Poughkeepsie Commercial Building For
For Sale
Contact for pricing
8 Ibm Rd, Poughkeepsie, NY 12601
Commercial building for sale with on-site parking.
Property Size1,700 SF
Price / SF$350
Days on Market1457
Property Features for 8 Ibm Rd
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Retail
Zoning
B-N
Lease Type
NNN
Listing Agency:
CR Properties Group LLC
Listed By:
Thomas Cervone · License #NY 49CE0922865
(845) 485-3100
Source:
Crexi
Added: Oct 25, 2022
Changed: Oct 18
Last Checked: Oct 19 at 3:32AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 1,700 square foot commercial building is available for sale or lease at the southwest corner of 8 IBM Road and Rosewood Road in Poughkeepsie, New York. The property is zoned B-N, Business District, and includes on-site parking. The location offers visibility from U.S. Route 9 and benefits from a high traffic count. It is situated 7 minutes from the Mid-Hudson Bridge and 18 minutes from Interstate 84.
Key Highlights
- High visibility from U.S. Route 9.
- Located on SW Corner of 8 IBM Road & Rosewood Road.
- Zoned B‑N, Business District.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,752
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,040
$435.0K
Cap Rate 7%
$310,743
$310.7K
Cap Rate 9%
$241,689
$241.7K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$32.4K $19.08/SF
− Vacancy
−$1.4K −$0.80/SF
EGI
$31.1K $18.28/SF
− OpEx
−$9.3K −$5.48/SF
NOI
$21.8K $12.80/SF
Area
Dutchess County, NY
Vacancy
4.20%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,040
Cap Rate 7%
$310,743
Cap Rate 9%
$241,689
Alternative Uses
Best Use
Retail
$310.7K
$271.9K – $362.5K
NOI $21,752 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$511.7K
$447.8K – $597.0K
NOI $35,821 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
42k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Shops & Services 20%
Hotels & Casinos 9%
Texas Roadhouse
Dining
25,309 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
6,957 visits/mo
0.4 miles
Giacomo's
Dining
4,345 visits/mo
0.5 miles
Hampton Inn & Suites Poughkeepsie
Hotels & Casinos
2,277 visits/mo
0.2 miles
Hertz
Shops & Services
1,442 visits/mo
0.1 miles
Demographics for 12601, NY
44,264
Population
17,972
Households
2.5
Avg Household Size
35
Median Age
30%
College-Educated
88%
High-School Grad
18.3 sq mi
ZIP Area
2,419
Density / Sq Mi
$64,769
Median Household Income
$37,259
Median Earnings
$1,376
Median Rent
$275,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial building for sale with on-site parking.
Where is this storefront property located?
The property is located at 8 Ibm Rd Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: High visibility from U.S. Route 9.; Located on SW Corner of 8 IBM Road & Rosewood Road.; Zoned B‑N, Business District.
