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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1643 Route 82 Lagrangeville, NY 12540

    • Strip malls
    • 48,304 SF
    • 18.57 lot acres
    For Lease
    View listing
    Last Sale
    Feb 07, 2024
    $10,500,000
    Value Estimations
    $10,500,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0357297
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Strip malls

    Property Details for 1643 Route 82

    Year built
    1996
    Lot size
    18.57 lot acres
    Property size
    48,304 SF
    Zone code
    GH
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    133400 6559-03-316413-0000
    APU
    9223372036854775807

    Description

    LaGrange Commons, located at 1643 Route 82 in Lagrangeville, NY 12540, presents a unique retail investment opportunity. This two-building, single-story strip center offers two available spaces, one measuring 2,400 square feet and another up to 3,500 square feet as a pad site. The property boasts a total of nine suites and 323 parking spaces, ensuring ample customer convenience. Benefit from high visibility and traffic counts, with 7,464 cars daily on Route 82 and 42,526 cars daily on the nearby Taconic State Parkway. Strong co-tenancy includes ShopRite Supermarket, GoHealth Urgent Care (coming soon), Top Nail, Dominick's Cleaners, Happy Wok, All City Grill, and Dollar Plus. Nearby retailers include Dunkin' Donuts, Mobil, Verizon, and the United States Post Office. The property is situated in Dutchess County, New York, with easy access to the Taconic State Parkway. Taxes are $8.11 per square foot. Contact us for rental and CAM/tax details. This is an exceptional opportunity to join a thriving retail center in a high-traffic location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,500,000
      ML approach
      $10,500,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $14,575,000
      6.5%
      $13,455,000
      7%
      $12,495,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lagrangeville
    County
    Dutchess
    State
    New York
    Longitude
    -73.7726
    Latitude
    41.6298
    CBSA code
    39100
    CBSA name
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $0.00
    $548,464
    $4,799,746
    $5,348,210
    -
    $770,311
    $6,741,189
    $7,511,500

    Comparable in this City

    • Value Estimation by Request
      29,287 SF

      1097 Rte 55

      SHOPPING CENTER, STRIP CENTER • 29,287 SF
      1097 Rte 55, Lagrangeville, NY 12540-5059
      View Details
    • Value Estimation by Request
      25,814 SF

      1618 Rte 82

      SHOPPING CENTER, STRIP CENTER • 25,814 SF
      1618 Rte 82, Lagrangeville, NY 12540-6089
      View Details
    • Value Estimation
      $580,000
      19,681 SF

      1516-1520 Rte 55

      SHOPPING CENTER, STRIP CENTER • 19,681 SF
      1516-1520 Rte 55, Lagrangeville, NY 12540
      View Details
    • Value Estimation
      $750,000
      12,936 SF

      2419 Rte 82

      SHOPPING CENTER, STRIP CENTER • 12,936 SF
      2419 Rte 82, Lagrangeville, NY 12540-5146
      View Details
    • Value Estimation
      $605,000
      6,079 SF

      1198-1202 Rte 55

      RESTAURANT • 6,079 SF
      1198-1202 Rte 55, Lagrangeville, NY 12540
      View Details
    • Value Estimation by Request
      4,448 SF

      155 Stringham Rd

      FINANCIAL BUILDING • 4,448 SF
      155 Stringham Rd, Lagrangeville, NY 12540-5524
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $1,500 /Mo
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      Updated Plaza in Dutchess County

      Retail and professional spaces available in Lagrangeville, NY.
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    • Contact for pricing
      3,500 SF

      LaGrange Commons Retail Space

      Prime Dutchess County retail opportunity. Two spaces available.
      1643 Route 82, Lagrangeville, NY 12540
      View Details
    • $1,600 /Mo
      1,000 SF

      Retail Space on Route 55

      1,000 SF retail space with high visibility and parking.
      2197 Route 55, Lagrangeville, NY 12540
      View Details
    • $230 SF/Yr
      4,400 SF

      Route 55 Retail Office Space

      Beekman, NY: 1,000 SF Retail/Office
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    • $2,500 /Mo

      Arlington Business District Office Space

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    • $30 SF/Yr
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      Retail Space in Lagrangeville

      Retail space available for lease in Lagrangeville, New York.
      1151 Route 55, Lagrangeville, NY 12540
      View Details
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    1643 Route 82
    Lagrangeville, NY 12540
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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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