    2
    Units
    10

    HighLights

    • $2,950,000 asking price for this 20,000 square foot office building.
    • Located at 1136 US‑9, Wappingers Falls, NY 12590, offering high visibility on Route 9.
    • Class B, multi‑tenant building (10 units) with 95% occupancy, renovated in 2024.
    • Features a 5.51% current cap rate and a pro‑forma cap rate of 10.82%, with a strong NOI of $162,646 and a pro‑forma NOI of $319,310.
    • Situated on a 2.05‑acre lot, offering ample parking.
    • Ideal for owner‑users or investors seeking a strong cash flow and significant upside potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wappingers Falls
    County
    Dutchess
    State
    New York
    Longitude
    -73.9055089
    Latitude
    41.565666

    Nearby Similar for Sale

    • $699,000
      Pending

      Wappingers Falls Commercial Building

      Commercial building with restaurant/bar and apartments in Wappingers Falls.
      2557 South Ave, Wappingers Falls, NY 12590
      View Details
    • New
      $560,000
      Pending

      Two-Family Investment Property with Garage

      Two-family property in Wappingers Falls with a detached three-car garage.
      2574-2576 South Ave, Wappingers Falls, NY 12590
      View Details
    • $799,900
      9.00 Acres

      Versatile Estate in Wappingers Falls

      9-acre property with multi-family home near Metro-North.
      5 Douglas Dr, Wappingers Falls, NY 12590
      View Details
    • $635,000
      Pending

      Wappingers Falls Triplex Investment Opportunity

      Well-maintained three-unit property in the heart of Wappingers Falls.
      27 Mill St, Wappingers Falls, NY 12590
      View Details
    • New
      $540,000
      Pending

      Wappingers Falls Two-Unit Investment Property

      Two-unit property in the heart of Wappingers Falls, NY.
      2578 South Ave, Wappingers Falls, NY 12590
      View Details
    • $514,900

      Mixed-Use Property with Commercial Zoning

      Live and work opportunity on 1.2 acres with commercial zoning.
      222-224 Myers Corners Rd, Wappingers Falls, NY 12590
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime Route 9 location, high ROI potential.
    Where is this office property / space located?
    The property is located at 1136 Us-9 Wappingers Falls, NY.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: $2,950,000 asking price for this 20,000 square foot office building.; Located at 1136 US-9, Wappingers Falls, NY 12590, offering high visibility on Route 9.; Class B, multi-tenant building (10 units) with 95% occupancy, renovated in 2024.
    (845) 297-4700
    Request Owner's contact information
    1136 Us-9 Wappingers Falls, NY 12590
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1136 Us-9
    Wappingers Falls, NY 12590
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1136 Us-9 Wappingers Falls, NY 12590
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.