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Property profile & analytics
FOR LEASE
Office buildings
3 Neptune Rd Poughkeepsie, NY 12601
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-0877869
For Lease
1 / 5
Contact for pricing
3 Neptune Rd, Poughkeepsie, NY 12601
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
68,900 SF
Lot
4.77 ac (207,781 SF)
Zoning code
BH
APN
134689 6159-01-199881-0000
UPID
US63-0877869
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
-
Kasselman Solar Solar Energy Equipment Supplier Solar Energy Company
-
K Etts Plumbing & Heating Plumbing Service General Contractor
-
Dutchess Tourism, Inc. Travel Agency
-
The Law Office of John J Evans, PLLC Law Firm
-
The Law Office of Dena Ghobashy PLLC Law Firm Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.50M
Blend (final)
Blend
$3.51M
Owner & transaction history
Prime Storage Neptune LLC · 2 yrs held
Prime Storage Neptune LLC
since 2024
Last sale
$3.5M
3 recorded transactions
Zoning & alternative use
BH · Poughkeepsie, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,505,000
ML approach
$3,505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,795,000
Current use
Blend value · Realmo final
$3.51M
Range $3.15M – $3.86M · ±10% · vs last sale $3.50M (Mar 1 2024)
Last sale anchor
$3.50M
Mar 1 2024
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
$51 / 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
Tax billed
$198,927
Tax year 2020
Assessed value
$2,834,000
Assessed 2023
Previous assessed
$2,834,000
+0.0% YoY
Effective rate
7.02%
On assessed value
Assessed land
$767,600
Assessed improvement
$2,066,400
Land market value
$767,600
Improvement market value
$2,066,400
Total market value
$2,834,000
Applied tax rate
134,602.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1986
Heating
NONE
Stories
2
Total area
68,900 SF
Lot
4.77 ac (207,781 SF)
Zoning code
BH
APN
134689 6159-01-199881-0000
UPID
US63-0877869
Jurisdiction
DUTCHESS
Zoning & alternative use
BH · Poughkeepsie, NYZoning BH · permitted uses
BH · Poughkeepsie, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.8M
OFFICE BUILDING Current
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
1986
Heating
NONE
Stories
2
Lot
4.77 ac
Current owner
From public records · entity-resolved
Prime Storage Neptune LLC
Entity
Mailing address
83 RAILROAD PL #85, SARATOGA SPRINGS, NY 12866-2124
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2024
$3,504,000
Prime Storage Neptune LLC
Guardian Self Strge E LLC
Deed
$8,053,600 · Citi Real Estate Funding
Dec 30, 2009
—
Guardian Self Storage Eas
Redl,sue A
Grant Deed
related
—
Jan 29, 2009
—
Guardian Self Storage East LLC
Redl,herbert H
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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