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Property profile & analytics
FOR LEASE
Showrooms
21 Raymond Ave Poughkeepsie, NY 12603
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-4390250
For Lease
1 / 24
$31 SF/Yr
21 Raymond Ave, Poughkeepsie, NY 12603
View Listing →
Property summary
AI-generated overview
The Arlington, located at 21 Raymond Ave in Poughkeepsie, NY 12603, offers exceptional retail space within a thriving mixed-use development. This Class A property boasts a total of 5,167 square feet of commercial space, with one available unit ranging from 880 to 1,350 contiguous square feet. The building is situated on a highly visible corner lot at the intersection of Raymond Avenue and the Eastbound arterial, ensuring maximum exposure for your business. Benefit from the significant foot traffic generated by the 196 residential units (64 already completed) within The Arlington development, as well as the proximity to Vassar College and the surrounding community. This location offers unparalleled access to a vibrant customer base drawn to the neighborhood's restaurants, shops, and amenities. The available space is ideal for a variety of retail uses, providing a unique opportunity to establish a presence in a rapidly growing area of Dutchess County. The minimum divisible space is 880 square feet, while the maximum contiguous space available is 1,350 square feet. Don't miss this chance to secure a prime retail location in a dynamic and established community.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2022
Total area
49,311 SF
Lot
1.06 ac (46,174 SF)
Zoning code
ATC
APN
134689 6161-12-778745-0000
UPID
US63-4390250
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
Current use
Occupant on record · Public records
-
Nolita Boutique Clothing & Fashion Store
-
FIT SOCIAL Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.42M
Blend (final)
Blend
$4.43M
Owner & transaction history
Arthur May Redevhldg LLC · 3 yrs held
Arthur May Redevhldg LLC
since 2022
1 recorded transaction
Zoning & alternative use
ATC · Poughkeepsie, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,165,000
Current use
Blend value · Realmo final
$4.43M
Range $3.99M – $4.87M · ±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
$90 / 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
$3,500,000
Assessed 2023
Assessed land
$370,200
Assessed improvement
$3,129,800
Land market value
$370,200
Improvement market value
$3,129,800
Total market value
$3,500,000
Applied tax rate
134,601.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
2022
Cooling
CENTRAL
Stories
3
Total area
49,311 SF
Lot
1.06 ac (46,174 SF)
Zoning code
ATC
APN
134689 6161-12-778745-0000
UPID
US63-4390250
Jurisdiction
DUTCHESS
Zoning & alternative use
ATC · Poughkeepsie, NY
Zoning ATC · permitted uses
ATC · Poughkeepsie, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Poughkeepsie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$7.2M
COMMERCIAL (GENERAL) Current
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
2022
Cooling
Yes
Stories
3
Lot
1.06 ac
Current owner
From public records · entity-resolved
Arthur May Redevhldg LLC
Entity
Mailing address
32 PNE TREE DR, POUGHKEEPSIE, NY 12603-5224
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2022
—
Arthur May Redevhldg LLC
—
Deed
related
$19,063,933 · Ny Green Bank
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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