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    22 Ibm Rd Poughkeepsie, NY 12601

    Sponsored
    For Sale
    $8,100,000

    Prime Poughkeepsie Office Complex

    Property size:
    45,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fully occupied, 45,000 square foot, Class B office and retail complex in Poughkeepsie, NY. The property, situated on 3 acres at 22 IBM Rd, boasts two renovated buildings with 19 units and 160 parking spaces. Completed in Fall 2019, renovations included a new roof, HVAC systems, energy-efficient windows, upgraded bathrooms, new flooring, paint, storefront entrances, signage, LED lighting, security cameras, a new façade, and landscaping. Currently housing 22 tenants with a diverse mix of professional services, the property enjoys 100% occupancy and a strong Net Operating Income (NOI) of $570,873, with a pro-forma NOI of $708,737 and a 7.05% cap rate (8.75% pro-forma). The property features a modified lease type with 3% annual rent bumps, offering significant upside potential due to below-market lease rates. The asking price is $8,100,000, representing a price per square foot of $180. Zoned for commercial use, this property is an ideal investment for both owner-occupiers and 1031 exchange candidates, offering a solid infrastructure, strong tenant base, and ample parking. Financial details are available upon request. The property's convenient location near Route 9 provides easy access to numerous amenities.

    Property Features for 22 Ibm Rd

    General Information

    Property type
    Retail properties
    Square Feet
    45,000 SF
    Class
    B
    Lot Size
    130,680 SF

    Building Details

    Year Renovated
    2019
    Buildings
    2
    Stories
    2
    Units
    19

    HighLights

    • Fully Leased, Strong Tenant Roster
    • Recently Completed Renovations
    • 1031 Exchange Eligible
    • Ideal Owner‑Occupier Investment (7‑9% Cap Rate)
    Property Profile Location Intelligence

    Current Use by Public Records

    Amalathas Simona MD Psychiatrist Schutzman Stanley A Attorney Poughkeepsie Dental Dentist Andrew L. Trimboli, ... Dentist Donna S. Trimboli ... Dentist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Poughkeepsie
    County
    Dutchess
    State
    New York
    Longitude
    -73.9329519
    Latitude
    41.6504857

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    FAQs

    What type of property is this?
    Retail property - Prime Poughkeepsie Office Complex
    Where is this retail property located?
    The property is located at 22 Ibm Rd Poughkeepsie, NY.
    What is the asking price?
    The asking price for this property is $8,100,000.
    What are key features of this property?
    This property features: Fully Leased, Strong Tenant Roster; Recently Completed Renovations; 1031 Exchange Eligible
    Request Owner's contact information
    22 Ibm Rd Poughkeepsie, NY 12601
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    Realmo Value Estimation

    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.

    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.

    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
    22 Ibm Rd Poughkeepsie, NY 12601
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