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

    2 Old Rte 9th W Fishkill, NY 12524

    • Amusement parks
    • 1,830 SF
    • 3.31 lot acres
    OFF-MARKET
    Last Sale
    Jun 18, 2024
    Value Estimations
    $430,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1950089
    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

    • Amusement parks

    Property Details for 2 Old Rte 9th W

    Year built
    1984
    Lot size
    3.31 lot acres
    Property size
    1,830 SF
    Zone code
    GB
    Property type
    Amusement parks
    APN
    133089 6156-04-717443-0000
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $400,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $457,000
      Market price range: $71.1k - $458k

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

    Location Insight

    • Map
    • Local Demand
    City
    Fishkill
    County
    Dutchess
    State
    New York
    Longitude
    -73.9051
    Latitude
    41.5483
    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
    $50,890
    $900,000
    $780,000
    $1,680,000
    -
    $900,000
    $780,000
    $1,680,000

    Comparable in this City

    • Value Estimation
      $10,000,000
      384 SF

      16 Old Rte 9th W

      AMUSEMENT PARK • 384 SF
      16 Old Rte 9th W, Fishkill, NY 12524-2535
      View Details
    • Value Estimation
      $445,000
      18,200 SF

      4 Old Rte 9th W

      AMUSEMENT PARK • 18,200 SF
      4 Old Rte 9th W, Fishkill, NY 12524-2535
      View Details
    • Value Estimation
      $2,240,000
      40,640 SF

      110 Rte 82

      BOWLING ALLEY • 40,640 SF
      110 Rte 82, Fishkill, NY 12524-3022
      View Details
    • Value Estimation
      $310,000
      3,600 SF

      378 Cedar Hl Rd

      STADIUM • 3,600 SF
      378 Cedar Hl Rd, Fishkill, NY 12524
      View Details
    • Value Estimation
      $375,000
      3,400 SF

      395 Cary Rd

      RECREATIONAL, ENTERTAINMENT • 3,400 SF
      395 Cary Rd, Fishkill, NY 12524
      View Details
    • Value Estimation
      $425,000
      2,968 SF

      387 Rte 9th, Unit 485

      RECREATIONAL, ENTERTAINMENT • 2,968 SF
      387 Rte 9th, Fishkill, NY 12524-2963
      View Details

    Similar Nearby for Sale

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      Fishkill Industrial Land - 4.2 Acres

      Prime Fishkill location, zoned for diverse development.
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      Prime Fishkill Commercial Land

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      Home with great room, modern kitchen, and primary bedroom suite.
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      Established Mobile Home Park Investment

      Mobile home park with 12 homes and 1 cottage.
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      Home with top-tier design, desirable location, and wooded views.
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    • $510,000
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      Residential Land in Fishkill, NY

      Large residential property with approved plans in Fishkill, NY.
      1784 Route 52, Fishkill, NY 12524
      View Details

    Similar Nearby for Lease

    • $216 SF/Yr
      800 SF

      Fishkill Retail Space - Route 52

      Prime Route 52 Restaurant Space Available
      845 Ny-52, Fishkill, NY 12524
      View Details
    • $25 SF/Yr
      100,000 SF

      Fishkill Retail Space Available

      Prime Fishkill location, multiple spaces
      18 Westage Dr, Fishkill, NY 12524
      View Details
    • $2,000 /Mo
      1,000 SF

      Fishkill Medical/Clerical Office Space

      Medical/clerical office spaces for lease in Fishkill, NY.
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      View Details
    • Contact for pricing
      80 SF

      Renovated Retail and Warehouse Space

      Retail and warehouse space for lease in Fishkill, New York.
      1004 Main St, Fishkill, NY 12524
      View Details
    • $29 SF/Yr
      120,000 SF

      Fishkill, NY Executive Office Suites

      Class A Office Space, Flexible Sizes Available
      300 Westage Business Ctr Dr, Fishkill, NY 12524
      View Details
    • $2,600 /Mo
      1,500 SF

      Mixed-Use Building in Fishkill

      Two-story residential/commercial building in Fishkill's Main Street district.
      889 Main St, Fishkill, NY 12524
      View Details
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    2 Old Rte 9th W
    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.

    More about this property
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