Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    698 Main St Poughkeepsie, NY 12601-3704

    • Bars
    • 2,610 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5715320
    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

    • Bars

    Property Details for 698 Main St

    Year built
    1890
    Lot size
    0.16 lot acres
    Property size
    2,610 SF
    Zone code
    C-2A
    Property type
    Bars
    Property subtype
    Pubs
    APN
    131300 6161-33-564864-0000
    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
    -73.9095
    Latitude
    41.6974
    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
    $55,000
    $0.00
    $55,000
    -
    $55,000
    $0.00
    $55,000

    Comparable in this City

    • Value Estimation by Request
      2,766 SF

      103 Parker Ave

      BAR, TAVERN • 2,766 SF
      103 Parker Ave, Poughkeepsie, NY 12601-1992
      View Details
    • Value Estimation by Request
      5,920 SF

      85 Main St

      BAR, TAVERN • 5,920 SF
      85 Main St, Poughkeepsie, NY 12601-2928
      View Details
    • Value Estimation by Request
      8,064 SF

      96 Main St

      BAR, TAVERN • 8,064 SF
      96 Main St, Poughkeepsie, NY 12601-2934
      View Details
    • Value Estimation by Request
      3,016 SF

      135 Ml St

      BAR, TAVERN • 3,016 SF
      135 Ml St, Poughkeepsie, NY 12601-2215
      View Details
    • Value Estimation by Request
      1,674 SF

      411 Main St

      BAR, TAVERN • 1,674 SF
      411 Main St, Poughkeepsie, NY 12601-3311
      View Details
    • Value Estimation by Request
      12,710 SF

      367 Main St

      NIGHTCLUB (COCKTAIL LOUNGE) • 12,710 SF
      367 Main St, Poughkeepsie, NY 12601-3315
      View Details

    Similar Nearby for Sale

    • $1,290,000
      0.08 Acres

      Mixed-Use Building in Downtown Poughkeepsie

      Mixed-use building with commercial and residential units in prime location.
      302-304 Main St, Poughkeepsie, NY 12601
      View Details
    • $1,295,000
      4.39 Acres

      Route 9D Commercial Land

      4.39 Acres, Prime Development Site
      240 Route 9D, Wappingers Falls, NY 12601
      View Details
    • $4,500,000
      1.17 Acres

      Multi-Tenant Asset in Growing District

      Retail/office asset with development potential in Poughkeepsie's Central Business District.
      347 Main St, Poughkeepsie, NY 12601
      View Details
    • $8,100,000
      45,000 SF

      Mid Hudson Professional Complex

      Prime Poughkeepsie Office Complex
      22 Ibm Rd, Poughkeepsie, NY 12601
      View Details
    • $595,000
      1,700 SF

      Poughkeepsie Retail Space - $595K

      1,700 SF Vacant Retail Building, High Visibility
      8 Ibm Rd, Poughkeepsie, NY 12601
      View Details
    • $1,750,000
      0.97 Acres

      Poughkeepsie CBD Development Opportunity

      Mixed-use property, high potential, in-place income.
      355 Mill St, Poughkeepsie, NY 12601
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      15,915 SF

      Downtown Poughkeepsie Multi-Tenant Building

      Prime Retail/Office Space Available
      412 Main St, Poughkeepsie, NY 12601
      View Details
    • Contact for pricing
      22,456 SF

      Prime Retail Space, Dutchess County

      High-traffic retail space available now.
      2521 South Rd, Poughkeepsie, NY 12601
      View Details
    • $19 SF/Yr
      3,768 SF

      Poughkeepsie Retail Space For Rent

      Prime location near convention center, ice arena, and hotel.
      233 Main St, Poughkeepsie, NY 12601
      View Details
    • $19 SF/Yr
      2,431 SF

      Poughkeepsie Restaurant and Retail Spaces

      Prime location near convention center, train, and parking.
      233 Main St, Poughkeepsie, NY 12601
      View Details
    • $18 SF/Yr
      102,086 SF

      ONE CIVIC CENTER PLAZA Office Space

      Poughkeepsie, NY Office Suites Available
      1 Civic Center Plz, Poughkeepsie, NY 12601
      View Details
    • Contact for pricing
      50,000 SF

      Hudson Plaza Retail Space, Poughkeepsie

      High-traffic retail space, ample parking.
      2585 South Rd, Poughkeepsie, NY 12601
      View Details

    Property Visit Statistics

    • Visits by month
      1.8k
    • Visitors by month
      2.0k
    • Avg Time on site
      23 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    698 Main St
    Poughkeepsie, NY 12601-3704
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.