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    Property profile & analytics

    2703 Main St Wappingers Falls, NY 12590-1971

    • Investment properties
    • 2,919 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Apr 01, 2021
    Value Estimations
    $515,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0378905
    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

    • The Hog / Take-out & Catering

    Property Details for 2703 Main St

    Year built
    1880
    Lot size
    0.17 lot acres
    Property size
    2,919 SF
    Zone code
    CB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    134601 6158-14-275361-0000
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $590,000
      6.5%
      $545,000
      7%
      $505,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $576,000
      Market price range: $297k - $576k
      AI Estimate
      $422,000
      Market price range: $158k - $422k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $405,000
      Current use
      AUTO REPAIR, GARAGE
      $470,000
      Change: +16% Conversion: Difficult
      OFFICE BUILDING
      $325,000
      Change: -19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Wappingers Falls
    County
    Dutchess
    State
    New York
    Longitude
    -73.9207
    Latitude
    41.6013
    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
    $0.00
    $87,200
    $523,800
    $611,000
    -
    $87,200
    $523,800
    $611,000

    Comparable in this City

    • Value Estimation by Request
      1,490 SF

      741 Sergeant Palmateer Way

      OFFICE/RESIDENTIAL (MIXED USE) • 1,490 SF
      741 Sergeant Palmateer Way, Wappingers Falls, NY 12590-4070
      View Details
    • Value Estimation
      $615,000
      5,572 SF

      70 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,572 SF
      70 Main St, Wappingers Falls, NY 12590-2542
      View Details
    • Value Estimation by Request
      1,914 SF

      2799 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,914 SF
      2799 Main St, Wappingers Falls, NY 12590-1577
      View Details
    • Value Estimation by Request
      4,416 SF

      2657 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,416 SF
      2657 Main St, Wappingers Falls, NY 12590-2454
      View Details
    • Value Estimation
      $950,000
      10,017 SF

      10 Market St

      OFFICE/RESIDENTIAL (MIXED USE) • 10,017 SF
      10 Market St, Wappingers Falls, NY 12590-2302
      View Details
    • Value Estimation by Request
      1,008 SF

      210 New Hackensack Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,008 SF
      210 New Hackensack Rd, Wappingers Falls, NY 12590-1401
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,208 SF

      Mixed-Use Commercial Property For Sale

      Mixed-use commercial property with office, warehouse, and industrial space.
      4 Delavergne Ave, Wappingers Falls, NY 12590
      View Details
    • $1,450,000
      10,858 SF

      Wappingers Falls Investment Property

      Mixed-use investment property featuring apartments, garages, and an office.
      7-13 Delavergne Ave, Wappingers Falls, NY 12590
      View Details
    • $345,000
      0.09 Acres

      Wappingers Falls Mixed-Use Land

      Land with high traffic count, ideal for multi-unit investment.
      2346 Route 9D, Wappingers Falls, NY 12590
      View Details
    • $99,000
      7.50 Acres

      Wappingers Falls Commercial Land Opportunity

      7.5 acres of commercial land on Route 376.
      Wappingers Falls, NY 12590
      View Details
    • $58,000
      0.35 Acres

      Residential Land in Wappingers Falls

      0.35-acre parcel in established neighborhood, walk to Hillside Lake.
      149 Sunset Dr, Wappingers Falls, NY 12590
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,800 SF

      Retail Space in Prime Location

      Retail space available in a shopping center with ample parking.
      1490 Us Highway 9, Wappingers Falls, NY 12590
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail spaces available for lease.
      1548-1574 Route 9, Wappingers Falls, NY 12590
      View Details
    • Contact for pricing

      Route 9 Retail/Office Property

      High-visibility retail and office spaces available on Route 9.
      1557-1571 Us Highway 9, Wappingers Falls, NY 12590
      View Details
    • Contact for pricing

      Wappingers Falls Commercial Space

      Commercial space available for rent in Wappingers Falls, NY.
      942 Ny-376, Wappingers Falls, NY 12590
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Wappingers Falls

      Retail space available in a busy shopping center.
      1572 Us Highway 9, Wappingers Falls, NY 12590
      View Details
    • Contact for pricing

      Retail Space in Wappingers Falls

      Retail spaces available near McDonald’s, CrossFit, and other businesses.
      962 Ny-376, Wappingers Falls, NY 12590
      View Details
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    Wappingers Falls, NY 12590-1971
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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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