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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Office buildings
17 Market St Poughkeepsie, NY 12601-3207
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-5831445
Property summary
AI-generated overview
This four-story, 10,800 square foot professional office building, located at 17 Market Street in Poughkeepsie, NY 12601, offers a unique opportunity for businesses seeking flexible and customizable space. Originally constructed in 1920, this former bank building boasts a prime location in the city's central business district (CBD), directly across from the Courthouse, DMV, and County Office Building, and near the Bardavon and Convention Center. The building features four suites, with a minimum divisible space of 1,800 square feet and a maximum contiguous space of 10,800 square feet. Currently, 12,800 square feet is available. Each floor offers its own elevator stop, allowing for single-story occupancy or the combination of multiple floors for larger tenants. The building sits on a 0.08-acre lot and is zoned PID - Retail/Office/Medical (APN: 131300-6162-77-038087-0000). Spaces are available built-to-suit, offering complete customization to meet individual tenant needs. This exceptional property presents a rare opportunity to establish a presence in a vibrant and convenient downtown location. The building's history and prominent location provide a prestigious address for any business. Contact us today to learn more about leasing opportunities.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1842
Total area
7,172 SF
Lot
0.08 ac (3,485 SF)
Zoning code
C-2
APN
131300 6162-77-038087-0000
UPID
US63-5831445
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
$860k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$884k
Blend (final)
Blend
$920k
Owner & transaction history
Carta Romana LLC · 3 yrs held
Carta Romana LLC
since 2022
Last sale
$1.0M
6 recorded transactions
Zoning & alternative use
C-2 · Poughkeepsie, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$785,000
+30.6%
Auto repair, garage
$710,000
+17.7%
Commercial (general)
$655,000
+8.5%
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 Poughkeepsie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Poughkeepsie 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
$850,000
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$605,000
Current use
WAREHOUSE, STORAGE
$785,000
Change: +31% · Conversion: Difficult
AUTO REPAIR, GARAGE
$710,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$655,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $1.00M (Sep 9 2022)
Last sale anchor
$1.00M
Sep 9 2022
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
$128 / 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
Assessed value
$1,000,000
Assessed 2023
Previous assessed
$678,900
+47.3% YoY
Assessed land
$53,500
Assessed improvement
$946,500
Land market value
$53,500
Improvement market value
$946,500
Total market value
$1,000,000
Applied tax rate
131,300.0000
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
1842
Heating
NONE
Cooling
CENTRAL
Stories
4
Total area
7,172 SF
Lot
0.08 ac (3,485 SF)
Zoning code
C-2
APN
131300 6162-77-038087-0000
UPID
US63-5831445
Jurisdiction
DUTCHESS
Zoning & alternative use
C-2 · Poughkeepsie, NYZoning C-2 · permitted uses
C-2 · Poughkeepsie, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$605,000
WAREHOUSE, STORAGE
Est. value
$785,000
AUTO REPAIR, GARAGE
Est. value
$710,000
COMMERCIAL (GENERAL)
Est. value
$655,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
1842
Heating
NONE
Cooling
Yes
Stories
4
Lot
0.08 ac
Current owner
From public records · entity-resolved
Carta Romana LLC
Entity
Free & Clear · 3 yrs held
Mailing address
13 BENEDICT RD, COLD SPRING, NY 10516-2916
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2022
$1,000,000
Carta Romana LLC
17 Market Partners LLC
Deed
—
Dec 16, 2019
$850,000
17 Market Partners LLC
Jaole 17 Market Street Realty
Grant Deed
—
Jun 30, 2017
$465,000
Jaole 17 Market St Realty
Marhare Market LLC
Grant Deed
$372,000 · Rondout Svgs Bk
May 17, 2011
$235,000
Marhare Market LLC
Wld Realty Associates LLC
Grant Deed
$100,000 · Wld Realty Associates LLC
Mar 13, 2008
—
Wld Realty Assoc LLC
Atfh Real Property LLC
Quit Claim Deed
—
Mar 13, 2008
$6,616
Jw Liens LLC
City Of Poughkeepsie
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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