Project Information

Bid Title

Request for Proposals - Appraisal of IBM Complex

Issuing Agency

Poughkeepsie town

Location

New York

Published Date

Oct 16, 2025

Closing Date

Nov 7, 2025

Government Level

State & Local

Status

Closed

Original Source

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Bid Documents

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Project Description

Bid Title:	Request for Proposals - Appraisal of IBM Complex
Category:	Town of Poughkeepsie RFP
Status:	Open

Description: ***Please see attached PDF for entire RFP Information Packet*** Professional Services Required 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: 6060-04-840280-0000 - 2455 South Road 6060-02-820506-0000 -  477-708 Innovation Way 1. The appraisal should include: 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. 3. Valuation Approaches Application of the Sales Comparison Approach using recent comparable transactions. Application of the Income Capitalization Approach with market-supported rent, expense, and capitalization rates. Application of the Cost Approach, where appropriate, with consideration of land value and depreciation. 4. Reporting Preparation of a comprehensive appraisal report for each property compliant with the Uniform Standards of Professional Appraisal Practice (USPAP). Reports should provide a clear and defensible conclusion of market value for each property, supported by data, analysis, and professional judgement. The final deliverables will consist of two independent appraisal reports, each presenting the market value of the subject property as of July 1, 2025. (Valuation date for May 1, 2026, Tentative Assessment.) Publication Date/Time: 10/15/2025 12:00 AM Closing Date/Time: 11/7/2025 11:00 AM Submittal Information: fsalvatore@townofpoughkeepsie-ny.gov Related Documents: RFP IBM Appraisal

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