Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Catering & Restaurant Opportunity Title is generated by Realmo AI

    155 Wilbur Blvd, Poughkeepsie, NY 12603

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Premier catering and restaurant space for lease at McCann Golf Course.

    Type:Restaurant
    Added:
    Nov 28, 2023
    Days on Market:
    920
    Last Refresh:
    May 12 at 10:03 pm

    Property Features for 155 Wilbur Blvd

    General Information

    Standard status
    Active
    Property subtype
    Restaurant

    Spaces For Lease

    at 155 Wilbur Blvd Contact us

    $0.75/Mo

    Size
    14,688 SF
    Type
    Restaurant
    Contact us

    We can help!

    Listing Contact
    Thomas Cervone

    Listing agent Thomas Cervone License #NY 49CE0922865

    Listing office CR Properties Group LLC

    Listing date Nov 28, 2023

    Source Crexi

    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 CR Properties Group LLC

    HighLights

    • Established catering business with 40 years of operation.
    • Located on McCann Golf Course at Spratt Park.
    • Features 3 banquet rooms suitable for various events.
    • Includes 2 kitchens, a bridal room, and an office.
    • Offers an outdoor deck and open deck space.
    • Equipped with a snack bar and 3 storage rooms.

    Overview

    A premier catering and restaurant space is available for lease at McCann Golf Course, located at Spratt Park, 155 Wilbur Boulevard, Poughkeepsie, NY. The catering business has operated for 40 years, catering to special celebrations, including weddings and corporate events. The building features three banquet rooms, a main room, two kitchens, a bridal room, an office, an outdoor deck with room and open deck, a snack bar, bathrooms, and three storage rooms. More information is available at Christo's Catering website and McCann Golf Course website. A Matterport 3D Virtual Tour is also available.
    Location Intelligence

    Current Use by Public Records

    Christos Catering Hotel & Motel McCann Memorial Golf ... Golf Course

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Poughkeepsie
    County
    Dutchess
    State
    New York
    Longitude
    -73.9131962
    Latitude
    41.6722137

    Nearby Similar for Lease

    • $2,500/Mo
      2,700 SF

      Prime Retail Space in Poughkeepsie

      Revitalized Poughkeepsie business district retail space for lease.
      200 Main Street, Poughkeepsie, NY 12601
      View Details
    • $2,000/Mo
      817 SF

      Urban-Chic Commercial Space Available

      Revitalized Poughkeepsie business district, loft-style, high-visibility storefront for rent.
      204 Main Street, Poughkeepsie, NY 12601
      View Details
    • $2,500/Mo
      2,400 SF

      Poughkeepsie Retail Opportunity Near College

      2,400 sq ft retail space near Vassar College.
      12 Fowler Avenue, Poughkeepsie, NY 12603
      View Details
    • $19 SF/Yr
      7,047 SF

      Poughkeepsie Commercial Space For Lease

      Flexible commercial spaces near MJN Convention Center, McCann Ice Arena.
      233-237 Main Street, Poughkeepsie, NY 12601
      View Details
    • $1,100/Mo

      Poughkeepsie Office Space for Lease

      Office space with private entrance, parking, and convenient location.
      2038 New Hackensack Road, Poughkeepsie, NY 12603
      View Details
    • $2,600/Mo
      1,100 SF

      Downtown Poughkeepsie Office Space

      Professional office suite in downtown Poughkeepsie with utilities included.
      55 Market, Poughkeepsie, NY 12601
      View Details
    • $1,900/Mo
      700 SF

      Renovated Office Space in Poughkeepsie

      Newly renovated office space in downtown Poughkeepsie for lease.
      55 Market, Poughkeepsie, NY 12601
      View Details
    • $1,150/Mo
      368 SF

      Poughkeepsie First-Floor Office Space

      Versatile 368 SF office space in prime Poughkeepsie location.
      53 Market Street, Poughkeepsie, NY 12601
      View Details
    • $1,150/Mo
      372 SF

      Poughkeepsie First-Floor Office Space

      Versatile 372 SF office space in prime Poughkeepsie location.
      53 Market Street, Poughkeepsie, NY 12601
      View Details
    • $5,200/Mo
      3,624 SF

      Poughkeepsie Professional/Medical Building for Lease

      Renovated professional/medical building near Metro-North with parking.
      56 Main St, Poughkeepsie, NY 12601
      View Details
    • $2,000/Mo
      817 SF

      Urban-Chic Commercial Space Available

      Revitalized Poughkeepsie business district storefront with high visibility.
      204 Main St Commercial, Poughkeepsie, NY 12601
      View Details
    • $2,500/Mo
      2,700 SF

      Poughkeepsie Retail Space Available

      2,700 SF retail space in revitalized business district.
      200 Main St, Poughkeepsie, NY 12601
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Premier catering and restaurant space for lease at McCann Golf Course.
    Where is this conventional restaurant located?
    The property is located at 155 Wilbur Blvd Poughkeepsie, NY.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: Established catering business with 40 years of operation.; Located on McCann Golf Course at Spratt Park.; Features **3 banquet rooms suitable for various events.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Thomas Cervone
    Real Estate License ID: NY 49CE0922865
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    155 Wilbur Blvd, Poughkeepsie, NY 12603
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!