The Town of Poughkeepsie requires professional appraisal services to determine the current market value of two large industrial properties. The purpose of these appraisals is to obtain an independent, well-supported opinion of market value for assessment purposes. The subject parcels are: 1. 6060-04-840280-0000 - 2455 South Road 2. 6060-02-820506-0000 - 477-708 Innovation Way The appraisal should include: 1. Property Identification and Inspection • Full on-site inspection of both industrial properties, including interior and exterior review of all improvements, site characteristics, and functional utility. • Verification of property details such as square footage, lot size building configuration, age, condition, and any recent capital improvements. 2. Market Analysis • Research and analysis of the Poughkeepsie and broader Hudson Valley industrial real estate market, including supply and demand conditions, rental rates, vacancy levels, absorption trends, and capitalization rates. • Identification and analysis of comparable industrial sales and leases to support valuation.
