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Property profile & analytics
OFF-MARKET
Estimated value
$4,085,000
Office buildings
1147 Rte 9th 9, Wappingers Falls, NY 12590-4916
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-3790373
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2015
Total area
18,688 SF
Lot
0.95 ac (41,382 SF)
Zoning code
HB
APN
135689 6157-04-649068-0000
UPID
US63-3790373
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.43M
CAP Approach
CAP
$4.91M
Comparable Approach
Comparable
$3.37M
Blend (final)
Blend
$4.09M
Owner & transaction history
Osbourne Plaza LLC · 9 yrs held
Osbourne Plaza LLC
since 2017
Last sale
$4.1M
3 recorded transactions
Zoning & alternative use
HB · Wappingers Falls, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.3M
+154.7%
Auto repair, garage
$3.0M
+43.9%
Commercial (general)
$2.6M
+23.7%
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 Wappingers Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wappingers Falls 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
$4,470,000
ML approach
$4,430,000
CAP Approach
CAP Return
Estimation
6%
$5,320,000
6.5%
$4,910,000
7%
$4,560,000
Alternative Use
Use
Estimation
RESTAURANT
$5,315,000
Change: +155% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,000,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,580,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$4.09M
Range $3.68M – $4.49M · ±10% · vs last sale $4.08M (Nov 30 2021)
Last sale anchor
$4.08M
Nov 30 2021
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
$219 / 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
$16,302
Tax year 2020
Assessed value
$4,200,000
Assessed 2023
Previous assessed
$4,000,000
+5.0% YoY
Effective rate
0.39%
On assessed value
Assessed land
$600,000
Assessed improvement
$3,600,000
Land market value
$600,000
Improvement market value
$3,600,000
Total market value
$4,200,000
Applied tax rate
135,601.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2015
Heating
YES
Stories
2
Bathrooms
1
Total area
18,688 SF
Lot
0.95 ac (41,382 SF)
Zoning code
HB
APN
135689 6157-04-649068-0000
UPID
US63-3790373
Jurisdiction
DUTCHESS
Zoning & alternative use
HB · Wappingers Falls, NY
Zoning HB · permitted uses
HB · Wappingers Falls, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wappingers Falls. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.6M
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2015
Heating
YES
Stories
2
Bathrooms
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Osbourne Plaza LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1289 RTE 9TH 9TH STE #9, WAPPINGERS FALLS, NY 12590-4992
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Apr 4, 2017
—
Osbourne Plaza LLC
1145 Route 9 Corp
Grant Deed
—
Mar 6, 2017
$5,175,000
Osbourne Plaza LLC
1145 Route 9 Corp
Grant Deed
—
May 15, 2008
$580,000
1145 Rd 9 Corp
Moghaddam,heda
Grant Deed
—
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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