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Property profile & analytics
OFF-MARKET
Estimated value
$7,215,000
Office buildings
169 Myers Cors Rd, Wappingers Falls, NY 12590-3867
Individually Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-2783917
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
219,252 SF
Lot
30.82 ac (1,342,519 SF)
Zoning code
PI
APN
135689 6258-03-278358-0000
UPID
US63-2783917
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
$5.73M
Blend (final)
Blend
$7.22M
Owner & transaction history
Nicholas C Bienstock
Nicholas C Bienstock
5 recorded transactions
Zoning & alternative use
PI · Wappingers Falls, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$7.22M
Range $6.49M – $7.94M · ±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
$33 / 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
$67,023
Tax year 2020
Assessed value
$7,938,000
Assessed 2023
Previous assessed
$7,560,000
+5.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$2,500,000
Assessed improvement
$5,438,000
Land market value
$2,500,000
Improvement market value
$5,438,000
Total market value
$7,938,000
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
1984
Heating
NONE
Stories
2
Total area
219,252 SF
Lot
30.82 ac (1,342,519 SF)
Zoning code
PI
APN
135689 6258-03-278358-0000
UPID
US63-2783917
Jurisdiction
DUTCHESS
Zoning & alternative use
PI · Wappingers Falls, NY
Zoning PI · permitted uses
PI · 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.
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Stories
2
Lot
30.82 ac
Current owner
From public records · entity-resolved
Nicholas C Bienstock
Individual
Mailing address
430 PARK AVE FL #12, NEW YORK, NY 10022-3505
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Nicholas C Bienstock
—
Loan Modification
related
$3,165,000 · Sterling Nat'l Bk
—
—
165 Myers Corners Road LLC
—
Deed Of Trust
related
$76,755 · Sterling Nat'l Bk
—
—
165 Myers Corners Road LLC
—
Deed Of Trust
related
$2,000,000 · Manufacturers Traders & Trust
—
—
165 Myers Corners Road LLC
—
Deed Of Trust
related
$321,277 · Manufacturers Traders & Trust
—
—
165 Myers Corners Road LLC
—
Deed Of Trust
related
$1,000,000 · Manufacturers Traders & Trust
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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