Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Former Pharmacy on U.S. Route 9 Title is generated by Realmo AI

    4170 Albany Post Rd, Hyde Park, NY 12538

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    7,011 SF commercial building on Albany Post Road.

    Type:Retail
    Property size:
    7,011 SF
    Added:
    Jun 27, 2022
    Days on Market:
    1443
    Last Refresh:
    May 12 at 9:02 pm

    Property Features for 4170 Albany Post Rd

    General Information

    Standard status
    Active
    Size
    7,011 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Thomas Cervone

    Listing agent Thomas Cervone License #NY 49CE0922865

    Listing office CR Properties Group LLC

    Listing date Jun 27, 2022

    Source Crexi

    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

    HighLights

    • Freestanding commercial building offering autonomy and flexibility.
    • High traffic count with 19,186 AADT on U.S. Route 9 ensures high visibility.
    • Sizeable 7,011 SF building provides ample space.
    • Prime corner location at the NEC of a major intersection.
    • 113' of frontage on Albany Post Road / U.S. Route 9.
    • Adaptable space, formerly a CVS Pharmacy.

    Overview

    The property is a 7,011 square foot commercial building, formerly a CVS Pharmacy. It is located at the northeast corner of U.S. Route 9 (Albany Post Road) and Water Town Road in Hyde Park, NY. The property has 113 feet of frontage on Albany Post Road/U.S. Route 9, which experiences a traffic count of 19,186 AADT.
    Property Profile Location Intelligence

    Current Use by Public Records

    Katie Boyd Pharmacy Joseph Abate Pharmacy William Irwin Pharmacy Christian Harmuth Pharmacy Eric Miscedra Pharmacy

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Katie Boyd — 4170 Albany Post Rd, Hyde Park, NY 125381762
    • Joseph Abate — 4170 Albany Post Rd, Hyde Park, NY 125381762
    • Christian Harmuth — 4170 Albany Post Rd, Hyde Park, NY 125381762
    • Eric Miscedra — 4170 Albany Post Rd, Hyde Park, NY 125381762
    • Rose Ann Manning — 4170 Albany Post Rd, Hyde Park, NY 125381762

    Location Insight

    • Map
    • Local Demand
    City
    Hyde Park
    County
    Dutchess
    State
    New York
    Longitude
    -73.9304536
    Latitude
    41.775919

    Nearby Similar for Sale

    • $1,250,000

      Retail/Office Plaza with Warehouse Unit

      Well-maintained retail and office plaza with parking and a warehouse unit for flexible tenant use.
      600 Violet Avenue, Hyde Park, NY 12538
      View Details
    • $1,250,000

      Retail/Office Plaza with Warehouse Unit

      Multi-tenant plaza on State Route 9G with parking and an attached warehouse unit with an overhead door.
      600 Violet Ave, Hyde Park, NY 12538
      View Details
    • $375,000
      1,700 SF

      Spacious Two-Family Home in Hyde Park

      Two-family home with two kitchens, large backyard, and two-car garage.
      18 W Market Street, Hyde Park, NY 12538
      View Details
    • $699,000

      Auto Repair Facility For Sale

      Turnkey auto repair shop with strong income potential.
      811 Violet Avenue, Hyde Park, NY 12538
      View Details
    • $1,950,000

      Mixed-Use Plaza with Apartments

      Mixed-use plaza with apartments and farmhouse in Hyde Park.
      1229 Route 9G, Hyde Park, NY 12538
      View Details
    • $2,650,000
      7,560 SF

      Versatile Building in Hyde Park

      7,560 SF building suitable for various commercial uses.
      10 Boice, Hyde Park, NY 12538
      View Details
    • $850,000

      Full-Service Auto Repair Facility

      Established auto repair shop with strong income potential and equipment.
      811 Violet Avenue, Hyde Park, NY 12538
      View Details
    • $2,650,000
      7,560 SF

      Versatile Building in Hyde Park

      7,560 SF building suitable for various commercial uses.
      10 Boice, Hyde Park, NY 12538
      View Details
    • $750,000
      2,376 SF

      Historic Religious Facility with Retail

      200-year-old religious facility with retail/office building for sale.
      4408 Albany Post Road, Hyde Park, NY 12538
      View Details
    • $569,900

      Hyde Park Multifamily Home

      Well-maintained, fully occupied triplex on over an acre.
      1221 RT 9G, Hyde Park, NY 12538
      View Details
    • $625,000

      Hyde Park Multifamily Home

      Multifamily home with three units, seven bedrooms, three bathrooms.
      1224 RT 9G, Hyde Park, NY 12538
      View Details
    • $5,900,000
      88,876 SF

      Hudson Valley Retreat and Conference Center

      75-acre campus with 23 buildings in Hyde Park, NY.
      200 Cardinal Road, Hyde Park, NY 12538
      View Details

    FAQs

    What type of property is this?
    Drug store - 7,011 SF commercial building on Albany Post Road.
    Where is this drug store located?
    The property is located at 4170 Albany Post Rd Hyde Park, NY.
    What are key features of this property?
    This property features: Freestanding commercial building offering autonomy and flexibility.; High traffic count with 19,186 AADT on U.S. Route 9 ensures high visibility.; Sizeable 7,011 SF building provides ample space.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Thomas Cervone
    Real Estate License ID: NY 49CE0922865
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4170 Albany Post Rd, Hyde Park, NY 12538
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!