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    121 Cooper Rd Fishkill, NY 12524-2418

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    121 Cooper Rd Fishkill, NY 12524-2418

    View on Map
    • Mobile home & RV parks
    • 6,480 SF
    • 1.50 lot acres
    Off-Market
    Property ID
    US63-4079848
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,000,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Msix handyman services / General Contractor

    Property Details for 121 Cooper Rd

    Year built
    1928
    Lot size
    1.50 lot acres
    Property size
    6,480 SF
    Zone code
    R20
    Property type
    Mobile home & RV parks
    APN
    135689 6156-02-852766-0000
    APU
    9223372036854775807

    Description

    This exceptional investment opportunity presents a 13-unit mobile home park situated on a 3-acre lot in Wappingers Falls, NY, conveniently located at 121 Cooper Rd, Fishkill, with a zip code of 12524. Currently boasting 100% occupancy, the park generates a strong Net Operating Income (NOI) of $78,168, translating to an attractive 8.93% capitalization rate. Pro forma projections indicate an even more compelling 9.31% cap rate and a NOI of $81,503, based on the current rental income structure. The income stream is comprised of twelve mobile home lots rented at $675 per month each, and one single-family home rented at $1,650 per month. The property features well and septic infrastructure, ensuring efficient and cost-effective operation. This well-maintained park presents a solid foundation for immediate cash flow and significant future growth potential. The property is classified as Class C and is located in Dutchess County, New York, at latitude 41.557425 and longitude -73.899876. This is a turnkey operation ideal for an investor seeking a stable, high-yielding asset in a desirable location. The asking price for this lucrative investment is $875,000.

    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
    Fishkill
    County
    Dutchess
    State
    New York
    Longitude
    -73.8998
    Latitude
    41.5575
    CBSA code
    39100
    CBSA name
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $24,403
    $135,100
    $689,900
    $825,000
    -
    $135,100
    $689,900
    $825,000

    Comparable in this City

    • Value Estimation
      $980,000
      6,480 SF

      1094 Rte 9th 9

      MOBILE HOME PARK, TRAILER PARK • 6,480 SF
      1094 Rte 9th 9, Fishkill, NY 12524-2549
      View Details
    • Value Estimation
      $8,115,000
      308.79 Acres

      15 Rte 9th, Unit 111

      CAMPGROUND, RV PARK • 308.79 Acres
      15 Rte 9th, Fishkill, NY 12524-2970
      View Details
    • Value Estimation by Request
      3,500 SF

      260-262 Route 9

      Multifamily properties • 3,500 SF
      260-262 Route 9, Fishkill, NY 12524
      View Details
    • Value Estimation by Request
      3.54 Acres

      127133 Old Route 9

      Multifamily properties • 3.54 Acres
      127133 Old Route 9, Fishkill, NY 12524
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    • Value Estimation by Request
      39.10 Acres

      Us-9

      Land • 39.10 Acres
      0 Us-9, Fishkill, NY 12524
      View Details
    • Value Estimation by Request
      2.01 Acres

      88 Smithtown Rd

      Land • 2.01 Acres
      88 Smithtown Rd, Fishkill, NY 12524
      View Details

    Similar Nearby for Sale

    • $749,000

      Mobile Home Park Investment Opportunity

      Established mobile home park with steady income and minimal management.
      121 Cooper Rd, Fishkill, NY 12524
      View Details
    • $300,000
      Pending

      Updated Condo with Modern Amenities

      Two-bedroom condo with updated kitchen, baths, and community amenities.
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    Similar Nearby for Lease

    • Contact for pricing

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    • Contact for pricing
      5,488 SF

      Former Restaurant Space Available

      Freestanding 5,488 SF restaurant space for lease.
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    • $20 SF/Yr
      11,934 SF

      Renovated Medical Office Space Available

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      View Details
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    121 Cooper Rd
    Fishkill, NY 12524-2418
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    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
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