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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    160 Airport Dr Wappingers Falls, NY 12590-6165

    • Investment properties
    • 5,840 SF
    • 23.96 lot acres
    OFF-MARKET
    Value Estimations
    $925,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2464658
    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.

    Current Use by Public Records

    • Total Transportation Corp. / Travel Agency / Tour Operator

    Property Details for 160 Airport Dr

    Lot size
    23.96 lot acres
    Property size
    5,840 SF
    Zone code
    AI
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    135689 6259-04-815490-0000
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,185,000
      6.5%
      $1,090,000
      7%
      $1,015,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $983,000
      Market price range: $595k - $1.15M
      AI Estimate
      $707,000
      Market price range: $317k - $845k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $805,000
      Current use
      AUTO REPAIR, GARAGE
      $940,000
      Change: +16% Conversion: Difficult
      OFFICE BUILDING
      $650,000
      Change: -19% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wappingers Falls
    County
    Dutchess
    State
    New York
    Longitude
    -73.8645
    Latitude
    41.6324
    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
    $7,833
    $400,000
    $537,100
    $937,100
    -
    $400,000
    $537,100
    $937,100

    Comparable in this City

    • Value Estimation by Request
      1,600 SF

      11 Citation Dr

      STORE/OFFICE (MIXED USE) • 1,600 SF
      11 Citation Dr, Wappingers Falls, NY 12590-1405
      View Details
    • Value Estimation
      $690,000
      6,518 SF

      872 Rte 376

      STORE/OFFICE (MIXED USE) • 6,518 SF
      872 Rte 376, Wappingers Falls, NY 12590-6497
      View Details
    • Value Estimation by Request
      2,400 SF

      232 Myers Cors Rd

      STORE/OFFICE (MIXED USE) • 2,400 SF
      232 Myers Cors Rd, Wappingers Falls, NY 12590-2114
      View Details
    • Value Estimation
      $1,135,000
      12,060 SF

      8 Nancy Ct

      STORE/OFFICE (MIXED USE) • 12,060 SF
      8 Nancy Ct, Wappingers Falls, NY 12590-6320
      View Details
    • Value Estimation by Request
      4,860 SF

      124 New Hamburg Rd

      STORE/OFFICE (MIXED USE) • 4,860 SF
      124 New Hamburg Rd, Wappingers Falls, NY 12590
      View Details
    • Value Estimation by Request
      3,000 SF

      5 Sprout Crk Ct

      STORE/OFFICE (MIXED USE) • 3,000 SF
      5 Sprout Crk Ct, Wappingers Falls, NY 12590-6342
      View Details

    Similar Nearby for Sale

    • $689,000

      Mixed-Use Property with Apartments

      Mixed-use property featuring a store and two apartments.
      2748 W Main St, Poughkeepsie, NY 12590
      View Details
    • Contact for pricing
      9,208 SF

      Wappingers Falls Warehouse - 9,208 SF

      Mixed-use warehouse, ideal for various businesses.
      4 Delavergne Ave, Wappingers Falls, NY 12590
      View Details
    • $4,000,000
      7.60 Acres

      Fishkill, NY Redevelopment Site

      7.6-acre retail development opportunity.
      1105 Route 9, Fishkill, NY 12590
      View Details
    • $4,000,000
      7.60 Acres

      Route 9 Retail Redevelopment Opportunity

      High-yield retail/development site in Wappingers Falls, NY
      1105 Route 9, Wappingers Falls, NY 12590
      View Details
    • $500,000
      1,440 SF

      Wappingers Falls Industrial Development Parcel

      Prime 21-acre development site, existing structure.
      16-18 Myers Corners Rd, Wappingers Falls, NY 12590
      View Details
    • $3,900,000
      30,000 SF

      Route 9 Office Building Investment

      30,000 SF Medical/Executive Office
      66 Middlebush Rd, Wappingers Falls, NY 12590
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      87,120 SF

      Wappingers Falls Commercial Space Available

      Office, retail, and flex space in Wappingers Falls.
      2 Commerce Ct Unit, Wappingers Falls, NY 12590
      View Details
    • $15 SF/Yr
      59,233 SF

      Summerlin Plaza: Office Suites Available

      Dutchess County office space, multiple suites.
      942 Ny-376, Wappingers Falls, NY 12590
      View Details
    • Contact for pricing
      400,000 SF

      Wappinger Plaza Retail Space

      Prime Dutchess County power center; high traffic.
      1490 9, Wappingers Falls, NY 12590
      View Details
    • $30 SF/Yr
      25,000 SF

      Patriots Park: Route 9 Retail/Office

      High-visibility retail & office spaces available.
      1557-1571 Us Highway 9, Wappingers Falls, NY 12590
      View Details
    • Contact for pricing
      220,712 SF

      Imperial Plaza Retail Space For Lease

      Prime Dutchess County retail space available.
      1548-1574 Route 9, Wappingers Falls, NY 12590
      View Details
    • $1,800 /Mo
      87,120 SF

      Wappingers Falls Office Suite

      Office suite with kitchen in multi-business complex for rent.
      2 Commerce Ct Unit, Wappingers Falls, NY 12590
      View Details
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    160 Airport Dr
    Wappingers Falls, NY 12590-6165
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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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