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    2645 South Rd Poughkeepsie, NY 12601

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    2645 South Rd Poughkeepsie, NY 12601

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    • Office buildings
    • 15,585 SF
    • 5.51 lot acres
    For Lease
    $28 SF/Yr
    View Listing →
    Class A Office Building For Lease
    $28 SF/Yr
    15,585 SF

    Class A Office Building

    Class A office building for lease near Mid-Hudson Bridge.

    2645 South Rd, Poughkeepsie, NY 12601
    View Listing
    Property ID
    US63-6290143
    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

    • Charles Schwab / Financial Advisor
    • Valley Oil / Big Box & Wholesale Store
    • Kellogg Development Co / Real Estate Agency
    • Riverside / Corporate Office
    • Pc Construction / Construction Company

    Property Details for 2645 South Rd

    Year built
    1996
    Lot size
    5.51 lot acres
    Property size
    15,585 SF
    Zone code
    OR
    Property type
    Office buildings
    APN
    134689 6060-02-955876-0000
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $913,000
      Market price range: $352k - $1.08M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,310,000
      Current use
      WAREHOUSE, STORAGE
      $1,710,000
      Change: +31% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,540,000
      Change: +18% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,420,000
      Change: +9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Poughkeepsie
    County
    Dutchess
    State
    New York
    Longitude
    -73.9321
    Latitude
    41.6703
    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
    $133,638
    $987,400
    $838,600
    $1,826,000
    -
    $987,400
    $838,600
    $1,826,000

    Comparable in this City

    • Value Estimation
      $985,000
      8,100 SF

      46 Lincoln Ave

      PROFESSIONAL BUILDING • 8,100 SF
      46 Lincoln Ave, Poughkeepsie, NY 12601-4518
      View Details
    • Value Estimation
      $3,200,000
      100,000 SF

      1 Civic Ctr Plz

      OFFICE BUILDING • 100,000 SF
      1 Civic Ctr Plz, Poughkeepsie, NY 12601-3156
      View Details
    • Value Estimation
      $1,185,000
      36,624 SF

      22-26 Ibm Rd

      OFFICE BUILDING • 36,624 SF
      22-26 Ibm Rd, Poughkeepsie, NY 12601
      View Details
    • Value Estimation
      $3,120,000
      127,306 SF

      56 Enterprise Dr

      OFFICE BUILDING • 127,306 SF
      56 Enterprise Dr, Poughkeepsie, NY 12601
      View Details
    • Value Estimation
      $1,130,000
      8,584 SF

      69 Cedar St

      PROFESSIONAL BUILDING • 8,584 SF
      69 Cedar St, Poughkeepsie, NY 12601-1351
      View Details
    • Value Estimation
      $2,410,000
      27,760 SF

      80 Washington St

      PROFESSIONAL BUILDING • 27,760 SF
      80 Washington St, Poughkeepsie, NY 12601-2304
      View Details

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      Multi-tenant retail/office asset with development potential in Poughkeepsie.
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      297 Mill St, Poughkeepsie, NY 12601
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    • $1,900,000
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    Similar Nearby for Lease

    • Contact for pricing

      Premier Poughkeepsie Office/Retail/Medical Building

      Multi-tenant office/retail/medical building in Poughkeepsie's Central Business District.
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      View Details
    • Contact for pricing

      Class A Office Building

      Class A office building for lease near Mid-Hudson Bridge.
      2645 South Rd, Poughkeepsie, NY 12601
      View Details
    • $29 SF/Yr
      3,138 SF

      Downtown Poughkeepsie Office Suite

      650 sq ft office, prime location.
      63 Cannon St, Poughkeepsie, NY 12601
      View Details
    • $2,200 /Mo

      Poughkeepsie Office Space For Lease

      Five-room office space available in a secure Poughkeepsie building.
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      View Details
    View Listing
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    Poughkeepsie, NY 12601
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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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    2645 South Rd, Poughkeepsie, NY, 12601

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