Iconic Office Building on
For Sale
Contact for pricing
1311 Rte 9W, Marlboro, NY 12542
Renovated office building with high visibility and modern amenities.
Property Size774 SF
Price / SF$594.19
Days on Market754
Property Features for 1311 Rte 9W
General Information
Standard status
Active
Size
774 SF
Class
A
Property subtype
Office
Zoning
C
Occupancy
100%
Lease Type
Modified Gross
Building Details
Year Built
1965
Year Renovated
2017
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Century 21 Alliance Realty Group Wappingers Falls
Listed By:
John DeMarco · License #NY. 10301216451
(845) 297-4700
Source:
Crexi
Added: Sep 24, 2024
Changed: Oct 11
Last Checked: Oct 16 at 8:56AM
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 Century 21 Alliance Realty Group Wappingers Falls
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Investment Insights
Based on property information with market context.
This iconic building, situated on busy Route 9W in Marlboro, New York, offers superb visibility and access. The property, totaling 774 square feet, was fully renovated in 2017. The interior features a conference room equipped with a 65-inch flatscreen and video conferencing capability, abundant natural light, and modern farm-style finishes that complement the area's agricultural character. The building includes two bathrooms, allowing for potential division into two separate office spaces. A full basement is also present. The property is connected to municipal water, sewer, and natural gas services. It has previously housed real estate offices and served as the town's local library. The current occupant is prepared to vacate the premises upon sale.
Key Highlights
- Superb visibility and access from busy Route 9W.
- Totally renovated in 2017.
- Municipal water, sewer, and natural gas.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,203
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,060
$304.1K
Cap Rate 7%
$217,186
$217.2K
Cap Rate 9%
$168,922
$168.9K
Market Conditions
NOI Build-Up for 774 SF
Gross rent
$23.2K $30.00/SF
− Vacancy
−$2.9K −$3.81/SF
EGI
$20.3K $26.19/SF
− OpEx
−$5.1K −$6.55/SF
NOI
$15.2K $19.64/SF
Area
Ulster County, NY
Vacancy
12.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,060
Cap Rate 7%
$217,186
Cap Rate 9%
$168,922
Alternative Uses
Best Use
Office B
$217.2K
$190.0K – $253.4K
NOI $15,203 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$7.24M
$6.33M – $8.44M
NOI $506,679 @ 7.0% cap · market cap 110.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
Explore this area
Business Placement
Demographics for 12542, NY
5,726
Population
2,459
Households
2.3
Avg Household Size
43
Median Age
42%
College-Educated
95%
High-School Grad
14.4 sq mi
ZIP Area
398
Density / Sq Mi
$123,517
Median Household Income
$62,375
Median Earnings
$1,833
Median Rent
$356,300
Median Home Value
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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?
Office building - Renovated office building with high visibility and modern amenities.
Where is this office building located?
The property is located at 1311 Rte 9W Marlboro, NY.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Superb visibility and access from busy Route 9W.; Totally renovated in 2017.; Municipal water, sewer, and natural gas.
