Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    47 Vassar Rd Poughkeepsie, NY 12603

    Property Lookup

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

    47 Vassar Rd Poughkeepsie, NY 12603

    View on Map
    • Retail properties & Spaces
    • 2,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Goodfellas Pizzeria & Restaurant / Restaurant

    Property Details for 47 Vassar Rd

    Year built
    1985
    Property size
    2,000 SF
    Property type
    Retail properties & Spaces

    Description

    This thriving 2,000 square foot pizzeria and restaurant in Poughkeepsie, NY, presents a unique opportunity for a seasoned restaurateur or ambitious entrepreneur. Established 28 years ago, this well-regarded business boasts a loyal customer base and a prime location. The sale includes the business name, all existing equipment, and a ten-year remaining lease. The spacious dining area comfortably seats 64 patrons (44 in the main dining room and 20 in the front area). The fully equipped kitchen features an eight-burner gas stove, grill, steam table, fryer, one refrigerator and two freezers, two double sinks, a salad bar, multiple coolers, a mixer, an ice maker, and a fountain machine. Additional equipment includes a cash register and a comprehensive security system with CSS and four cameras. Currently licensed for beer and wine sales (license transfer required), this turnkey operation is ready for immediate transition. The current owners are retiring after building a successful, community-focused business, and are seeking a buyer to continue their legacy. This is a rare chance to acquire an established, profitable restaurant with significant potential for growth. The asking price is $225,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Poughkeepsie
    County
    Dutchess County
    State
    New York
    Longitude
    -73.8745
    Latitude
    41.652

    Comparable in this City

    • Value Estimation by Request
      32,640 SF

      43 Burnett Blvd

      Retail properties & Spaces • 32,640 SF
      43 Burnett Blvd, Poughkeepsie, NY 12603
      View Details
    • Value Estimation by Request

      702 Freedom Plains Rd

      Retail properties & Spaces
      702 Freedom Plains Rd, Poughkeepsie, NY 12603
      View Details
    • Value Estimation by Request
      2,000 SF

      47 Vassar Rd

      Land • 2,000 SF
      47 Vassar Rd, Poughkeepsie, NY 12603
      View Details
    • Value Estimation by Request
      1,948 SF

      931 Dutchess Tpke

      Individual retail properties • 1,948 SF
      931 Dutchess Tpke, Arlington, NY 12603
      View Details
    • Value Estimation by Request
      1,976 SF

      747 Main St

      Retail properties & Spaces • 1,976 SF
      747 Main St, Poughkeepsie, NY 12603
      View Details
    • Value Estimation by Request
      182,345 SF

      2600 Rd

      Power centers • 182,345 SF
      2600 Rd, Spackenkill, NY 12603
      View Details

    Similar Nearby for Sale

    • $1,200,000
      1,960 SF

      Retail Property in Poughkeepsie

      Retail property for sale in Poughkeepsie, New York.
      816 Main St, Poughkeepsie, NY 12603
      View Details
    • $550,000

      Poughkeepsie Warehouse with Office Space

      Centrally located warehouse with office, workshop, and multiple bays.
      44 Manchester Rd, Poughkeepsie, NY 12603
      View Details
    • $250,000

      Poughkeepsie Retail/Restaurant Opportunity

      Retail storefront/restaurant near Vassar College, partially updated and ready to finish.
      300 Hooker Ave, Poughkeepsie, NY 12603
      View Details
    • Contact for pricing
      2,000 SF

      Turnkey Pizzeria and Restaurant

      Established pizzeria and restaurant for sale with loyal customer base.
      47 Vassar Rd, Poughkeepsie, NY 12603
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Arlington Diner Redevelopment Opportunity

      Prime 4,000 SF Retail Site, 1.8 Acres
      805 Dutchess Tpke, Arlington, NY 12603
      View Details
    • Contact for pricing

      Redevelopment Opportunity in Poughkeepsie

      Redevelopment opportunity in a desirable Poughkeepsie location.
      635 Dutchess Tpke, Poughkeepsie, NY 12603
      View Details
    • $2,500 /Mo
      5,227 SF

      Poughkeepsie Retail Opportunity Near College

      2,400 sq ft retail space near Vassar College.
      12 Fowler Ave, Poughkeepsie, NY 12603
      View Details
    • $8,000 /Mo

      Arlington District Commercial Space

      Fully customizable commercial space in a high-demand Arlington District.
      6-8 Raymond Ave, Poughkeepsie, NY 12603
      View Details
    • Contact for pricing

      Retail Space in Poughkeepsie Plaza

      Retail spaces available in busy Poughkeepsie shopping plaza.
      2600 South Rd, Poughkeepsie, NY 12603
      View Details
    • Contact for pricing
      900 SF

      Retail/Office Space For Lease

      Retail and office spaces available in Wappinger, NY.
      1821 Route 376, Poughkeepsie, NY 12603
      View Details
    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.
    47 Vassar Rd
    Poughkeepsie, NY 12603
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!