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Property profile & analytics
OFF-MARKET
Estimated value
$2,090,000
Office buildings
1207 Rte 9th 9, Wappingers Falls, NY 12590-4986
Entity Owned
8-yr Hold
Free & Clear
Property ID
US63-6187948
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
17,980 SF
Lot
3.1 ac (135,036 SF)
Zoning code
HO
APN
135689 6157-04-582220-0000
UPID
US63-6187948
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.00M
Blend (final)
Blend
$2.09M
Owner & transaction history
Krivas Executive Park LLC · 8 yrs held
Krivas Executive Park LLC
since 2018
2 recorded transactions
Zoning & alternative use
HO · Wappingers Falls, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.9M
+43.9%
Commercial (general)
$2.5M
+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
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
OFFICE BUILDING
$2,005,000
Current use
AUTO REPAIR, GARAGE
$2,885,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,480,000
Change: +24% · Conversion: Easy
WAREHOUSE, STORAGE
$1,975,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$2.09M
Range $1.88M – $2.30M · ±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
$116 / 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
$28,350
Tax year 2020
Assessed value
$2,300,000
Assessed 2023
Previous assessed
$2,921,600
-21.3% YoY
Effective rate
1.23%
On assessed value
Assessed land
$750,000
Assessed improvement
$1,550,000
Land market value
$750,000
Improvement market value
$1,550,000
Total market value
$2,300,000
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
OFFICE BUILDING
Status
Off-Market
Year built
2002
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Bathrooms
2
Total area
17,980 SF
Lot
3.1 ac (135,036 SF)
Zoning code
HO
APN
135689 6157-04-582220-0000
UPID
US63-6187948
Jurisdiction
DUTCHESS
Zoning & alternative use
HO · Wappingers Falls, NY
Zoning HO · permitted uses
HO · 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
OFFICE BUILDING Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2002
Heating
HOT WATER
Cooling
Yes
Stories
2
Bathrooms
2
Lot
3.1 ac
Current owner
From public records · entity-resolved
Krivas Executive Park LLC
Entity
Free & Clear · 8 yrs held
Mailing address
65 SUSIE BLVD, POUGHKEEPSIE, NY 12603-1742
Ownership since
2018
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
Feb 21, 2018
$3,150,000
Krivas Executive Park LLC
Rp 1207 LLC
Grant Deed
—
Nov 7, 2009
—
Rp 1207 LLC
2345 LLC
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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