Technical
Financial
Distress signals
Property profile

40 Vassar Rd Poughkeepsie, NY 12603

FOR LEASE
Strip malls
Property ID
US63-1085363
29,884 SF 3.32 ac lot Built 1970
Entity Owned 6-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

Located at 40 Vassar Road, Unit 4, within Red Oaks Mill Plaza in Poughkeepsie, NY, this space is configured as a neighborhood pub/bar venue. The premises feature plaza-facing frontage and access to shared parking in the plaza. The interior layout is arranged to support bar and lounge use, with amenities and setup typically associated with pub-style entertainment such as a game/entertainment area (e.g., pool and darts), sports viewing, and a staging configuration that supports karaoke and live-music-style events. The room arrangement also accommodates private parties and event-driven programming. The offering is described as including the operating business and certain included assets at the leased premises, while the real estate is stated as not included.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1970
Total area 29,884 SF
Lot 3.32 ac (144,619 SF)
Zoning code ROMNSC
APN 134689 6260-03-497247-0000
UPID US63-1085363

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Pharmacy
  • Training Center Sports School
  • Bar & Pub
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store

Location

40 Vassar Rd Poughkeepsie, NY 12603
Poughkeepsie metro Census 140700 POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.88M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.21M

Owner & transaction history

since 2020
Last sale
$3.8M
2 recorded transactions
2020
$3.8M
2018
$700,000

Zoning & alternative use

ROMNSC · Poughkeepsie, NY
Zoning description

This district defines the commercial hamlet center at Red Oaks Mills. The uses within this district are intended to provide convenient shopping facilities of sufficient variety to supply the daily requirements of adjacen…

General category COMMERCIAL
Top alternative use upside
Restaurant $3.7M +383.6%
Commercial (general) $2.9M +282.8%
Auto repair, garage $2.5M +226.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message