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

    Wappingers Falls, NY 12590

    Sponsored
    For Sale
    $319,000

    LAND - Wappingers Falls, NY

    Lot size:
    116.76 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 23 at 9:06 pm

    Property Features for

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R40/80
    APN
    135689-6358-01-495857-0000
    Lot size
    116.76 Acres

    Utilities

    Water front features
    Creek
    Water front
    1

    We can help!

    Listing Contact
    Thomas J. Santore
    Thomas J. Santore

    Coldwell Banker Residential Brokerage (914) 997-0097

    Listing agent Thomas J. Santore (845) 590-5488

    Listing date Feb 21, 2026

    MLS# 963833 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Spacious Land in Wappingers Falls

    Located on New York State Route 376 in Wappingers Falls, this 116.76-acre property is identified as 0135689-6358-01-495857-0000 on tax rolls. The R-3A zoning designation emphasizes space, breathing room, and the preservation of rural character. This zoning promotes single-family homes with presence, featuring long driveways, broad lawns, preserved tree lines, and distance between neighbors. The R-3A scale requirements ensure that any home built here would command space, both visually and physically, with front setbacks pulling construction away from the road and side yards ensuring privacy. The acreage requirement protects the openness that buyers in Dutchess County increasingly seek. This property is suited for an owner or developer who understands land and appreciates that the zoning defines the product. It is a homesite with room to design intentionally, capture light, preserve trees, and create separation from the road that makes it accessible. This parcel waits for the right vision, one that respects the scale, the code, and the character of R-3A. The property is located in Dutchess County, NY.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Wappingers Falls
    County
    Dutchess
    State
    New York
    Longitude
    -73.8849
    Latitude
    41.596

    Nearby Similar for Sale

    • $560,000
      Pending

      Two-Family Investment Property with Garage

      Two-family property in Wappingers Falls with a detached three-car garage.
      2574-2576 South Ave, Wappingers Falls, NY 12590
      View Details
    • $635,000
      Pending

      Wappingers Falls Triplex Investment Opportunity

      Well-maintained three-unit property in the heart of Wappingers Falls.
      27 Mill St, Wappingers Falls, NY 12590
      View Details
    • $2,900,000
      Pending

      Wappingers Falls Retail Building

      Well-maintained retail building on a bustling commercial corridor.
      1676 Route 9, Wappingers Falls, NY 12590
      View Details
    • Contact for pricing
      22,255 SF

      Stabilized Self-Storage Facility on Route 9

      Value-add self-storage facility in Wappingers Falls, NY, 99% occupied.
      1190 S 9, Wappingers Falls, NY 12590
      View Details
    • Contact for pricing
      25,340 SF

      Wappingers Falls Storage Investment Opportunity

      Self-storage facility with expansion potential in a prime location.
      1190 Route 9, Wappingers Falls, NY 12590
      View Details
    • $675,000

      Established Pizzeria and Italian Restaurant

      Turn-key restaurant with dine-in, take-out, and catering in Dutchess County.
      1574 Route 9, Wappingers Falls, NY 12590
      View Details
    • $1,300,000

      99 Acre Blueberry Farm Opportunity

      99 acre agricultural property, formerly a thriving blueberry farm.
      27 Robinson Ln, Wappingers Falls, NY 12590
      View Details
    • Contact for pricing
      4,883 SF

      Established Restaurant with Long-Term Lease

      Long-term leased restaurant property with strong tenant and high traffic.
      1178 Us 9, Wappingers Falls, NY
      View Details
    • $379,900

      Wappingers Falls Multifamily Investment Opportunity

      Multifamily property in Wappingers Falls with reliable cashflow and lake views.
      2734 W Main St, Wappingers Falls, NY 12590
      View Details
    • $1,250,000
      6,902 SF

      Prime Wappingers Falls Storefront

      6,902 SF Retail Space - Vacant
      787 Sergeant Palmateer Way, Wappingers Falls, NY 12590
      View Details
    • $500,000
      1,440 SF

      Wappingers Falls Industrial Development Parcel

      Prime 21-acre development site, existing structure.
      16-18 Myers Corners Rd, Wappingers Falls, NY 12590
      View Details
    • Contact for pricing
      9,208 SF

      Wappingers Falls Warehouse - 9,208 SF

      Mixed-use warehouse, ideal for various businesses.
      4 Delavergne Ave, Wappingers Falls, NY 12590
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large 116.76-acre lot zoned R-3A in Dutchess County, NY.
    Where is this residential land & home lot located?
    The property is located at Wappingers Falls, NY.
    What is the asking price?
    The asking price for this property is $319,000.
    What are key features of this property?
    This property features: - R-3A zoning allows for a spacious single-family home with preserved tree lines.; - Three-acre minimum lot size provides breathing room and privacy.; - Generous setbacks ensure distance from the road and neighbors.
    (845) 590-5488
    Request Owner's contact information
    Wappingers Falls, NY 12590
    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.
    Wappingers Falls, NY 12590
    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
    Wappingers Falls, NY 12590
    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!
    Listing Contact
    Thomas J. Santore
    Thomas J. Santore
    (845) 590-5488 (914) 962-1121 (914) 245-3400
    Learn more
    Google sign-in failed. Please try again or use another login method.