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Property profile & analytics
OFF-MARKET
Estimated value
$1,915,000
Warehouses
47 Patrick Ln, Poughkeepsie, NY 12603-2959
Entity Owned
13-yr Hold
Free & Clear
Property ID
US63-4211338
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Total area
29,470 SF
Lot
3.39 ac (147,668 SF)
Zoning code
MGH
APN
133400 6261-04-875251-0000
UPID
US63-4211338
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
-
United Refrigeration Inc Big Box & Wholesale Store
-
ProSource of Hudson Valley Building Supply Hardware & Home Improvement
-
Petro Home Services HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.92M
Owner & transaction history
Jpjr Holdings LLC · 13 yrs held
Jpjr Holdings LLC
since 2013
7 recorded transactions
Zoning & alternative use
MGH · Poughkeepsie, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,915,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.92M
Range $1.72M – $2.11M · ±10%
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
$65 / 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
$1,425,600
Assessed 2023
Previous assessed
$1,425,600
+0.0% YoY
Assessed land
$308,200
Assessed improvement
$1,117,400
Land market value
$432,855
Improvement market value
$1,569,345
Total market value
$2,002,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
29,470 SF
Lot
3.39 ac (147,668 SF)
Zoning code
MGH
APN
133400 6261-04-875251-0000
UPID
US63-4211338
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
AUTO REPAIR, GARAGE
Est. value
$2.9M
AUTO REPAIR, GARAGE
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
1981
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.39 ac
Current owner
From public records · entity-resolved
Jpjr Holdings LLC
Entity
Free & Clear · 13 yrs held
Mailing address
1613 RTE 300, NEWBURGH, NY 12550-1760
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2019
—
Building 925 LLC
—
Grant Deed
related
$2,275,638 · Orange Bk&tr Co
Mar 21, 2013
—
Jpjr Holdings LLC
Building 926 LLC
Grant Deed
—
Oct 23, 2012
—
Jpjr Holdings LLC
Building 926 LLC
Grant Deed
—
Apr 11, 2007
—
Building 926 LLC
Page Dev
Grant Deed
—
—
—
Building 925 LLC
—
Deed Of Trust
related
$2,110,000 · Providence Bank
—
—
926 LLC
—
Deed Of Trust
related
$847,000 · Provident Bank INC
—
—
926 LLC
—
Deed Of Trust
related
$964,715 · Provident Bank INC
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.
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