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    Property profile & analytics

    8 Cherry St Poughkeepsie, NY 12601-3494

    • Investment properties
    • 25,272 SF
    • 0.47 lot acres
    OFF-MARKET
    Value Estimations
    $2,175,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6179106
    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

    • Poughkeepsie Underwear Factory / Take-out & Catering
    • Powerfull Juices and Smoothies Café / Cafe & Coffee Shop
    • YANI'S FOOD SENSATION / Restaurant
    • SIMPLEE SWEETS BY ARI LLC / Bakery / Specialty Food Shop
    • Budget Automobile Insurance / Marketing & Advertising

    Property Details for 8 Cherry St

    Year built
    1953
    Lot size
    0.47 lot acres
    Property size
    25,272 SF
    Zone code
    C-3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    131300 6162-79-330013-0000
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,929,000
      Market price range: $1.36M - $3.32M
      AI Estimate
      $1,570,000
      Market price range: $1.00M - $2.81M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,305,000
      Current use
      WAREHOUSE, STORAGE
      $2,775,000
      Change: +20% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,500,000
      Change: +8% Conversion: Difficult
      OFFICE BUILDING
      $2,125,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Poughkeepsie
    County
    Dutchess
    State
    New York
    Longitude
    -73.918
    Latitude
    41.7015
    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
    $74,800
    $1,738,600
    $1,813,400
    -
    $74,800
    $1,738,600
    $1,813,400

    Comparable in this City

    • Value Estimation
      $705,000
      5,910 SF

      558 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,910 SF
      558 Main St, Poughkeepsie, NY 12601-3845
      View Details
    • Value Estimation
      $590,000
      9,947 SF

      2 Delafield St

      OFFICE/RESIDENTIAL (MIXED USE) • 9,947 SF
      2 Delafield St, Poughkeepsie, NY 12601-1777
      View Details
    • Value Estimation
      $840,000
      8,014 SF

      704-706 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 8,014 SF
      704-706 Main St, Poughkeepsie, NY 12601
      View Details
    • Value Estimation
      $660,000
      5,790 SF

      27 Gdn St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,790 SF
      27 Gdn St, Poughkeepsie, NY 12601-3105
      View Details
    • Value Estimation by Request
      7,426 SF

      457 Violet Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 7,426 SF
      457 Violet Ave, Poughkeepsie, NY 12601-1033
      View Details
    • Value Estimation by Request
      3,600 SF

      31 White St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,600 SF
      31 White St, Poughkeepsie, NY 12601-3819
      View Details

    Similar Nearby for Sale

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      7,200 SF

      Poughkeepsie Warehouse & Land Opportunity

      7,200 SF Warehouse, 0.32 Acres, Huge Potential
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      View Details
    • $375,000
      Pending

      Mixed-Use Property in Downtown Poughkeepsie

      Mixed-use property with office, apartment, and warehouse spaces in Poughkeepsie.
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      View Details
    • $1,450,000
      0.12 Acres

      Mixed-Use Rowhouses in Downtown Poughkeepsie

      Twin mixed-use buildings with commercial space and apartments in Poughkeepsie.
      328-330 Main St, Poughkeepsie, NY 12601
      View Details
    • $699,900

      Mixed-Use Building in Opportunity Zone

      Mixed-use building with retail, office, and residential spaces.
      39 Market St, Poughkeepsie, NY 12601
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    • $875,000
      1,900 SF

      Restored Mixed-Use Poughkeepsie Rowhouse

      Restored mixed-use building with commercial space and apartments in Poughkeepsie.
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    • $375,000

      Mixed-Use Property with Parking

      Mixed-use property with off-street parking in historic district.
      59 Montgomery St, Poughkeepsie, NY 12601
      View Details

    Similar Nearby for Lease

    • $1,150 /Mo
      6,098 SF

      Poughkeepsie First-Floor Office Space

      Versatile 368 SF office space in prime Poughkeepsie location.
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      View Details
    • Contact for pricing
      517,450 SF

      Shoppes at South Hills Retail Space

      High-traffic Poughkeepsie retail center.
      1895 South Rd, Poughkeepsie, NY 12601
      View Details
    • $12 SF/Yr
      100,000 SF

      Poughkeepsie Industrial Space For Lease

      100,000 SF Manufacturing/Warehouse
      46 Violet Ave, Poughkeepsie, NY 12601
      View Details
    • $28 SF/Yr
      39,200 SF

      Riverside One: Poughkeepsie Office Suites

      Class A Office Space, Poughkeepsie, NY
      9 South Rd, Poughkeepsie, NY 12601
      View Details
    • $29 SF/Yr
      1,553 SF

      Poughkeepsie Office Space For Lease

      Prime Office Space, Excellent Location, Multiple Tenants
      234 North Rd, Poughkeepsie, NY 12601
      View Details
    • Contact for pricing
      9,000 SF

      Poughkeepsie Industrial Space For Lease

      Industrial space available for lease in Poughkeepsie, New York.
      97 N Clinton St, Poughkeepsie, NY 12601
      View Details
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    8 Cherry St
    Poughkeepsie, NY 12601-3494
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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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