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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Showrooms
299 Main St, Poughkeepsie, NY 12601-3144
Entity Owned
5-yr Hold
Free & Clear
Property ID
US63-2448328
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1872
Total area
8,933 SF
Lot
0.08 ac (3,485 SF)
Zoning code
C-2
APN
131300 6162-77-088091-0000
UPID
US63-2448328
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
-
Braids by Chris Hair Salon
-
Quick Arbitration & Mediation Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.02M
Owner & transaction history
Jms 299 Main LLC · 5 yrs held
Jms 299 Main LLC
since 2020
6 recorded transactions
Zoning & alternative use
C-2 · Poughkeepsie, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$980,000
+20.3%
Auto repair, garage
$885,000
+8.4%
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 Poughkeepsie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Poughkeepsie 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$815,000
Current use
WAREHOUSE, STORAGE
$980,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$885,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$750,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10%
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
$114 / 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
$1,159,000
Assessed 2023
Previous assessed
$421,200
+175.2% YoY
Assessed land
$55,600
Assessed improvement
$1,103,400
Land market value
$55,600
Improvement market value
$1,103,400
Total market value
$1,159,000
Applied tax rate
131,300.0000
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
1872
Heating
NONE
Cooling
CENTRAL
Stories
4
Total area
8,933 SF
Lot
0.08 ac (3,485 SF)
Zoning code
C-2
APN
131300 6162-77-088091-0000
UPID
US63-2448328
Jurisdiction
DUTCHESS
Zoning & alternative use
C-2 · Poughkeepsie, NY
Zoning C-2 · permitted uses
C-2 · Poughkeepsie, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Poughkeepsie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$815,000
WAREHOUSE, STORAGE
Est. value
$980,000
AUTO REPAIR, GARAGE
Est. value
$885,000
OFFICE BUILDING
Est. value
$750,000
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1872
Heating
NONE
Cooling
Yes
Stories
4
Lot
0.08 ac
Current owner
From public records · entity-resolved
Jms 299 Main LLC
Entity
Free & Clear · 5 yrs held
Mailing address
225 BROADWAY STE #1300, NEW YORK, NY 10007-3700
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2020
$380,000
Jms 299 Main LLC
299 Main St Poughkeepsie LLC
Quit Claim Deed
related
—
Dec 31, 2019
—
Lisa Aronson
Mark Pastreich
Grant Deed
—
Aug 15, 2017
—
299 Main Street Poughkeep
Pastreich,mark
Grant Deed
—
Sep 30, 2016
$1,473
Mark Pastreich
299 Main Dev LLC
Tax Deed
—
Mar 30, 2011
$300,000
299 Main Dev LLC
Moore,patrick F
Grant Deed
—
—
—
299 Main Dev LLC
—
Deed Of Trust
related
$408,000 · Riverside 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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