Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    235 Myers Cors Rd, Unit 241 Wappingers Falls, NY 12590-2100

    • Strip malls
    • 11,160 SF
    • 5.05 lot acres
    OFF-MARKET
    Last Sale
    Mar 22, 2022
    $2,600,000
    Value Estimations
    $2,570,000
    Show details
    Cap Rate Potential
    9.1%
    Strip malls
    Location Intelligence
    Property ID
    US63-2649683
    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

    • Strip malls

    Property Details for 235 Myers Cors Rd

    Year built
    1955
    Lot size
    5.05 lot acres
    Property size
    11,160 SF
    Zone code
    NB
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    135689 6258-02-759569-0000
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,215,000
      ML approach
      $2,315,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,370,000
      6.5%
      $3,110,000
      7%
      $2,885,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Wappingers Falls
    County
    Dutchess
    State
    New York
    Longitude
    -73.8661
    Latitude
    41.6069
    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
    $31,517
    $450,000
    $597,400
    $1,047,400
    -
    $450,000
    $597,400
    $1,047,400

    Comparable in this City

    • Value Estimation
      $1,265,000
      51,236 SF

      1812 Ss Rd, Unit 1840

      SHOPPING CENTER, STRIP CENTER • 51,236 SF
      1812 Ss Rd, Wappingers Falls, NY 12590-1359
      View Details
    • Value Estimation by Request
      16,500 SF

      1485 Rte 9d

      SHOPPING CENTER, STRIP CENTER • 16,500 SF
      1485 Rte 9d, Wappingers Falls, NY 12590-7167
      View Details
    • Value Estimation by Request
      11,090 SF

      1676 Rte 9th 9

      SHOPPING CENTER, STRIP CENTER • 11,090 SF
      1676 Rte 9th 9, Wappingers Falls, NY 12590-1356
      View Details
    • Value Estimation
      $11,625,000
      9,148 SF

      1557 Rte 9th, Unit 1571

      SHOPPING CENTER, STRIP CENTER • 9,148 SF
      1557 Rte 9th, Wappingers Falls, NY 12590-2861
      View Details
    • Value Estimation
      $1,365,000
      103,422 SF

      1570 Rte 9th 9

      SHOPPING CENTER, STRIP CENTER • 103,422 SF
      1570 Rte 9th 9, Wappingers Falls, NY 12590-2830
      View Details
    • Value Estimation by Request
      16,160 SF

      18 Chelsea Rdg Mall

      SHOPPING CENTER, STRIP CENTER • 16,160 SF
      18 Chelsea Rdg Mall, Wappingers Falls, NY 12590
      View Details

    Similar Nearby for Sale

    • $4,000,000
      7.60 Acres

      Route 9 Retail Redevelopment Opportunity

      High-yield retail/development site in Wappingers Falls, NY
      1105 Route 9, Wappingers Falls, NY 12590
      View Details
    • $1,250,000
      6,902 SF

      Prime Wappingers Falls Storefront

      6,902 SF Retail Space - Vacant
      787 Sergeant Palmateer Way, Wappingers Falls, NY 12590
      View Details
    • $2,900,000
      Pending

      Wappingers Falls Retail Building

      Well-maintained retail building on a bustling commercial corridor.
      1676 Route 9, Wappingers Falls, NY 12590
      View Details
    • $4,000,000
      7.60 Acres

      Fishkill, NY Redevelopment Site

      7.6-acre retail development opportunity.
      1105 Route 9, Fishkill, NY 12590
      View Details
    • $3,100,000
      19,500 SF

      Wappingers Falls Retail Center

      High-traffic retail investment opportunity.
      1289 South Rd, Wappingers Falls, NY 12590
      View Details
    • $689,000

      Mixed-Use Property with Apartments

      Mixed-use property featuring a store and two apartments.
      2748 W Main St, Poughkeepsie, NY 12590
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      400,000 SF

      Wappinger Plaza Retail Space

      Prime Dutchess County power center; high traffic.
      1490 9, Wappingers Falls, NY 12590
      View Details
    • $30 SF/Yr
      25,000 SF

      Patriots Park: Route 9 Retail/Office

      High-visibility retail & office spaces available.
      1557-1571 Us Highway 9, Wappingers Falls, NY 12590
      View Details
    • $15 SF/Yr
      59,233 SF

      Summerlin Plaza: Office Suites Available

      Dutchess County office space, multiple suites.
      942 Ny-376, Wappingers Falls, NY 12590
      View Details
    • Contact for pricing
      220,712 SF

      Imperial Plaza Retail Space For Lease

      Prime Dutchess County retail space available.
      1548-1574 Route 9, Wappingers Falls, NY 12590
      View Details
    • $24 SF/Yr
      1,308 SF

      Route 376 Retail Center Investment

      High-traffic retail space in Wappingers Falls, NY
      962 Ny-376, Wappingers Falls, NY 12590
      View Details
    • Contact for pricing
      58,574 SF

      Wappingers Falls Retail End Cap

      High-traffic Route 9 location, 22,198 SF available
      1701 Us Highway 9, Wappingers Falls, NY 12590
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    235 Myers Cors Rd, Unit 241
    Wappingers Falls, NY 12590-2100
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.