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Pagano Building Route 9 1234 Us-9

9,500 SF 33% Leased Retail Building Wappingers Falls, NY 12590 $2,222,593 CAD ($234 CAD/SF) 8.67% Cap Rate

Investment Highlights

  • Located along Route 9, near the new Adam's Fair Acres Farm.
  • Configured for three ground floor tenants

Executive Summary

Office, Office/retail, Office/warehouse
Next to new Adam's Fair Acres Farm

Financial Summary (Pro forma - 2021)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $191,358 $20.14
Other Income - -
Vacancy Loss - -
Effective Gross Income $191,358 $20.14
Taxes $42,524 $4.48
Operating Expenses $64,176 $6.76
Total Expenses $106,700 $11.23
Net Operating Income $84,658 $8.91

Financial Summary (Pro forma - 2021)

Gross Rental Income (CAD)
Annual $191,358
Annual Per SF $20.14
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $191,358
Annual Per SF $20.14
Taxes (CAD)
Annual $42,524
Annual Per SF $4.48
Operating Expenses (CAD)
Annual $64,176
Annual Per SF $6.76
Total Expenses (CAD)
Annual $106,700
Annual Per SF $11.23
Net Operating Income (CAD)
Annual $84,658
Annual Per SF $8.91

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,500 SF
Building Class
B
Year Built
1982
Price
$2,222,593 CAD
Price Per SF
$234 CAD
Cap Rate
8.67%
NOI
$192,776 CAD
Percent Leased
33%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
2 Exterior
Building FAR
0.22
Land Acres
0.98 AC
Zoning
HB1A - Commercial/Residential
Parking
30 Spaces (3.16 Spaces per 1,000 SF Leased)
Frontage
185 ft on Us-9

About 1234 Us-9 , Wappingers Falls, NY 12590

Located adjacent to new Adams Fairacre Farms.

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 2nd Floor
  • 4,750 SF
  • Office/Retail
  • -
  • Now
Space Size Space Use Position Available
2nd Floor 4,750 SF Office/Retail - Now

2nd Floor

Size
4,750 SF
Space Use
Office/Retail
Position
-
Available
Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
135689-6157-04-617311-0000
Land Assessment
$418,395 CAD (2023)
Improvements Assessment
$965,516 CAD (2023)
Total Assessment
$1,383,911 CAD (2023)
Annual Taxes
$42,524 CAD ($4.48 CAD/SF)
Tax Year
2021
  • Listing ID: 9204669

  • Date on Market: 2017-09-18

  • Last Updated:

  • Address: 1234 Us-9, Wappingers Falls, NY 12590

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