Sign Up Successful!
You now have access to more from Realmo!
    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

    31 Kerr Rd Poughkeepsie, NY 12601

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

    143 Acres, Poughkeepsie, NY - Prime Location

    Property Features for 31 Kerr Rd

    General Information

    Property type
    Land
    Lot Size
    6,252,167 SF

    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 143.53-acre development site presents a remarkable investment opportunity in Poughkeepsie, New York. Strategically located near US Route 9 and South Road, this property boasts high visibility and accessibility, with a combined area traffic count of 44,854 AADT. The land is comprised of two parcels: Parcel A (25.83 acres) is zoned B-NH (Neighborhood Highway Business), while Parcel B (117.70 acres) is zoned R-1.5A (Residential, Single Family). This dual zoning allows for a variety of development possibilities, combining commercial and residential potential. The site offers convenient access via US Route 9/South Road, with secondary access through Country Club Estates. Essential utilities, including municipal water, sewer, and gas, are readily available. Proximity to major transportation arteries enhances its appeal: it's just 14 minutes from the Mid-Hudson Bridge and Metro-North Hudson Line train station, 18 minutes from the Taconic State Parkway, and within easy reach of Interstates 84 and 87. Nearby retail centers such as the Poughkeepsie Galleria, South Hills Mall, and Chestnut Plaza further solidify its strategic location. This prime location, coupled with its substantial size and versatile zoning, makes this property an ideal platform for a significant development project. The asking price is $7,000,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Poughkeepsie
    County
    Dutchess
    State
    New York
    Longitude
    -73.913308
    Latitude
    41.638546

    Nearby Similar for Sale

    • $995,000
      Pending

      Poughkeepsie Mixed-Use Building with Parking

      Two-story mixed-use building with updated office space and parking.
      176 Church St, Poughkeepsie, NY 12601
      View Details
    • $199,999
      1,500 SF

      Turn-Key Pub in Dutchess County

      Established pub for sale with loyal clientele and prime leasing.
      40 Vassar Rd, Poughkeepsie, NY 12603
      View Details
    • $650,000
      Pending

      Poughkeepsie Church and Residential Property

      Church with basement and house on 1.85 acres.
      546 Vassar Rd, Poughkeepsie, NY 12603
      View Details
    • $450,000
      Pending

      Charming Duplex Near Vassar College

      Duplex near Vassar College, ideal for investors or owner-occupants.
      115 Fulton Ave, Poughkeepsie, NY 12603
      View Details
    • $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
    • $370,000
      Pending

      Poughkeepsie Two-Family Investment Property

      Two-family property with income potential near shops and transportation.
      93 Delafield St, Poughkeepsie, NY 12601
      View Details
    • $450,000
      Pending

      Renovated Two-Family Investment Opportunity

      Two-family home with strong income potential in a desirable location.
      175 Washington St, Poughkeepsie, NY 12601
      View Details
    • $395,000
      Pending

      Poughkeepsie Triplex: Investor Opportunity

      Multi-family triplex with identical units near Vassar Hospital.
      120 South Ave, Poughkeepsie, NY 12601
      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
    • $1,099,000
      0.27 Acres

      Poughkeepsie Commercial Property For Sale

      Income-generating commercial property with liquor store and deli/convenience store.
      1 S Gate Dr, 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
    • $700,000
      6,729 SF

      Poughkeepsie Turn-Key Business Opportunity

      Turn-key business opportunity in a rapidly developing area of Poughkeepsie.
      471 Main St, Poughkeepsie, NY 12601
      View Details

    FAQs

    What type of property is this?
    Land - 143 Acres, Poughkeepsie, NY - Prime Location
    Where is this land located?
    The property is located at 31 Kerr Rd Poughkeepsie, NY.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: 143.53-acre development site in Poughkeepsie, NY, offering high visibility and accessibility near US Route 9 and South Road (44,854 AADT).; Two parcels: 25.83 acres zoned B-NH and 117.70 acres zoned R-1.5A, allowing for mixed-use development.; Convenient access via US Route 9/South Road and Country Club Estates; municipal water, sewer, and gas available.
    (845) 485-3100 Call to check price and availability
    Request Owner's contact information
    31 Kerr Rd 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.
    31 Kerr Rd
    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
    31 Kerr Rd 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.