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

    423 Manchester Rd Poughkeepsie, NY 12603-2572

    • Strip malls
    • 6,043 SF
    • 0.68 lot acres
    OFF-MARKET
    Last Sale
    Nov 20, 2020
    $550,000
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5179395
    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

    • VAN WYCK DELI / Food Market / Restaurant
    • Van Wyck General Store / Food Market / Restaurant
    • Gulf / Gas Station
    • LibertyX Bitcoin ATM / Atm
    • Cardtronics ATM / Atm

    Property Details for 423 Manchester Rd

    Year built
    1950
    Lot size
    0.68 lot acres
    Property size
    6,043 SF
    Zone code
    MGH
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    133400 6261-04-912337-0000
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $460,000
      ML approach
      $455,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $755,000
      COMMERCIAL (GENERAL)
      $595,000
      AUTO REPAIR, GARAGE
      $510,000
      RETAIL STORES
      $460,000
      OFFICE BUILDING
      $450,000
      MEDICAL BUILDING
      $380,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Poughkeepsie
    County
    Dutchess
    State
    New York
    Longitude
    -73.8602
    Latitude
    41.6828
    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
    $0.00
    $102,400
    $427,500
    $529,900
    -
    $143,812
    $600,388
    $744,200

    Comparable in this City

    • Value Estimation by Request
      7,004 SF

      712 Dutchess Tpke

      SHOPPING CENTER, STRIP CENTER • 7,004 SF
      712 Dutchess Tpke, Poughkeepsie, NY 12603-6427
      View Details
    • Value Estimation by Request
      5,850 SF

      250 Hooker Ave

      SHOPPING CENTER, STRIP CENTER • 5,850 SF
      250 Hooker Ave, Poughkeepsie, NY 12603-3012
      View Details
    • Value Estimation
      $930,000
      19,200 SF

      425 Manchester Rd

      SHOPPING CENTER, STRIP CENTER • 19,200 SF
      425 Manchester Rd, Poughkeepsie, NY 12603-2579
      View Details
    • Value Estimation
      $610,000
      28,378 SF

      43 Vassar Rd

      SHOPPING CENTER, STRIP CENTER • 28,378 SF
      43 Vassar Rd, Poughkeepsie, NY 12603-5458
      View Details
    • Value Estimation
      $790,000
      24,020 SF

      621 Dutchess Tpke, Unit 645

      SHOPPING CENTER, STRIP CENTER • 24,020 SF
      621 Dutchess Tpke, Poughkeepsie, NY 12603-1920
      View Details
    • Value Estimation by Request
      4,800 SF

      30-32 Vassar Rd

      SHOPPING CENTER, STRIP CENTER • 4,800 SF
      30-32 Vassar Rd, Poughkeepsie, NY 12603
      View Details

    Similar Nearby for Sale

    • $750,000
      0.47 Acres

      Poughkeepsie Retail Investment Opportunity

      Single-story brick building with high traffic and investment potential.
      794 Dutchess Tpke, Poughkeepsie, NY 12603
      View Details
    • $1,200,000
      1,960 SF

      Retail Property in Poughkeepsie

      Retail property for sale in Poughkeepsie, New York.
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      Lagrange Mixed-Use Investment Opportunity

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    • $225,000
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      Prime Poughkeepsie Retail Opportunity

      Established Pizzeria with Equipment
      47 Vassar Rd, Poughkeepsie, NY 12603
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      4,000 SF

      Prime Arlington Retail Site

      Former diner, redevelopment opportunity
      805 Dutchess Tpke, Arlington, NY 12603
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    • $199,999
      1,500 SF

      Turn-Key Pub in Dutchess County

      Established pub for sale with loyal clientele and prime leasing.
      40 Vassar Rd, Poughkeepsie, NY 12603
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    Similar Nearby for Lease

    • Contact for pricing
      182,345 SF

      Poughkeepsie Plaza Retail Space

      High-traffic power center; spaces available.
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    • Contact for pricing
      11,000 SF

      Retail Space in Plaza 44

      Highly accessible retail space in a busy shopping center.
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      View Details
    • Contact for pricing
      1,000 SF

      Professional Office/Retail Space Available

      Office/retail suite with U.S. Route 9 access and visibility.
      3 Spackenkill Rd, Poughkeepsie, NY 12603
      View Details
    • Contact for pricing
      900 SF

      Retail/Office Space For Lease

      Retail and office spaces available in Wappinger, NY.
      1821 Route 376, Poughkeepsie, NY 12603
      View Details
    • $22 SF/Yr

      Retail Space on Main Street

      Retail space available for rent on Main Street.
      825 Main St, Poughkeepsie, NY 12603
      View Details
    • $35 SF/Yr
      2,400 SF

      Arlington Square Retail Space

      Prime Dutchess County Retail Opportunity
      718 Dutchess Tpke, Arlington, NY 12603
      View Details

    Property Visit Statistics

    • Visits by month
      9.9k
    • Visitors by month
      6.6k
    • Avg Time on site
      11 min
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    423 Manchester Rd
    Poughkeepsie, NY 12603-2572
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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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