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    Property profile & analytics

    766 Main St Poughkeepsie, NY 12603-1893

    • Showrooms
    • 5,112 SF
    • 0.15 lot acres
    OFF-MARKET
    Last Sale
    Nov 18, 2021
    Value Estimations
    $890,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0323763
    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

    • THE SENSORY SPACE / Crisis Center / Medical Clinic
    • Cardinal Opioid Treatment / Medical Clinic
    • Purple orchid restaurant / Restaurant

    Property Details for 766 Main St

    Year built
    1932
    Lot size
    0.15 lot acres
    Property size
    5,112 SF
    Zone code
    ATC
    Property type
    Showrooms
    APN
    134689 6161-07-742820-0000
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,035,000
      6.5%
      $955,000
      7%
      $885,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $972,000
      Market price range: $458k - $972k
      AI Estimate
      $747,000
      Market price range: $277k - $747k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $745,000
      Current use
      RESTAURANT
      $1,455,000
      Change: +96% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Poughkeepsie
    County
    Dutchess
    State
    New York
    Longitude
    -73.903
    Latitude
    41.6961
    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
    $20,037
    $108,800
    $805,200
    $914,000
    -
    $108,800
    $805,200
    $914,000

    Comparable in this City

    • Value Estimation
      $4,430,000
      49,311 SF

      21 Raymond Ave

      SHOW ROOM, WAREHOUSE • 49,311 SF
      21 Raymond Ave, Poughkeepsie, NY 12603-2311
      View Details
    • Value Estimation
      $3,505,000
      40,755 SF

      36-38 Firemens Way

      SHOW ROOM, WAREHOUSE • 40,755 SF
      36-38 Firemens Way, Poughkeepsie, NY 12603
      View Details
    • Value Estimation by Request
      4,574 SF

      3 Eastdale S Ave

      SHOW ROOM, WAREHOUSE • 4,574 SF
      3 Eastdale S Ave, Poughkeepsie, NY 12603-1952
      View Details
    • Value Estimation
      $960,000
      5,535 SF

      35 Eastdale N Ave, Unit 43

      SHOW ROOM, WAREHOUSE • 5,535 SF
      35 Eastdale N Ave, Poughkeepsie, NY 12603-1798
      View Details
    • Value Estimation
      $3,550,000
      41,368 SF

      30 Firemens Way

      SHOW ROOM, WAREHOUSE • 41,368 SF
      30 Firemens Way, Poughkeepsie, NY 12603-6519
      View Details
    • Value Estimation
      $625,000
      5,850 SF

      46 Noxon Rd

      SHOW ROOM, WAREHOUSE • 5,850 SF
      46 Noxon Rd, Poughkeepsie, NY 12603-2906
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,742 SF

      Freestanding Walgreens Investment Property

      Absolute NNN lease with over 11 years remaining.
      825-827 Dutchess Tpke, Poughkeepsie, NY 12603
      View Details
    • $250,000
      0.08 Acres

      Poughkeepsie Retail/Restaurant Opportunity

      Retail storefront/restaurant near Vassar College. Seller financing available.
      300 Hooker Ave, Poughkeepsie, NY 12603
      View Details
    • $750,000
      0.47 Acres

      Poughkeepsie Retail Investment Opportunity

      Single-story brick building with high traffic and investment potential.
      794 Dutchess Tpke, Poughkeepsie, NY 12603
      View Details
    • $450,000

      Profitable Business Opportunity in Poughkeepsie

      Gas station, convenience store, and car wash business for sale.
      1061 Freedom Plains Rd, 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
    • $450,000

      1061 Freedom Plains Road, Poughkeepsie, NY 12603

      Gas stations
      1061 Freedom Plains Rd, Poughkeepsie, NY 12603
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,000 SF

      Retail Space in Plaza 44

      Highly accessible retail space in a busy shopping center.
      43-51 Burnett Blvd, Poughkeepsie, NY 12603
      View Details
    • $30 SF/Yr
      660 SF

      Retail Space in Poughkeepsie

      Retail space available for lease in Poughkeepsie, New York.
      25 Collegeview Ave, Poughkeepsie, NY 12603
      View Details
    • $3,000 /Mo
      5,227 SF

      Poughkeepsie Retail Opportunity Near College

      2,400 sq ft retail space near Vassar College.
      12 Fowler Ave, Poughkeepsie, NY 12603
      View Details
    • Contact for pricing
      1,500 SF

      Poughkeepsie Retail Space For Rent

      1,500 SF shop space in Poughkeepsie, NY.
      661 Dutchess Tpke, Poughkeepsie, NY 12603
      View Details
    • Contact for pricing
      882 SF

      Retail Space with Ample Parking

      Retail/office space with parking and curb cuts available for rent.
      1820 New Hackensack Rd, Poughkeepsie, NY 12603
      View Details
    • $22 SF/Yr

      Retail Space on Main Street

      Retail space available for rent on Main Street.
      825 Main St, Poughkeepsie, NY 12603
      View Details

    Property Visit Statistics

    • Visits by month
      19.3k
    • Visitors by month
      9.9k
    • Avg Time on site
      14 min
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    Poughkeepsie, NY 12603-1893
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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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