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    51 Vassar Rd Poughkeepsie, NY 12603
    Property profile & analytics

    51 Vassar Rd Poughkeepsie, NY 12603

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    • Commercial land
    • 3,840 SF
    • 4.58 lot acres
    For Sale
    $599,000
    View Listing →
    Poughkeepsie Development Site For Sale For Sale
    $599,000
    4.58 Acres

    Poughkeepsie Development Site For Sale

    4.58 acre development site in Poughkeepsie, New York.

    51 Vassar Rd, Poughkeepsie, NY 12603
    View Listing
    Property ID
    US63-2583156
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 51 Vassar Rd

    Year built
    1955
    Lot size
    4.58 lot acres
    Property size
    3,840 SF
    Zone code
    ROMNSC
    Property type
    Commercial land
    APN
    134689 6260-04-565213-0000
    APU
    9223372036854775807

    Description

    This exceptional 4.58-acre commercial and industrial development site is ideally situated at 51 Vassar Road in Poughkeepsie, New York, 12603. Boasting 237 feet of frontage on Vassar Road, this property offers unparalleled potential for a wide range of commercial ventures. Its convenient location provides easy access to US Route 9, placing it just eight minutes away from a major transportation artery. The zoning regulations permit a diverse array of uses, including retail spaces, office buildings, service businesses, restaurants, banks, post offices, health clubs, and laundromats, among other possibilities. This presents a unique opportunity for developers seeking a versatile and strategically located parcel in a thriving area. The asking price for this prime development land is $599,000. The property's size and zoning flexibility make it an attractive investment for those looking to capitalize on the growing commercial landscape of Poughkeepsie, within Dutchess County. Serious inquiries are encouraged to explore the full potential of this exceptional offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $455,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $780,000
      6.5%
      $720,000
      7%
      $665,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $688,000
      Market price range: $344k - $730k
      AI Estimate
      $467,000
      Market price range: $208k - $561k

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

    Location Insight

    • Map
    • Local Demand
    City
    Poughkeepsie
    County
    Dutchess
    State
    New York
    Longitude
    -73.8733
    Latitude
    41.6518
    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
    $30,584
    $548,100
    $0.00
    $548,100
    -
    $548,100
    $0.00
    $548,100

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    Similar Nearby for Sale

    • Contact for pricing

      Poughkeepsie Development Site For Sale

      4.58 acre development site suitable for various commercial uses.
      51 Vassar Rd, Poughkeepsie, NY 12603
      View Details
    • $599,000

      Poughkeepsie Development Site For Sale

      4.58 acre development site in Poughkeepsie, New York.
      51 Vassar Rd, Poughkeepsie, NY 12603
      View Details
    • Contact for pricing

      Poughkeepsie Industrial and Commercial Land

      Industrial warehouse and vacant commercial land available for sale.
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      Poughkeepsie Land for Sale

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    Similar Nearby for Lease

    • $1,100 /Mo

      Poughkeepsie Office Space for Lease

      Office space with private entrance, parking, and convenient location.
      2038 New Hackensack Rd, Poughkeepsie, NY 12603
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      1,000 SF

      Professional Office/Retail Space Available

      Office/retail suite with U.S. Route 9 access and visibility.
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      Arlington Diner Redevelopment Opportunity

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      Poughkeepsie Office Space for Rent

      Office space with private entrance, bathroom, and ample parking.
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    • $1,800 /Mo

      Poughkeepsie Apartment Near Vassar Road

      One-bedroom apartment in Poughkeepsie, close to amenities and roadways.
      616 Vassar Rd, Poughkeepsie, NY 12603
      View Details
    • $1,875 /Mo
      6,970 SF

      Retail Space in High Exposure

      Retail space in Poughkeepsie, near 44/55, high traffic area.
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    View Listing
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    Poughkeepsie, NY 12603
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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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    51 Vassar Rd, Poughkeepsie, NY, 12603
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