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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    400 Westage Business Ctr Dr Fishkill, NY 12524

    • Office buildings
    • 72,222 SF
    • 7.62 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1236201
    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

    • Arya Aditya / Medical Center
    • Hudson Valley Oral Surgery / Dentist
    • Hudson Valley Medical Research / Medical Clinic
    • Premier Medical Group - Internal Medicine Division / Medical Clinic
    • Dr. Suresh Chandani, MD / Family Practice Physician

    Property Details for 400 Westage Business Ctr Dr

    Year built
    1998
    Lot size
    7.62 lot acres
    Property size
    72,222 SF
    Zone code
    PSC
    Property type
    Office buildings
    APN
    133089 6155-00-955561-0000
    APU
    9223372036854775807

    Description

    This exceptional Class A medical office building, located at 400 Westage Business Center Drive in Fishkill, NY, offers 72,589 square feet of space within a single, two-story building. Built in 2003 and extensively renovated in 2021, the property boasts a desirable location with excellent visibility from I-84 and convenient access to Route 9. The 7.62-acre lot provides ample parking with 300 spaces. Currently, 19,754 square feet of space is available, divisible into units ranging from 3,000 to 11,934 contiguous square feet. The building features a 9-foot ceiling height, one elevator, and is zoned PSC. The property includes twenty suites in total. Two ground floor medical office suites are immediately available, partially fitted-out for easy conversion to various uses. The larger suite, previously occupied by DRA Imaging, offers the potential for division into two smaller suites. This prime location in southern Dutchess County benefits from a thriving mix of medical offices, general offices, big-box retailers, restaurants, hotels, and shopping. Annual property taxes are $5.80 per square foot. This is an unparalleled opportunity to establish or expand your medical practice in a vibrant and well-connected community. The building's recent renovation ensures modern amenities and a professional environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,067,000
      Market price range: $4.93M - $13.0M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $8,060,000
      Current use
      AUTO REPAIR, GARAGE
      $11,595,000
      Change: +44% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $9,915,000
      Change: +23% Conversion: Easy
      WAREHOUSE, STORAGE
      $7,930,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fishkill
    County
    Dutchess
    State
    New York
    Longitude
    -73.8963
    Latitude
    41.5243
    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
    $429,721
    $4,000,000
    $7,550,000
    $11,550,000
    -
    $4,000,000
    $7,550,000
    $11,550,000

    Comparable in this City

    • Value Estimation by Request
      7.80 Acres

      247 Rte 9th 9

      OFFICE BUILDING • 7.80 Acres
      247 Rte 9th 9, Fishkill, NY 12524-2964
      View Details
    • Value Estimation
      $675,000
      10,950 SF

      798 Rte 9th 9

      OFFICE BUILDING • 10,950 SF
      798 Rte 9th 9, Fishkill, NY 12524-1393
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    • Value Estimation
      $1,205,000
      25,552 SF

      1 Smt Ct

      OFFICE BUILDING • 25,552 SF
      1 Smt Ct, Fishkill, NY 12524-1370
      View Details
    • Value Estimation
      $1,890,000
      17,400 SF

      19-21 Old Main St

      OFFICE BUILDING • 17,400 SF
      19-21 Old Main St, Fishkill, NY 12524
      View Details
    • Value Estimation
      $3,130,000
      43,800 SF

      1769 Rte 52

      OFFICE BUILDING • 43,800 SF
      1769 Rte 52, Fishkill, NY 12524-3237
      View Details
    • Value Estimation
      $860,000
      19,272 SF

      1491 Rte 52

      OFFICE BUILDING • 19,272 SF
      1491 Rte 52, Fishkill, NY 12524-1634
      View Details

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    Similar Nearby for Lease

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      1,000 SF

      Fishkill Medical/Clerical Office Space

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    • $29 SF/Yr
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      Fishkill, NY Executive Office Suites

      Class A Office Space, Flexible Sizes Available
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      View Details
    • $18 SF/Yr
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      Prime Mixed-Use Space, Fishkill, NY

      Highly visible 10,000 sq ft space ideal for medical or retail.
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      Fishkill Retail/Office Opportunity

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      Versatile Office Space Available

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    • $2,666 /Mo

      Renovated Office Space For Lease

      Modern office space near I-84, ideal for growing businesses.
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      View Details
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    400 Westage Business Ctr Dr
    Fishkill, NY 12524
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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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