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    18 Westage Dr Fishkill, NY 12524
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    Property profile & analytics

    18 Westage Dr Fishkill, NY 12524

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    • Strip malls
    • 5,000 SF
    • 16.10 lot acres
    For Lease
    View Listing →
    Prime Retail Space in Fishkill For Lease
    Contact for pricing
    104,000 SF

    Prime Retail Space in Fishkill

    High-visibility shopping center near Route 9 and Interstate 84.

    18 Westage Dr, Fishkill, NY 12524
    View Listing
    Property ID
    US63-2318164
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hudson Buffet / Restaurant / Buffet
    • Famous Footwear Outlet / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
    • Hudson Valley Towne Center / Shopping Center & Mall
    • Gymkhana Cuisine Of India - Coming Soon / Restaurant
    • 18 North Grill / Restaurant

    Property Details for 18 Westage Dr

    Year built
    1991
    Lot size
    16.10 lot acres
    Property size
    5,000 SF
    Zone code
    PSC
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    133089 6255-00-009600-0000
    APU
    9223372036854775807

    Description

    The Hudson Valley Towne Center offers exceptional retail space in Fishkill, NY, at the intersection of Route 9 and Interstate 84. This 100,000 square foot shopping center boasts a strong tenant mix including Regal Cinemas (ten screens), Famous Footwear, Hearing Life, and several popular restaurants such as Chipotle and Five Guys. The center also features convenient amenities such as 12 Tesla Supercharger stations and a well-maintained, landscaped courtyard. Its strategic location provides high visibility and easy access, benefiting from proximity to a Super Walmart/Sam's Club, over 14 national hotels, and the world's largest single-user warehouse distribution center (Gap Warehouse - 2.7 million square feet). Adjacent office buildings add to the high traffic volume and diverse clientele. Multiple spaces are available, ranging from 2,932 to 4,733 contiguous square feet, with a total of 10,665 square feet currently vacant. Recent renovations, including new architectural towers and evening lighting, enhance the center's visibility and appeal. This is a unique opportunity to establish a presence in a thriving retail hub with excellent visibility and a strong customer base. The property offers ample parking and a welcoming atmosphere. Spaces are available for lease immediately.

    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
    -73.8944
    Latitude
    41.528
    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
    $397,890
    $3,600,000
    $9,525,000
    $13,125,000
    -
    $3,600,000
    $9,525,000
    $13,125,000

    Comparable in this City

    • Value Estimation by Request
      1.54 Acres

      584 Rte 9th 9

      SHOPPING CENTER, STRIP CENTER • 1.54 Acres
      584 Rte 9th 9, Fishkill, NY 12524-2226
      View Details
    • Value Estimation
      $710,000
      18,492 SF

      11 Merritt Blvd

      SHOPPING CENTER, STRIP CENTER • 18,492 SF
      11 Merritt Blvd, Fishkill, NY 12524-2947
      View Details
    • Value Estimation
      $1,915,000
      57,918 SF

      738 Rte 9th 9

      SHOPPING CENTER, STRIP CENTER • 57,918 SF
      738 Rte 9th 9, Fishkill, NY 12524-3800
      View Details
    • Value Estimation
      $840,000
      7,800 SF

      37 Elm St

      SHOPPING CENTER, STRIP CENTER • 7,800 SF
      37 Elm St, Fishkill, NY 12524-1852
      View Details
    • Value Estimation
      $700,000
      28,864 SF

      1004 Main St

      SHOPPING CENTER, STRIP CENTER • 28,864 SF
      1004 Main St, Fishkill, NY 12524-3509
      View Details
    • Value Estimation
      $1,705,000
      68,800 SF

      986 Main St

      SHOPPING CENTER, STRIP CENTER • 68,800 SF
      986 Main St, Fishkill, NY 12524-3507
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      1,745 SF

      Retail Space Near Major Retailers

      11,240 SF shopping center with ample parking.
      703 Us-9, Fishkill, NY 12524
      View Details
    • Contact for pricing

      Prime Retail Space in Fishkill

      High-visibility shopping center near Route 9 and Interstate 84.
      18 Westage Dr, Fishkill, NY 12524
      View Details
    • Contact for pricing
      5,488 SF

      Former Restaurant Space Available

      Freestanding 5,488 SF restaurant space for lease.
      21 Westage Dr, Fishkill, NY 12524
      View Details
    • $15 SF/Yr

      Prime Fishkill Commercial Space

      Highly visible 10,000 sq ft space in Fishkill.
      982 Main St, Fishkill, NY 12524
      View Details
    View Listing
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    Fishkill, NY 12524
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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.

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