Poughkeepsie Flex Space with
For Sale
Contact for pricing
4 Buckingham Ave, Poughkeepsie, NY 12601
8,170 SF flex building with loading docks and parking.
Property Size8,170 SF
Lot Size0.79 Acres
Price / SF$116.28
Days on Market732
Property Features for 4 Buckingham Ave
General Information
Standard status
Active
Size
8,170 SF
Class
B
Lot size
0.79 Acres
Property subtype
Industrial, Mixed Use, Office
Investment Type
Owner/User
Building Details
Year Built
1954
Year Renovated
1975
Buildings
2
Stories
2
Tenancy
Multi
Listing Agency:
McGrath Realty Inc Hopewell Junction
Listed By:
Ryan LaLuna · License #NY 10401292589
(845) 896-5444
Source:
Crexi
Added: Oct 14, 2024
Changed: Oct 13
Last Checked: Oct 14 at 10:39PM
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 McGrath Realty Inc Hopewell Junction
Investment Insights
Based on property information with market context.
The subject property is an 8,170 sq. ft. block and steel building set on 0.79 acres. Constructed in 1954, the building includes approximately 1,000 sq. ft. of office space in fair condition. The remaining area is comprised of a loading area, storage rooms, and a separate storage garage. The property is equipped with 4 double-ended loading docks and over 15 parking spaces. The site has municipal sewer, water, and gas. It has redevelopment potential within the "walkway-gateway" overlay district, which permits residential uses. The property borders the Dutchess County Rail Trail and has 175 feet of road frontage.
Key Highlights
- Redevelopment potential due to "walkway‑gateway" overlay district permitting residential uses.
- Large 8,170 sq. ft. block and steel building on .79 acres.
- Equipped with 4 double‑ended loading docks.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,529
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,010,580
$1.0M
Cap Rate 7%
$721,843
$721.8K
Cap Rate 9%
$561,433
$561.4K
Market Conditions
NOI Build-Up for 8,170 SF
Gross rent
$77.5K $9.48/SF
− Vacancy
−$5.3K −$0.64/SF
EGI
$72.2K $8.84/SF
− OpEx
−$21.7K −$2.65/SF
NOI
$50.5K $6.18/SF
Area
Dutchess County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,010,580
Cap Rate 7%
$721,843
Cap Rate 9%
$561,433
Alternative Uses
Best Use
Flex RnD
$1.92M
$1.68M – $2.24M
NOI $134,111 @ 7.0% cap · market cap 14.12%
Second Best
Industrial
$721.8K
$631.6K – $842.2K
NOI $50,529 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,152 @ 7.0% cap · market cap 18.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,200
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - 8,170 SF flex building with loading docks and parking.
Where is this flex space located?
The property is located at 4 Buckingham Ave Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Redevelopment potential due to "walkway‑gateway" overlay district permitting residential uses.; Large 8,170 sq. ft. block and steel building on .79 acres.; Equipped with 4 double‑ended loading docks.
