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    Property profile & analytics

    66 Forbus St Poughkeepsie, NY 12603-2721

    • Office buildings
    • 1,320 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    8.5%
    Office buildings
    Location Intelligence
    Property ID
    US63-0306518
    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

    • Lisa E. Hartley, P. C., Attorney and Counselor at law / Divorce Lawyer / Divorce Service

    Property Details for 66 Forbus St

    Year built
    1990
    Lot size
    0.24 lot acres
    Property size
    1,320 SF
    Zone code
    R-3
    Property type
    Office buildings
    APN
    131300 6161-32-404785-0000
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $375,000
      6.5%
      $345,000
      7%
      $320,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $177,000
      Market price range: $67.1k - $185k

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

    Location Insight

    • Map
    • Local Demand
    City
    Poughkeepsie
    County
    Dutchess
    State
    New York
    Longitude
    -73.9154
    Latitude
    41.6952
    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
    $67,100
    $172,800
    $239,900
    -
    $67,100
    $172,800
    $239,900

    Comparable in this City

    • Value Estimation
      $575,000
      3,289 SF

      27 Collegeview Ave

      PROFESSIONAL BUILDING • 3,289 SF
      27 Collegeview Ave, Poughkeepsie, NY 12603-2456
      View Details
    • Value Estimation
      $570,000
      3,872 SF

      21 Fairmont Ave

      OFFICE BUILDING • 3,872 SF
      21 Fairmont Ave, Poughkeepsie, NY 12603-2409
      View Details
    • Value Estimation
      $255,000
      2,950 SF

      389-391 Manchester Rd

      OFFICE BUILDING • 2,950 SF
      389-391 Manchester Rd, Poughkeepsie, NY 12603
      View Details
    • Value Estimation
      $845,000
      2,504 SF

      715 Freedom Plns Rd

      PROFESSIONAL BUILDING • 2,504 SF
      715 Freedom Plns Rd, Poughkeepsie, NY 12603-2688
      View Details
    • Value Estimation
      $980,000
      102,184 SF

      137 Boardman Rd

      OFFICE BUILDING • 102,184 SF
      137 Boardman Rd, Poughkeepsie, NY 12603-4821
      View Details
    • Value Estimation
      $285,000
      6,524 SF

      312 Titusville Rd

      OFFICE BUILDING • 6,524 SF
      312 Titusville Rd, Poughkeepsie, NY 12603-2937
      View Details

    Similar Nearby for Sale

    • $2,500,000
      24,510 SF

      Mediterranean-Style Former Mansion For Sale

      24,510 SF Mediterranean-style former mansion with versatile zoning.
      260 Boardman Rd, Poughkeepsie, NY 12603
      View Details
    • $4,975,000
      133,460 SF

      Poughkeepsie Industrial Complex

      133,460 SF Flex Warehouse, Vacant
      19 Tucker Dr, Arlington, NY 12603
      View Details
    • $550,000

      Centrally Located Warehouse with Office

      Warehouse with office space, workshop, and easy highway access.
      44 Manchester Rd, Poughkeepsie, NY 12603
      View Details
    • Contact for pricing
      1,500 SF

      Poughkeepsie Office Space for Lease

      1,500 SF Office, Net Lease, High Traffic
      661 Dutchess Tpke, Poughkeepsie, NY 12603
      View Details
    • $1,200,000
      1,960 SF

      Retail Property in Poughkeepsie

      Retail property for sale in Poughkeepsie, New York.
      816 Main St, Poughkeepsie, NY 12603
      View Details
    • $100,000

      Poughkeepsie Multifamily Property For Sale

      Multifamily property available for purchase in Poughkeepsie, New York.
      26 Cooper Rd, Poughkeepsie, NY 12603
      View Details

    Similar Nearby for Lease

    • $1,300 /Mo
      1,000 SF

      Professional Office/Retail Space Available

      Office/retail suite with U.S. Route 9 access and visibility.
      3 Spackenkill Rd, Poughkeepsie, NY 12603
      View Details
    • $19 SF/Yr
      900 SF

      Retail/Office Space For Lease

      Retail and office spaces available in Wappinger, NY.
      1821 Route 376, Poughkeepsie, NY 12603
      View Details
    • $1,100 /Mo

      Poughkeepsie Office Space for Lease

      Office space with private entrance, parking, and convenient location.
      2038 New Hackensack Rd, Poughkeepsie, NY 12603
      View Details
    • $35 SF/Yr
      2,400 SF

      Arlington Square Retail Space

      Prime Dutchess County Retail Opportunity
      718 Dutchess Tpke, Arlington, NY 12603
      View Details
    • $950 /Mo

      Office Suite Near Vassar College

      Office suite for rent near Vassar College.
      2 Lagrange 215, Poughkeepsie, NY 12603
      View Details
    • $250 SF/Yr

      Poughkeepsie Office Space For Rent

      Office space available for lease in Poughkeepsie, NY.
      383-385 Hooker Ave, Poughkeepsie, NY 12603
      View Details
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    66 Forbus St
    Poughkeepsie, NY 12603-2721
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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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