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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Office buildings
55 Chestnut St, Rhinebeck, NY 12572-1516
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-3052079
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1900
Total area
2,783 SF
Lot
0.41 ac (17,860 SF)
Zoning code
R35
APN
135001 6170-15-629340-0000
UPID
US63-3052079
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
-
Law Offices Of Rodenhausen Chale LLP Law Firm
-
M Kayal Physician
-
James N. Gahn, MA Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$730k
Comparable Approach
Comparable
$502k
Blend (final)
Blend
$660k
Owner & transaction history
66 Chestnut Street LLC · 1 yrs held
66 Chestnut Street LLC
since 2025
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
R35 · Rhinebeck, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$445,000
+43.9%
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 Rhinebeck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rhinebeck 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%
$790,000
6.5%
$730,000
7%
$680,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$445,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $700k (Feb 20 2025)
Last sale anchor
$700k
Feb 20 2025
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
$237 / 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
Tax billed
$2,701
Tax year 2020
Assessed value
$717,100
Assessed 2023
Previous assessed
$676,500
+6.0% YoY
Effective rate
0.38%
On assessed value
Assessed land
$288,300
Assessed improvement
$428,800
Land market value
$288,300
Improvement market value
$428,800
Total market value
$717,100
Applied tax rate
135,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1900
Heating
NONE
Cooling
CENTRAL
Stories
2
Bathrooms
1
Total area
2,783 SF
Lot
0.41 ac (17,860 SF)
Zoning code
R35
APN
135001 6170-15-629340-0000
UPID
US63-3052079
Jurisdiction
DUTCHESS
Zoning & alternative use
R35 · Rhinebeck, NY
Zoning R35 · permitted uses
R35 · Rhinebeck, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rhinebeck. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$445,000
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
1900
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
66 Chestnut Street LLC
Entity
Mailing address
55 CHESTNUT ST, RHINEBECK, NY 12572-1516
Ownership since
2025
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
May 20, 2025
$700,000
66 Chestnut Street LLC
Waldman Fmly Real Hld LLC
Deed
$650,000 · Waldman Family Real H
Jan 4, 2019
—
Sondra A Cepeda
—
Deed
related
$362,092 · Quicken Lns
Dec 11, 2018
$640,000
55 Chestnut LLC
Kayal,nader
Grant Deed
$480,000 · Salisbury Bk&tr
Feb 15, 2013
—
M Nader Kayal
Kayal,m Nader & Maria B
Quit Claim Deed
related
—
—
—
Sondra A Cepeda
—
Deed Of Trust
related
$362,092 · Quicken Lns
—
—
M Nader Kayal
—
Deed Of Trust
related
$344,000 · Rbs Citizens Bank NA
—
—
M Nader Kayal
—
Deed Of Trust
related
$100,000 · Rbs Citizens Bank NA
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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