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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Investment properties
10 Ibm Rd Poughkeepsie, NY 12601-5436
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-1766371
Property summary
AI-generated overview
The Plaza at 10 IBM Road offers a prime opportunity in Poughkeepsie. This single-story, 8,312 square foot Class C building, constructed in 2002, sits on a 0.77-acre lot and boasts 6 suites, with a minimum divisible space of 1,050 square feet. Currently, 2,100 square feet are vacant, presenting a unique chance for expansion or new tenancy. The property is zoned for Business Neighborhood use and features ample parking with 45 spaces. Its convenient location across from IBM Poughkeepsie, just off US-9, provides excellent visibility and accessibility. Existing tenants include a diverse mix of businesses, including a dental practice, a restaurant, and a medical imaging center, demonstrating the building's versatility and appeal to a variety of businesses. The property's tax rate is $8.81 per square foot. The building's single-story design and ample parking make it an attractive option for a variety of businesses seeking a well-located and functional space in a thriving area. The APN is 134689-6060-04-997170-0000.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2003
Total area
8,400 SF
Lot
0.77 ac (33,541 SF)
Zoning code
BN
APN
134689 6060-04-997170-0000
UPID
US63-1766371
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
-
Dr. Kenneth Ritz, DDS Dental Office
-
Family Dental Center Dental Office
-
Friedman Fred DDS Dental Office
-
Ritz Michael w DDS Dental Office
-
Family Dental Center: William Welker DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$955k
Owner & transaction history
North Plank Dev Co LLC · 1 yrs held
North Plank Dev Co LLC
since 2025
2 recorded transactions
Zoning & alternative use
BN · Poughkeepsie, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$920,000
+20.3%
Auto repair, garage
$830,000
+8.4%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$765,000
Current use
WAREHOUSE, STORAGE
$920,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$830,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$705,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$114 / 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
Tax billed
$72,384
Tax year 2020
Assessed value
$954,000
Assessed 2023
Previous assessed
$875,000
+9.0% YoY
Effective rate
7.59%
On assessed value
Assessed land
$359,100
Assessed improvement
$594,900
Land market value
$359,100
Improvement market value
$594,900
Total market value
$954,000
Applied tax rate
134,602.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2003
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
8,400 SF
Lot
0.77 ac (33,541 SF)
Zoning code
BN
APN
134689 6060-04-997170-0000
UPID
US63-1766371
Jurisdiction
DUTCHESS
Zoning & alternative use
BN · Poughkeepsie, NY
Zoning BN · permitted uses
BN · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$765,000
WAREHOUSE, STORAGE
Est. value
$920,000
AUTO REPAIR, GARAGE
Est. value
$830,000
OFFICE BUILDING
Est. value
$705,000
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
North Plank Dev Co LLC
Entity
Mailing address
29 CLOVER HL DR, POUGHKEEPSIE, NY 12603-3201
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2025
—
North Plank Dev Co LLC
—
Deed
related
$900,000 · Mcrj Realty Corp
Jun 29, 2020
—
Mcrj Realty Corp
—
Deed
related
$523,000 · Rhinebeck Savings Bank
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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