Poughkeepsie Warehouse with Office
For Sale
$800,000
97 N Clinton St, Poughkeepsie, NY 12601
Commercial property featuring warehouse and office space in Poughkeepsie.
Property Size7,984 SF
Days on Market111
Property Features for 97 N Clinton St
General Information
Standard status
Active
Size
7,984 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$12,862
Building Details
Building Size
7,984 SF
Year Built
1965
Listing Agency:
KW MIDHUDSON
(845) 863-5516
Listed By:
Stefania Riccitelli · License #10401388810
(845) 863-5516
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 11 at 11:21AM
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 KW MIDHUDSON
Investment Insights
Based on property information with market context.
This commercial property features warehouse space and an office buildout. The property includes three garage doors providing flexible access. The layout offers a combination of open warehouse area and private office spaces. This property is suitable for either an owner-occupant or as an investment opportunity. It is conveniently located in the City of Poughkeepsie, near downtown and major roadways. The property may be purchased individually or in combination with 101 (99) N. Clinton Street and/or 36 Cottage Street, Poughkeepsie. The location has a bike score of 52, indicating it is bikeable, and a walk score of 78, meaning it is very walkable. The transit score is 39, indicating some transit options are available.
Key Highlights
- Commercial property with warehouse and office space.
- Convenient City of Poughkeepsie location near downtown and major roadways.
- Three garage doors provide flexible access.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,960
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,199,200
$1.2M
Cap Rate 7%
$856,571
$856.6K
Cap Rate 9%
$666,222
$666.2K
Market Conditions
NOI Build-Up for 7,984 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$75.7K $9.48/SF
− Vacancy
−$5.1K −$0.64/SF
EGI
$70.5K $8.84/SF
− OpEx
−$10.6K −$1.33/SF
NOI
$60.0K $7.51/SF
Area
Dutchess County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,199,200
Cap Rate 7%
$856,571
Cap Rate 9%
$666,222
Alternative Uses
Best Use
Flex RnD
$1.87M
$1.64M – $2.18M
NOI $131,058 @ 7.0% cap · market cap 16.38%
Second Best
Warehouse
$856.6K
$749.5K – $999.3K
NOI $59,960 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,233 @ 7.0% cap · market cap 21.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,833
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
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Asia City Smoothie Acai juice bar — 311 Main St, Poughkeepsie, NY 12601
- Catering Co at the Palladium — 258 Church St, Poughkeepsie, NY 12601
Frequently Asked Questions
What type of property is this?
Flex space - Commercial property featuring warehouse and office space in Poughkeepsie.
Where is this flex space located?
The property is located at 97 N Clinton St Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Commercial property with warehouse and office space.; Convenient City of Poughkeepsie location near downtown and major roadways.; Three garage doors provide flexible access.
