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    289 Main St Poughkeepsie, NY 12601

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    For Lease
    Contact for pricing

    15,000 SF Class A Office Building

    Lot size:
    15,000 SF

    Property Features for 289 Main St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,000 SF
    Class
    A
    Total Rate
    37500

    Building Details

    Year Built/Renovated
    2999/2020
    Stories
    3

    Spaces For Lease

    at 289 Main St, Poughkeepsie, NY 12601 Contact us
    Unit 205

    $30 /Mo

    Size
    400 SF
    Contact us

    We can help!

    Listing Contact
    Brian Mossey
    Brian Mossey

    Listing Agency: Berkshire Hathaway HomeServices Hudson Valley Properties Lagrangeville Listing Agent: Brian Mossey

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 15,000 square foot Class A creative office building, located at 289 Main Street in Poughkeepsie, NY, offers a unique opportunity for businesses seeking premium space in the heart of the city's commercial district. Built in 2999 and extensively renovated in 2020, this three-story building boasts modern amenities including a single elevator and a secure video intercom entry system. Currently configured for multiple tenants, one 400 square foot space is immediately available. The building's prime location on Main Street, with an additional entrance off Garden Street, ensures high visibility and significant foot traffic. The spacious units are adaptable to a variety of uses, making them ideal for offices, seminar spaces, studios (yoga, art, etc.), or production facilities. Situated in the Hudson Valley submarket of Dutchess County (zip code 12601), this property provides easy access to local amenities and transportation. The building's attractive design and modern features create a vibrant and productive work environment. This is an exceptional opportunity to secure high-quality office space in a thriving downtown location. The building's design and location make it an ideal choice for businesses seeking a blend of modern amenities and a dynamic urban setting. The available space is perfect for a variety of creative businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Laughing Gut Kombucha Industrial Manufacturer Vintage Fixie (Bike/Boat/Book/etc) Store Alex the Great Vivar Barber Shop Vidl - Barber Shop Barber Shop The Grow Room Reiki Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Poughkeepsie
    County
    Dutchess
    State
    New York
    Longitude
    -73.9272104
    Latitude
    41.7037766

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    FAQs

    What type of property is this?
    Office space - 15,000 SF Class A Office Building
    Where is this office space located?
    The property is located at 289 Main St Poughkeepsie, NY.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: 15,000 SF Class A creative office building in Poughkeepsie, NY's commercial district.; Built in 1999, extensively renovated in 2020, featuring a single elevator and secure video intercom.; 400 SF immediately available; adaptable space for various uses.
    (845) 473-1650 Call to check price and availability
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    289 Main St Poughkeepsie, NY 12601
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    289 Main St Poughkeepsie, NY 12601
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    Contact for Pricing
    Please call us for current price
    and status of this listing Brian Mossey
    Brian Mossey
    Real Estate License ID: 10401263453
    (845) 473-1650 (845) 288-4367
    Learn more
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