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

    56 Main St Poughkeepsie, NY 12601

    • Office buildings
    • 3,624 SF
    • 0.38 lot acres
    For Lease
    View listing
    $4,200 /Mo
    Last Sale
    Jan 09, 2020
    $425,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2687942
    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

    • Luke Vincent Dagostino / Physician
    • The Art of Skin Dermatology- Poughkeepsie / Physician / Medical Clinic
    • Dr. Paul Dantzig / Physician / Medical Clinic
    • Tania Cohen DMSc, PA-C Dermatology / Physician / Medical Clinic

    Property Details for 56 Main St

    Year built
    1984
    Lot size
    0.38 lot acres
    Property size
    3,624 SF
    Zone code
    R-6
    Property type
    Office buildings
    APN
    131300 6062-75-805140-0000
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Poughkeepsie
    County
    Dutchess
    State
    New York
    Longitude
    -73.9375
    Latitude
    41.7051
    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
    $60,000
    $407,500
    $467,500
    -
    $60,000
    $407,500
    $467,500

    Comparable in this City

    • Value Estimation
      $985,000
      8,100 SF

      46 Lincoln Ave

      PROFESSIONAL BUILDING • 8,100 SF
      46 Lincoln Ave, Poughkeepsie, NY 12601-4518
      View Details
    • Value Estimation
      $3,200,000
      100,000 SF

      1 Civic Ctr Plz

      OFFICE BUILDING • 100,000 SF
      1 Civic Ctr Plz, Poughkeepsie, NY 12601-3156
      View Details
    • Value Estimation
      $1,185,000
      36,624 SF

      22-26 Ibm Rd

      OFFICE BUILDING • 36,624 SF
      22-26 Ibm Rd, Poughkeepsie, NY 12601
      View Details
    • Value Estimation
      $3,120,000
      127,306 SF

      56 Enterprise Dr

      OFFICE BUILDING • 127,306 SF
      56 Enterprise Dr, Poughkeepsie, NY 12601
      View Details
    • Value Estimation
      $1,130,000
      8,584 SF

      69 Cedar St

      PROFESSIONAL BUILDING • 8,584 SF
      69 Cedar St, Poughkeepsie, NY 12601-1351
      View Details
    • Value Estimation
      $2,410,000
      27,760 SF

      80 Washington St

      PROFESSIONAL BUILDING • 27,760 SF
      80 Washington St, Poughkeepsie, NY 12601-2304
      View Details

    Similar Nearby for Sale

    • $499,000
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      Poughkeepsie Office Building For Sale

      Office building in central business district, close to amenities.
      297 Mill St, Poughkeepsie, NY 12601
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    • $1,100,000
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      Two-Story Office/Retail Building

      Two-story office/retail building in Dutchess County's Central Business District.
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    • $4,500,000
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      Multi-Tenant Asset in Growing District

      Retail/office asset with development potential in Poughkeepsie's Central Business District.
      347 Main St, Poughkeepsie, NY 12601
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    • $995,000
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      Poughkeepsie Mixed-Use Building with Parking

      Two-story mixed-use building with updated office space and parking.
      176 Church St, Poughkeepsie, NY 12601
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    • $1,900,000
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      Class A Office/Industrial Building

      Updated commercial building with office and warehouse functionality.
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      Mixed-Use Building in Downtown Poughkeepsie

      Mixed-use building with commercial and residential units in prime location.
      302-304 Main St, Poughkeepsie, NY 12601
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    Similar Nearby for Lease

    • $334,400

      Poughkeepsie Professional Services Building For Rent

      Iconic building in Poughkeepsie's Central Business District with parking.
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    • $595,000
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      Poughkeepsie Commercial Building For Sale/Lease

      Commercial building for sale or lease in Poughkeepsie, New York.
      8 Ibm Rd, Poughkeepsie, NY 12601
      View Details
    • $10 SF/Yr
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      Downtown Poughkeepsie Multi-Tenant Building

      Prime Retail/Office Space Available
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    • $4,200 /Mo
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      Poughkeepsie Medical/Office Space for Rent

      Versatile commercial space ideal for medical or wellness practices.
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      Poughkeepsie Office Building, Hwy 44/55

      Prime Poughkeepsie Office Space, Excellent Location
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    • $24 SF/Yr
      30,000 SF

      40 Garden St Office Suites

      Poughkeepsie, NY: Class A Office Space
      40 Garden St, Poughkeepsie, NY 12601
      View Details
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    Poughkeepsie, NY 12601
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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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