Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Strip malls
423 Manchester Rd Poughkeepsie, NY 12603-2572
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US63-5179395
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1950
Total area
6,043 SF
Lot
0.68 ac (29,621 SF)
Zoning code
MGH
APN
133400 6261-04-912337-0000
UPID
US63-5179395
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
-
VAN WYCK DELI Food Market Restaurant
-
Van Wyck General Store Food Market Restaurant
-
Gulf Gas Station
-
LibertyX Bitcoin ATM Atm
-
Cardtronics ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Jj Equity Holdings LLC · 9 yrs held
Jj Equity Holdings LLC
since 2017
Last sale
$550,000
5 recorded transactions
Zoning & alternative use
MGH · Poughkeepsie, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$755,000
+383.6%
Commercial (general)
$595,000
+282.8%
Auto repair, garage
$510,000
+226.2%
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
$460,000
ML approach
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$755,000
Change: +384% · Conversion: Difficult
COMMERCIAL (GENERAL)
$595,000
Change: +283% · Conversion: Easy
AUTO REPAIR, GARAGE
$510,000
Change: +226% · Conversion: Difficult
RETAIL STORES
$460,000
Change: +197% · Conversion: Easy
OFFICE BUILDING
$450,000
Change: +190% · Conversion: Moderate
MEDICAL BUILDING
$380,000
Change: +144% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $550k (Nov 20 2020)
Last sale anchor
$550k
Nov 20 2020
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
$84 / 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
Assessed value
$529,900
Assessed 2023
Previous assessed
$529,900
+0.0% YoY
Assessed land
$102,400
Assessed improvement
$427,500
Land market value
$143,812
Improvement market value
$600,388
Total market value
$744,200
Applied tax rate
134,601.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1950
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
6,043 SF
Lot
0.68 ac (29,621 SF)
Zoning code
MGH
APN
133400 6261-04-912337-0000
UPID
US63-5179395
Jurisdiction
DUTCHESS
Zoning & alternative use
MGH · Poughkeepsie, NY
Zoning MGH · permitted uses
MGH · Poughkeepsie, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Poughkeepsie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$755,000
COMMERCIAL (GENERAL)
Est. value
$595,000
AUTO REPAIR, GARAGE
Est. value
$510,000
RETAIL STORES
Est. value
$460,000
OFFICE BUILDING
Est. value
$450,000
MEDICAL BUILDING
Est. value
$380,000
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
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
1950
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.68 ac
Current owner
From public records · entity-resolved
Jj Equity Holdings LLC
Entity
Mailing address
423 MANCHESTER RD, POUGHKEEPSIE, NY 12603-2572
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2020
—
Annie Lu Corp
—
Deed
related
$550,000 · Manchester Mtg
Feb 2, 2017
$550,000
Jj Equity Holdings LLC
Annie Lu Corp
Grant Deed
$550,000 · Annie Lu Corp
Jun 4, 2014
$500,000
Annie Lu Corp
Grace Lu LLC
Grant Deed
—
Aug 5, 2008
$600,000
Grace Lu LLC
Jmk LLC
Grant Deed
—
—
—
Annie Lu Corp
—
Loan Modification
related
$550,000 · Manchester Mtg
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 423 Manchester Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
