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

    85 Airport Dr Wappingers Falls, NY 12590-6160

    • Warehouses
    • 11,740 SF
    • 3.81 lot acres
    OFF-MARKET
    Last Sale
    Apr 04, 2024
    $1,200,000
    Value Estimations
    $1,200,000
    Show details
    Cap Rate Potential
    7.3%
    Warehouses
    Location Intelligence
    Property ID
    US63-4124730
    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

    • On Point Small Equip Repair / Hardware & Home Improvement / General Contractor
    • Field / Gym & Fitness Center / Sports Field & Court
    • AirMasters North East, LLC / HVAC Service / General Contractor
    • Sun Up Construction Corp / Construction Company

    Property Details for 85 Airport Dr

    Year built
    2011
    Lot size
    3.81 lot acres
    Property size
    11,740 SF
    Zone code
    AI
    Property type
    Warehouses
    APN
    135689 6259-02-644502-0000
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,200,000
      ML approach
      $1,200,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,470,000
      6.5%
      $1,355,000
      7%
      $1,260,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $798,000
      Market price range: $755k - $1.82M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,290,000
      Current use
      AUTO REPAIR, GARAGE
      $1,885,000
      Change: +46% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,620,000
      Change: +26% Conversion: Difficult
      OFFICE BUILDING
      $1,310,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Wappingers Falls
    County
    Dutchess
    State
    New York
    Longitude
    -73.8704
    Latitude
    41.6323
    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
    $6,386
    $300,000
    $560,000
    $860,000
    -
    $300,000
    $560,000
    $860,000

    Comparable in this City

    • Value Estimation
      $990,000
      15,400 SF

      21 Airport Dr

      WAREHOUSE, STORAGE • 15,400 SF
      21 Airport Dr, Wappingers Falls, NY 12590-6160
      View Details
    • Value Estimation by Request
      4,800 SF

      33 Bill Horton Way

      WAREHOUSE, STORAGE • 4,800 SF
      33 Bill Horton Way, Wappingers Falls, NY 12590-2018
      View Details
    • Value Estimation
      $875,000
      5,760 SF

      35 Van Wyck Ln

      WAREHOUSE, STORAGE • 5,760 SF
      35 Van Wyck Ln, Wappingers Falls, NY 12590-6307
      View Details
    • Value Estimation
      $7,690,000
      33,600 SF

      1634 Rte 9th 9

      WAREHOUSE, STORAGE • 33,600 SF
      1634 Rte 9th 9, Wappingers Falls, NY 12590-1355
      View Details
    • Value Estimation
      $7,805,000
      256,000 SF

      151 Airport Dr

      WAREHOUSE, STORAGE • 256,000 SF
      151 Airport Dr, Wappingers Falls, NY 12590-6161
      View Details
    • Value Estimation
      $600,000
      6,300 SF

      22 Bill Horton Way

      WAREHOUSE, STORAGE • 6,300 SF
      22 Bill Horton Way, Wappingers Falls, NY 12590-2018
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,208 SF

      Wappingers Falls Warehouse - 9,208 SF

      Mixed-use warehouse, ideal for various businesses.
      4 Delavergne Ave, Wappingers Falls, NY 12590
      View Details
    • Contact for pricing
      22,255 SF

      Stabilized Self-Storage Facility on Route 9

      Value-add self-storage facility in Wappingers Falls, NY, 99% occupied.
      1190 S 9, Wappingers Falls, NY 12590
      View Details
    • $500,000
      1,440 SF

      Wappingers Falls Industrial Development Parcel

      Prime 21-acre development site, existing structure.
      16-18 Myers Corners Rd, Wappingers Falls, NY 12590
      View Details
    • Contact for pricing

      Prime East Fishkill Development Land

      2.1 Acres, Ideal Commercial/Industrial Site
      0 Sprout Creek Ct, Wappingers Falls, NY 12590
      View Details
    • Contact for pricing
      25,340 SF

      Wappingers Falls Storage Investment Opportunity

      Self-storage facility with expansion potential in a prime location.
      1190 Route 9, Wappingers Falls, NY 12590
      View Details
    • $375,000
      5.06 Acres

      Prime Commercial Development Land

      5-Acre Wappingers Falls Site, High Traffic
      2054 Ny-9D, Wappingers Falls, NY 12590
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      3,132 SF

      Wappingers Falls Flex/Industrial Space

      Flex/industrial space available for lease in Wappingers Falls, NY.
      24 Sprout Creek Ct, Wappingers Falls, NY 12590
      View Details
    • $24 SF/Yr
      1,308 SF

      Route 376 Retail Center Investment

      High-traffic retail space in Wappingers Falls, NY
      962 Ny-376, Wappingers Falls, NY 12590
      View Details
    • $1,500 /Mo
      700 SF

      Wappingers Falls Professional Office Space

      Well-maintained office with treatment rooms, ideal for professional uses.
      187 New Hackensack Rd, Wappingers Falls, NY 12590
      View Details
    • $3,900 /Mo

      Route 9 Office/Retail Space

      Premier office/retail space with high visibility and ample parking.
      1285 First Rd, Wappingers Falls, NY 12590
      View Details
    • $24 SF/Yr
      30,000 SF

      Executive Suites, Route 9, NY

      Prime Office Space, Wappingers Falls
      66 Middlebush Rd, Wappingers Falls, NY 12590
      View Details
    • Contact for pricing
      220,712 SF

      Imperial Plaza Retail Space For Lease

      Prime Dutchess County retail space available.
      1548-1574 Route 9, Wappingers Falls, NY 12590
      View Details
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    Wappingers Falls, NY 12590-6160
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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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