Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Town Ctr Blvd Hopewell Junction, NY

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $599,000

    2.47 acre parcel zoned for mixed-use development.

    Lot size:
    2.47 Acres

    Property Features for Town Ctr Blvd

    General Information

    Lot size
    2.47 Acres

    We can help!

    Listing Contact
    Frank Fiorella
    Source: Moodyscre

    Listing Agent: Frank Fiorella

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    2.47 Acre Mixed-Use Parcel

    Available for sale is a 2.47-acre parcel zoned for mixed-use development, including retail and apartments. The property is located on Town Center Boulevard in Hopewell Junction, across from the library and near a recreation area. It is situated off Route 55, a high-traffic road.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Hopewell Junction
    County
    Dutchess
    State
    New York
    Longitude
    -73.7956884
    Latitude
    41.5534267

    Nearby Similar for Sale

    • $150,000
      0.52 Acres

      Profitable Florist/Gift Retail Center

      Established florist/gift retail center on a busy corner.
      1103 Route 82, Hopewell Junction, NY 12533
      View Details
    • $699,900
      0.52 Acres

      Retail Building in Hopewell Junction

      One-level retail building with open floor plan and parking.
      1103 Route 82, Hopewell Junction, NY 12533
      View Details
    • $367,000
      Pending

      Duplex in Central Hopewell Junction

      Investment opportunity with easy access to amenities and commuter routes.
      436 Route 376, Hopewell Junction, NY 12533
      View Details
    • $49,999

      Seasonal Home in Hudson Valley

      Seasonal home in private community with pool and amenities.
      50 Glanhope Rd, Hopewell Junction, NY 12533
      View Details
    • $4,499,000

      Historic Family Farm with Views

      Family farm with barns and panoramic views near Taconic Parkway.
      1196 82 Rte, Hopewell Junction, NY 12533
      View Details
    • $425,000

      Route 52 Office Building For Sale

      2178 SF office building on Route 52 with parking.
      2623 Route 52, Hopewell Junction, NY 12533
      View Details
    • Contact for pricing
      51,940 SF

      Retail Property in Hopewell Junction

      Two-building retail property in a suburban Hudson Valley community.
      413-415 Ny 376, Hopewell Junction, NY
      View Details
    • $80,000

      Seasonal Cottage Near Sylvan Lake

      Seasonal duplex cottage near Sylvan Lake with amenities.
      71 Miller Rd, Hopewell Junction, NY 12533
      View Details
    • $2,950,000
      18,000 SF

      Office Investment Property For Sale

      Office investment property in Hopewell Junction, NY, available for sale.
      52 2345, Hopewell Junction, NY
      View Details
    • $2,950,000
      28,736 SF

      Manufacturing/Contractors Facility For Sale

      Manufacturing/Contractors facility for sale in Hopewell Junction, NY.
      19 Ryan Rd, Hopewell Junction, NY 12533
      View Details
    • $699,900

      Specialty Property in Hopewell Junction

      Specialty property available for sale in Hopewell Junction, NY.
      7 Terra Nova Dr, Hopewell Junction, NY 12533
      View Details
    • Contact for pricing
      51,940 SF

      CVS-Anchored Shopping Center Investment

      High-Occupancy Retail Center in Hopewell Junction, NY
      415 Ny-376, Hopewell Junction, NY 12533
      View Details

    FAQs

    What type of property is this?
    Land - 2.47 acre parcel zoned for mixed-use development.
    Where is this land located?
    The property is located at Town Ctr Blvd Hopewell Junction, NY.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - 2.47 acre parcel zoned for mixed use, retail, and apartments.; - Located on Town Center Boulevard in Hopewell Junction.; - Located off of high traffic road - Route 55.
    (914) 747-5000
    Request Owner's contact information
    Town Ctr Blvd Hopewell Junction, NY
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Town Ctr Blvd
    Hopewell Junction, NY
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Town Ctr Blvd Hopewell Junction, NY
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Frank Fiorella
    Real Estate License ID: NY 109900834
    (914) 747-5000
    Learn more
    Google sign-in failed. Please try again or use another login method.