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    Property profile & analytics

    829 Main St Poughkeepsie, NY 12603-1830

    • Turn key restaurants
    • 4,140 SF
    • 0.50 lot acres
    OFF-MARKET
    Last Sale
    Apr 17, 2025
    Value Estimations
    $365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1333046
    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

    • City Line Diner / Diner

    Property Details for 829 Main St

    Year built
    1985
    Lot size
    0.50 lot acres
    Property size
    4,140 SF
    Zone code
    ATC
    Property type
    Turn key restaurants
    APN
    134689 6161-08-908818-0000
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $350,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $522,000
      Market price range: $351k - $798k

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

    Location Insight

    • Map
    • Local Demand
    City
    Poughkeepsie
    County
    Dutchess
    State
    New York
    Longitude
    -73.897
    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
    $24,328
    $159,900
    $706,600
    $866,500
    -
    $159,900
    $706,600
    $866,500

    Comparable in this City

    • Value Estimation
      $410,000
      8,846 SF

      842 Main St

      RESTAURANT • 8,846 SF
      842 Main St, Poughkeepsie, NY 12603-1833
      View Details
    • Value Estimation
      $385,000
      1,860 SF

      2186 New Hackensack Rd

      RESTAURANT • 1,860 SF
      2186 New Hackensack Rd, Poughkeepsie, NY 12603-4846
      View Details
    • Value Estimation
      $505,000
      5,379 SF

      796 Main St

      RESTAURANT • 5,379 SF
      796 Main St, Poughkeepsie, NY 12603-1829
      View Details
    • Value Estimation
      $310,000
      3,370 SF

      230-234 Salt Pt Tpke

      RESTAURANT • 3,370 SF
      230-234 Salt Pt Tpke, Poughkeepsie, NY 12603
      View Details
    • Value Estimation
      $360,000
      4,261 SF

      11 Vassar Rd

      RESTAURANT • 4,261 SF
      11 Vassar Rd, Poughkeepsie, NY 12603-5405
      View Details
    • Value Estimation
      $385,000
      5,340 SF

      1112 Dutchess Tpke

      RESTAURANT • 5,340 SF
      1112 Dutchess Tpke, Poughkeepsie, NY 12603-1169
      View Details

    Similar Nearby for Sale

    • $225,000

      Established Pizzeria Restaurant Business

      Turnkey pizzeria restaurant business for sale with equipment included.
      43 Vassar Rd, Poughkeepsie, NY 12603
      View Details
    • $199,999
      1,500 SF

      Turn-Key Pub in Dutchess County

      Established pub for sale with loyal clientele and prime leasing.
      40 Vassar Rd, Poughkeepsie, NY 12603
      View Details
    • $265,000
      0.08 Acres

      Poughkeepsie Retail Storefront/Restaurant Opportunity

      Retail storefront/restaurant building near Vassar College. Seller financing available.
      300 Hooker Ave, Poughkeepsie, NY 12603
      View Details
    • $7,500,000
      14,742 SF

      Freestanding Walgreens Investment Property

      Absolute NNN lease with over 11 years remaining.
      825-827 Dutchess Tpke, Poughkeepsie, NY 12603
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    • $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
    • $905,000
      10,030 SF

      Lagrange Mixed-Use Investment Opportunity

      Thriving Restaurant & Apartments
      271 Titusville Rd, Poughkeepsie, NY 12603
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      14,688 SF

      Poughkeepsie Catering Venue For Lease

      Established Restaurant, Golf Course Location
      155 Wilbur Blvd, 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
    • 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
    • $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
    • Contact for pricing
      32,640 SF

      Plaza 44: Poughkeepsie Retail Space

      Prime Poughkeepsie retail space available.
      43 Burnett Blvd, 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
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    829 Main St
    Poughkeepsie, NY 12603-1830
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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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