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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Showrooms
2748 Main St, Wappingers Falls, NY 12590-1580
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-2895851
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1890
Total area
2,983 SF
Lot
0.15 ac (6,534 SF)
Zoning code
RM1
APN
134601 6158-14-255473-0000
UPID
US63-2895851
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
-
Treasures of The Valley, LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$365k
Blend (final)
Blend
$565k
Owner & transaction history
Nelvin M Pena · 3 yrs held
Nelvin M Pena
since 2023
Last sale
$565,000
5 recorded transactions
Zoning & alternative use
RM1 · Wappingers Falls, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$480,000
+16.3%
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 Wappingers Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wappingers Falls 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
$590,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$410,000
Current use
AUTO REPAIR, GARAGE
$480,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $565k (Jan 9 2023)
Last sale anchor
$565k
Jan 9 2023
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
$189 / 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
$348,000
Assessed 2023
Previous assessed
$328,000
+6.1% YoY
Assessed land
$55,500
Assessed improvement
$292,500
Land market value
$55,500
Improvement market value
$292,500
Total market value
$348,000
Applied tax rate
135,601.0000
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
Off-Market
Year built
1890
Heating
HOT WATER
Stories
3
Bathrooms
3
Total area
2,983 SF
Lot
0.15 ac (6,534 SF)
Zoning code
RM1
APN
134601 6158-14-255473-0000
UPID
US63-2895851
Jurisdiction
DUTCHESS
Zoning & alternative use
RM1 · Wappingers Falls, NY
Zoning RM1 · permitted uses
RM1 · Wappingers Falls, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wappingers Falls. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$410,000
AUTO REPAIR, GARAGE
Est. value
$480,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1890
Heating
HOT WATER
Stories
3
Bathrooms
3
Lot
0.15 ac
Current owner
From public records · entity-resolved
Nelvin M Pena
Individual
Mailing address
1996 GLEASON AVE APT 4A, BRONX, NY 10472-5124
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2023
$565,000
Nelvin M Pena
Dpny Re Hldgs LLC
Deed
$542,836 · Plains Commerce Bank
Mar 22, 2019
—
Dpny Real Estate Holding LLC
Npnyre LLC
Warranty Deed
related
—
Nov 1, 2018
$125,750
Npnyre LLC
Pretium Mtg Acquisition T
Grant Deed
—
Dec 8, 2016
$319,991
Pretium Mortgage Acquisi Trust
Referee Of Dutchess County|todaro,joseph
Trustees Deed
related
—
—
—
Joseph Todaro
—
Deed Of Trust
related
$162,500 · J P Morgan Chase 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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