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

    21 Westage Dr Fishkill, NY 12524-2241

    • Turn key restaurants
    • 5,382 SF
    • 1.68 lot acres
    OFF-MARKET
    Last Sale
    Jan 04, 2024
    $2,900,000
    Value Estimations
    $2,830,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1939791
    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

    • ChargePoint Charging Station / Electric Vehicle Charging Station

    Property Details for 21 Westage Dr

    Year built
    2002
    Lot size
    1.68 lot acres
    Property size
    5,382 SF
    Zone code
    PSC
    Property type
    Turn key restaurants
    APN
    133089 6255-00-007635-0000
    APU
    9223372036854775807

    Description

    This exceptional restaurant property at 21 Westage Drive in Fishkill, NY, offers a prime opportunity for food service businesses. The single-tenant building boasts a generous 5,488 square feet of space, perfectly suited for a variety of culinary concepts. Situated on a 1.685-acre lot, the property benefits from its strategic location in a thriving commercial district, ensuring high visibility and accessibility. The area enjoys exceptional traffic counts, with 36,386 AADT on Route 9 and a remarkable 56,079 AADT on I-84. This high traffic volume is further enhanced by the property's immediate proximity to exit 46 of I-84 and its convenient location on Route 9. The surrounding area is home to a strong concentration of national retailers, including Walmart, Sam's Club, and a Hilton Garden Inn, creating a robust and established commercial environment. This location guarantees significant foot traffic and exposure to a large customer base. The property's size and location make it an ideal investment for experienced restaurateurs seeking a well-established and high-traffic location in a thriving commercial hub. The zip code is 12524.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,900,000
      ML approach
      $2,900,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,617,000
      Market price range: $398k - $2.62M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fishkill
    County
    Dutchess
    State
    New York
    Longitude
    -73.8944
    Latitude
    41.5263
    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
    $63,662
    $1,300,000
    $800,000
    $2,100,000
    -
    $1,300,000
    $800,000
    $2,100,000

    Comparable in this City

    • Value Estimation
      $405,000
      9,606 SF

      4 Merritt Blvd

      RESTAURANT • 9,606 SF
      4 Merritt Blvd, Fishkill, NY 12524-2943
      View Details
    • Value Estimation
      $330,000
      6,404 SF

      1106-1108 Main St

      RESTAURANT • 6,404 SF
      1106-1108 Main St, Fishkill, NY 12524
      View Details
    • Value Estimation
      $425,000
      5,475 SF

      701-703 Rte 9th 9

      RESTAURANT • 5,475 SF
      701-703 Rte 9th 9, Fishkill, NY 12524
      View Details
    • Value Estimation
      $255,000
      1,760 SF

      45 Elm St

      RESTAURANT • 1,760 SF
      45 Elm St, Fishkill, NY 12524-1803
      View Details
    • Value Estimation
      $475,000
      8,247 SF

      213 Rte 82

      RESTAURANT • 8,247 SF
      213 Rte 82, Fishkill, NY 12524-3031
      View Details
    • Value Estimation
      $580,000
      4,538 SF

      448 Rte 9th 9

      RESTAURANT • 4,538 SF
      448 Rte 9th 9, Fishkill, NY 12524-2961
      View Details

    Similar Nearby for Sale

    • $35,000
      0.04 Acres

      Turn-Key Cafe & Bakery Business

      Thriving cafe and bakery business for sale in Fishkill.
      19 Robinson St, Fishkill, NY 12524
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    • $3,500,000
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      Fishkill Retail Development Opportunity

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      Prime Retail Center, High Visibility
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    • $2,900,000
      30,000 SF

      Versatile Property in Fishkill, NY

      7.5-acre site with 30,000 SF building near I-84.
      1 Stage Door Rd, Fishkill, NY 12524
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      Retail Property in Fishkill, NY

      Charming retail property in historic Fishkill, New York.
      1610 Route 52, Fishkill, NY 12524
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    • $895,000
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      Fishkill, NY Retail Investment Opportunity

      Prime Retail Location, Development Potential
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    Similar Nearby for Lease

    • $2,100 /Mo
      1,742 SF

      Historic Firehouse in Fishkill Village

      Renovated historic firehouse, ideal for cafe, retail, or office.
      19 Robinson St, 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
    • $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
    • 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
    • $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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    21 Westage Dr
    Fishkill, NY 12524-2241
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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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