Individually Owned
No photos on file
For Sale
Contact for pricing
400 Westage Business Ctr Dr, Fishkill, NY 12524
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Property summary
AI-generated overview
The property consists of a medical office setting within the Westage Business Center building in Fishkill, New York. The building was renovated and is positioned in southern Dutchess County with visibility from I-84, near Route 9 and the Fishkill I-84 exit. Westage Business Center provides a mix of medical and general offices as well as retail, restaurant, hotel, and shopping uses, and includes two ground-floor medical office suites that are partially fit-up and suitable for a variety of uses. One suite, Suite 105, was previously used as DRA Imaging and provides 11,934 square feet; it is configured to be divisible into two smaller suites. The other ground-floor suite is also partially fit-up and designed for medical office use.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1998
Total area
72,222 SF
Lot
7.62 ac (331,927 SF)
Zoning code
PSC
APN
133089 6155-00-955561-0000
UPID
US63-1236201
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
-
Medical Clinic
-
Dental Office
-
Medical Clinic
-
Medical Clinic
-
Pediatrician Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.07M
Blend (final)
Blend
$8.32M
Owner & transaction history
Zoning & alternative use
PSC · Fishkill, NY
Top alternative use upside
Auto repair, garage
$11.6M
+43.9%
Commercial (general)
$9.9M
+23.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$8.32M
Value range
$7.49M – $9.15M
±10% around blend
Estimated value / SF
$115 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$7.49M
blend $8.32M
$9.15M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
72,222 SF
Lot area
7.62 ac
Year built
1998
Stories
2
APN
133089 6155-00-955561-0000
Zoning
PSC
Assessed value
$11,550,000
Annual tax
$429,721
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$9.07M
Range $4.93M – $13.03M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$8.32M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 59 sales
$112
+3%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $115/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+44%
vs current-use indication
Commercial (general)
Office Building · current use
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$11.55M
Move the market yield to see immediate price impact.
Value / SF
$160
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$728k
$14.55M
$10.39M
$8.09M
$809k
$16.17M
$11.55M
$8.98M
$889k
$17.79M
$12.70M
$9.88M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$429,721
Tax year 2020
Assessed value
$11,550,000
Assessed 2023
Previous assessed
$11,000,000
+5.0% YoY
Effective rate
3.72%
On assessed value
Assessed land
$4,000,000
Assessed improvement
$7,550,000
Land market value
$4,000,000
Improvement market value
$7,550,000
Total market value
$11,550,000
Applied tax rate
135,601.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Sale
Year built
1998
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
72,222 SF
Lot
7.62 ac (331,927 SF)
Zoning code
PSC
APN
133089 6155-00-955561-0000
UPID
US63-1236201
Jurisdiction
DUTCHESS
Zoning & alternative use
PSC · Fishkill, NYZoning PSC · permitted uses
PSC · Fishkill, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Cooling
Yes
Stories
2
Lot
7.62 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
PSC
Jurisdiction
Fishkill, NY
Recorded code
PSC
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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