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    4178 Us-9 Hyde Park, NY 12538
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    4178 Us-9, Hyde Park, NY 12538

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    • Retail properties & Spaces
    • 22,853 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 4178 Us-9

    Property type
    Retail properties & Spaces
    Property subtype
    Freestanding property

    Description

    This exceptional redevelopment opportunity presents a substantial 22,853-square-foot vacant retail building situated at 4178 US-9 in Hyde Park, New York, 12538. Listed at $1,575,000, this property offers a compelling price per square foot of $68.92. The building is a single-tenant free-standing structure categorized as bowling and entertainment. Its strategic location benefits from proximity to significant landmarks and institutions, including the Franklin D. Roosevelt Presidential Library & Museum, Val-Kill Eleanor Roosevelt National Historic Site, Vanderbilt Mansion National Historic Site, Mills Mansion, Staatsburgh State Historic Site, Dinsmore Golf Course, Dutchess County Fairgrounds, Culinary Institute of America, Dutchess Community College, Marist College, Vassar College, Bard College, and State University of New York at New Paltz. This high-traffic area presents a unique chance for investors and developers to capitalize on a prime location within a thriving community. The property's size and versatility make it suitable for a wide range of redevelopment projects, catering to the needs of a diverse clientele drawn to the area's rich history and cultural attractions. The vacant status allows for complete customization and design flexibility, ensuring a tailored approach to meet specific business requirements. This is an unparalleled opportunity to establish a successful venture in a highly desirable and well-visited location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hyde Park
    County
    Dutchess
    State
    New York
    Longitude
    -73.93
    Latitude
    41.7762

    Comparable in this City

    • Value Estimation
      $750,000
      22,853 SF

      4178 Albany Post Rd

      SKATING RINK, ICE SKATING, ROLLER SKATING
      4178 Albany Post Rd, Hyde Park, NY 12538-1763
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    • Value Estimation by Request
      13,901 SF

      4060 Albany Post Rd

      THEATER (MOVIE)
      4060 Albany Post Rd, Hyde Park, NY 12538-1934
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    • Value Estimation by Request
      2,368 SF

      4114 Albany Post Rd

      DRIVE-IN THEATER
      4114 Albany Post Rd, Hyde Park, NY 12538
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    • Value Estimation by Request
      3,484 SF

      1234 Rte 9g

      DRIVE-IN THEATER
      1234 Rte 9g, Hyde Park, NY 12538-2074
      View Details
    • Value Estimation by Request
      2,302 SF

      57 Cardinal Rd

      RECREATIONAL, ENTERTAINMENT
      57 Cardinal Rd, Hyde Park, NY 12538-2855
      View Details
    • Value Estimation by Request
      5,200 SF

      4288 Albany Post Rd

      RETAIL STORES (PERSONAL SERVICES)
      4288 Albany Post Rd, Hyde Park, NY 12538-1702
      View Details

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      Former Pharmacy Retail Space

      Retail space available for lease in Hyde Park, NY.
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      Historic Religious Facility with Retail

      200-year-old religious facility with retail/office building for sale.
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      14,359 SF

      Historic Religious Facility with Retail

      200-year-old religious facility with retail/office building for sale.
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    Similar Nearby for Lease

    • $4,000 /Mo

      Versatile Commercial Building on Route 9

      Adaptable commercial space with high visibility on Albany Post Road.
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    • $2,800 /Mo

      Architecturally Designed Building Space Available

      First floor lease available in architecturally designed building.
      4356 Albany Post Rd, Hyde Park, NY 12538
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      Newly Renovated Retail/Office Space

      Newly renovated rental/office space in busy shopping plaza.
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    • $5,000 /Mo

      New Retail Space For Lease

      700 sq ft retail space in high-traffic Hyde Park.
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      Retail/Office Space on High-Traffic Avenue

      Retail or office space available on a high-traffic state highway.
      960 Violet Ave, Hyde Park, NY 12538
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    4178 Us-9
    Hyde Park, NY 12538
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    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
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