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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Banks
1 Commerce St Poughkeepsie, NY 12603-2608
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-1538124
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2006
Total area
25,600 SF
Lot
2.59 ac (112,820 SF)
Zoning code
C
APN
133400 6261-04-992302-0000
UPID
US63-1538124
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Scott McNally - TEG Federal Credit Union Loan Service Bank
-
Jeffrey Shields (JJ) - TEG FCU Mortgage Officer Loan Service Bank
-
Spencer Fern Loan Service Bank
-
Jessica Schoen - TEG FCU Mortgage Officer Loan Service Bank
-
Scott McNally - TEG FCU Mortgage Officer Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$985k
Owner & transaction history
Baroene Christian · 5 yrs held
Baroene Christian
since 2020
3 recorded transactions
Zoning & alternative use
C · Poughkeepsie, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Poughkeepsie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Poughkeepsie submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$38 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Assessed value
$2,300,000
Assessed 2023
Previous assessed
$2,300,000
+0.0% YoY
Assessed land
$258,000
Assessed improvement
$2,042,000
Land market value
$362,355
Improvement market value
$2,867,945
Total market value
$3,230,300
Applied tax rate
134,601.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2006
Heating
NONE
Stories
2
Total area
25,600 SF
Lot
2.59 ac (112,820 SF)
Zoning code
C
APN
133400 6261-04-992302-0000
UPID
US63-1538124
Jurisdiction
DUTCHESS
Zoning & alternative use
C · Poughkeepsie, NY
Zoning C · permitted uses
C · Poughkeepsie, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Poughkeepsie. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Stories
2
Lot
2.59 ac
Current owner
From public records · entity-resolved
Baroene Christian
Individual
Mailing address
1 COMMERCE ST, POUGHKEEPSIE, NY 12603-2608
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2020
—
Baroene Christian
—
Deed Of Trust
related
$693,000 · Teg FCU
Dec 3, 2020
—
Alexus Lemon
—
Deed
related
$652,427 · Citibank
—
—
Alexus Lemon
—
Deed Of Trust
related
$652,427 · Citibank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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