Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    303 Mill St Poughkeepsie, NY 12601

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Vacant, 4,556 sq ft, $595,000

    Property size:
    4,556 SF

    Property Features for 303 Mill St

    General Information

    Property type
    Office space
    Square Feet
    4,556 SF
    Class
    B

    We can help!

    Listing Contact
    Thomas Cervone
    Thomas Cervone

    Listing Agency: CR Properties Group LLC Listing Agent: Thomas Cervone

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

    Learn more

    Property Insight Report

    Overview

    This exceptional Class B office building, located in Poughkeepsie's central business district at 303 Mill St, 12601, presents a unique investment opportunity. Boasting 4,556 square feet of vacant space, this property is ideally suited for a variety of uses, including traditional, executive, or creative office setups. The asking price is $595,000, translating to $130.60 per square foot. The building benefits from a highly desirable location with direct frontage on US Route 44/NYS Route 55, ensuring excellent visibility and accessibility. On-site parking is supplemented by convenient municipal parking options. Its central location offers easy access to key amenities, including the Dutchess County Courthouse, municipal offices, and the Poughkeepsie Train Station (serving Metro-North Hudson Line and Amtrak). The property enjoys proximity to MidHudson Regional Hospital, Vassar Brothers Medical Center, Marist College, Vassar College, Dutchess Community College, and the Culinary Institute of America. A vibrant atmosphere is ensured by nearby local shopping, dining, events, and community activities. The high traffic count of 5,593 AADT on Mill Street further enhances the property's appeal. A Matterport 3D virtual tour is available for a comprehensive view of the space. The lease type is NNN, and the property is currently vacant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Law Office of Jerold ... Law Firm Bopp Bryan Law Firm Firas Neshwiwat Law ... Law Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Poughkeepsie
    County
    Dutchess
    State
    New York
    Longitude
    -73.92571761
    Latitude
    41.70473995

    Nearby Similar for Sale

    • $445,000
      7,280 SF

      Two-Story Commercial Building in Poughkeepsie

      Two-story, 7,280 SF commercial building in Poughkeepsie, NY.
      383 Main St, Poughkeepsie, NY 12601
      View Details
    • $800,000
      0.53 Acres

      Poughkeepsie Commercial Property For Sale

      Commercial property with warehouse and office space in Poughkeepsie.
      97 N Clinton St, Poughkeepsie, NY 12601
      View Details
    • $875,000
      1,900 SF

      Restored Mixed-Use Poughkeepsie Rowhouse

      Restored mixed-use building with commercial space and apartments in Poughkeepsie.
      328 Main St, Poughkeepsie, NY 12601
      View Details
    • $750,000
      0.47 Acres

      Poughkeepsie Retail Investment Opportunity

      Single-story brick building with high traffic and investment potential.
      794 Dutchess Tpke, Poughkeepsie, NY 12603
      View Details
    • $250,000
      0.08 Acres

      Poughkeepsie Retail/Restaurant Opportunity

      Retail storefront/restaurant near Vassar College. Seller financing available.
      300 Hooker Ave, Poughkeepsie, NY 12603
      View Details
    • $1,900,000
      0.34 Acres

      Class A Office/Industrial Building

      Updated commercial building with office and warehouse functionality.
      36 Cottage St, Poughkeepsie, NY 12601
      View Details
    • $1,290,000
      0.08 Acres

      Mixed-Use Building in Downtown Poughkeepsie

      Mixed-use building with commercial and residential units in prime location.
      302-304 Main St, Poughkeepsie, NY 12601
      View Details
    • New
      $385,000
      Pending

      Poughkeepsie Two-Family Home For Sale

      Well-maintained two-family home in Poughkeepsie, Arlington School District.
      115 Innis Ave, Poughkeepsie, NY 12601
      View Details
    • New
      $499,000
      0.10 Acres

      Poughkeepsie Multifamily Investment Opportunity

      Three-unit property near city amenities, colleges, and hospitals.
      24 Jewett Ave, Poughkeepsie, NY 12601
      View Details
    • $875,000
      1,900 SF

      Restored Mixed-Use Poughkeepsie Rowhouse

      Restored mixed-use building with storefront and apartments in downtown Poughkeepsie.
      330 Main St, Poughkeepsie, NY 12601
      View Details
    • $620,000
      0.48 Acres

      Poughkeepsie Multifamily Investment Opportunity

      Well-maintained multifamily home with three rentable apartments in Dutchess County.
      33 Virginia Ave, Poughkeepsie, NY 12601
      View Details
    • $445,000

      Poughkeepsie Duplex with Income Potential

      Versatile duplex in Poughkeepsie, offering income potential and flexible living.
      7 Gray St, Poughkeepsie, NY 12603
      View Details

    FAQs

    What type of property is this?
    Office space - Vacant, 4,556 sq ft, $595,000
    Where is this office space located?
    The property is located at 303 Mill St 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: Class B office building, 4,556 sq ft, located at 303 Mill St, Poughkeepsie, NY 12601.; Asking price: $595,000 ($130.60/sq ft).; High visibility location on US Route 44/NYS Route 55 with on-site and municipal parking.
    (845) 485-3100 Call to check price and availability
    Request Owner's contact information
    303 Mill St Poughkeepsie, NY 12601
    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.
    303 Mill St
    Poughkeepsie, NY 12601
    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
    303 Mill St Poughkeepsie, NY 12601
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Thomas Cervone
    Thomas Cervone
    Real Estate License ID: 49CE0922865
    (845) 485-3100 (626) 622-4253
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!