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

    708 Main St Poughkeepsie, NY 12603-1818

    • Investment properties
    • 1,260 SF
    • 0.22 lot acres
    OFF-MARKET
    Last Sale
    May 19, 2021
    $150,000
    Value Estimations
    $200,000
    Show details
    Cap Rate Potential
    9.3%
    Investment properties
    Location Intelligence
    Property ID
    US63-0417632
    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

    • Musa Auto Sales / Car Dealer

    Property Details for 708 Main St

    Year built
    1972
    Lot size
    0.22 lot acres
    Property size
    1,260 SF
    Zone code
    C-2A
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    131300 6161-33-596856-0000
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $165,000
      ML approach
      $155,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $255,000
      6.5%
      $235,000
      7%
      $220,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $239,000
      Market price range: $113k - $240k
      AI Estimate
      $184,000
      Market price range: $68.4k - $184k

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

    Location Insight

    • Map
    • Local Demand
    City
    Poughkeepsie
    County
    Dutchess
    State
    New York
    Longitude
    -73.9083
    Latitude
    41.6972
    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
    $81,400
    $138,600
    $220,000
    -
    $81,400
    $138,600
    $220,000

    Comparable in this City

    • Value Estimation
      $475,000
      4,000 SF

      684 Dutchess Tpke

      STORE/OFFICE (MIXED USE) • 4,000 SF
      684 Dutchess Tpke, Poughkeepsie, NY 12603-6441
      View Details
    • Value Estimation
      $620,000
      4,000 SF

      794 Dutchess Tpke

      STORE/OFFICE (MIXED USE) • 4,000 SF
      794 Dutchess Tpke, Poughkeepsie, NY 12603-2050
      View Details
    • Value Estimation
      $770,000
      4,498 SF

      807 Main St

      STORE/OFFICE (MIXED USE) • 4,498 SF
      807 Main St, Poughkeepsie, NY 12603-1826
      View Details
    • Value Estimation
      $825,000
      6,289 SF

      10 Raymond Ave

      STORE/OFFICE (MIXED USE) • 6,289 SF
      10 Raymond Ave, Poughkeepsie, NY 12603-2383
      View Details
    • Value Estimation
      $415,000
      3,303 SF

      681 Dutchess Tpke

      STORE/OFFICE (MIXED USE) • 3,303 SF
      681 Dutchess Tpke, Poughkeepsie, NY 12603-6437
      View Details
    • Value Estimation
      $275,000
      3,321 SF

      722 Main St

      STORE/OFFICE (MIXED USE) • 3,321 SF
      722 Main St, Poughkeepsie, NY 12603-1818
      View Details

    Similar Nearby for Sale

    • $450,000
      Pending

      Charming Duplex Near Vassar College

      Duplex near Vassar College, ideal for investors or owner-occupants.
      115 Fulton Ave, 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
    • $100,000

      Two Parcels Totaling 1.96 Acres

      Two parcels totaling 1.96 acres in Union Vale/LaGrange, NY.
      E Noxon Rd, Lagrangeville, NY 12603
      View Details
    • $599,000
      4.58 Acres

      Poughkeepsie Development Land - $599K

      4.58 Acres, Prime Commercial Location
      51 Vassar 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

    Similar Nearby for Lease

    • $35 SF/Yr
      2,400 SF

      Arlington Square Retail Space

      Prime Dutchess County Retail Opportunity
      718 Dutchess Tpke, Arlington, NY 12603
      View Details
    • $9 SF/Yr
      14,688 SF

      Poughkeepsie Catering Venue For Lease

      Established Restaurant, Golf Course Location
      155 Wilbur Blvd, Poughkeepsie, NY 12603
      View Details
    • Contact for pricing
      4,000 SF

      Arlington Diner Redevelopment Opportunity

      Prime 4,000 SF Retail Site, 1.8 Acres
      805 Dutchess Tpke, Arlington, NY 12603
      View Details
    • Contact for pricing
      32,640 SF

      Plaza 44: Poughkeepsie Retail Space

      Prime Poughkeepsie retail space available.
      43 Burnett Blvd, Poughkeepsie, NY 12603
      View Details
    • $31 SF/Yr
      5,167 SF

      The Arlington: Poughkeepsie Retail Space

      Prime Poughkeepsie retail space, high visibility.
      21 Raymond Ave, Poughkeepsie, NY 12603
      View Details
    • $12,500 /Mo
      2,096 SF

      Gas Station with C-Store Potential

      Gas station with existing structure and expansion potential for lease.
      2 Vassar Rd, Poughkeepsie, NY 12603
      View Details

    Property Visit Statistics

    • Visits by month
      6.6k
    • Visitors by month
      4.1k
    • Avg Time on site
      17 min
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    Poughkeepsie, NY 12603-1818
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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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