Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Development Site For Sale Title is generated by Realmo AI

    793 NY-82, Hopewell Junction, NY 12533

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial development site for sale with frontage on NYS Route 82.

    Type:Land
    Added:
    Jun 5, 2023
    Days on Market:
    1083
    Last Refresh:
    Mar 17 at 1:24 pm

    Property Features for 793 NY-82

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Thomas Cervone

    Listing agent Thomas Cervone License #NY 49CE0922865

    Listing office CR Properties Group LLC

    Listing date Jun 5, 2023

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of CR Properties Group LLC

    HighLights

    • Commercial development site, perfect for your next venture.
    • Enjoy the convenience of proximity to the Taconic State Parkway (6 minutes).
    • Easy access to Interstate 84, Exit 37 (9 minutes).
    • Features 125' of frontage on NYS Route 82.
    • Located in Hopewell Junction, NY.
    • Benefit from high visibility with a traffic count of 18,297 AADT.

    Overview

    A commercial development site is available for sale on NYS Route 82 in Hopewell Junction, NY. The site offers 125 feet of frontage on NYS Route 82, which experiences a traffic count of 18,297 AADT. The location is approximately 6 minutes from the Taconic State Parkway and 9 minutes from Interstate 84, Exit 37.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hopewell Junction
    County
    Dutchess
    State
    New York
    Longitude
    -73.7865
    Latitude
    41.562

    Nearby Similar for Sale

    • $699,000

      Commercial Building on Route 82

      Free-standing building on Route 82 with business potential.
      1103 Route 82, Hopewell Junction, NY 12533
      View Details
    • $1,499,999
      7,612 SF

      Mixed-Use Property on Main Street

      Mixed-use property with commercial building and residential home.
      870 Main Street, Hopewell Junction, NY 12533
      View Details
    • $699,000

      Route 82 Commercial Opportunity

      Free-standing building on Route 82 with business potential.
      1103 Route 82, Hopewell Junction, NY 12533
      View Details
    • $995,000

      73 Acres in Hopewell Junction

      73-acre parcel zoned R45, near Taconic Parkway and Sylvan Lake.
      Beekman Road, Hopewell Junction, NY 12533
      View Details
    • $2,975,000

      Hudson Valley Lakefront Campground Property

      Lakefront campground with recreational opportunities in the Hudson Valley.
      18 McDonnells Lane, Hopewell Junction, NY 12533
      View Details
    • $125,000

      4.27-Acre Lot in Hopewell Junction

      4.27-acre lot in Wappingers Central School District.
      7 Townsend Road, Hopewell Junction, NY 12533
      View Details
    • $199,000

      Hopewell Junction Estate Lot

      8+ acre private estate lot near Taconic and I-84.
      Roundhill Road lot: 39, Hopewell Junction, NY 12533
      View Details
    • $99,900

      Hopewell Junction Land Opportunity

      4.27-acre lot in Wappingers Central School District.
      7 Townsend Road, Hopewell Junction, NY 12533
      View Details
    • $95,000

      Hopewell Junction Wooded Land

      Two adjacent wooded lots totaling 2.90 acres in Hopewell Junction.
      12 Laura Lane, Hopewell Junction, NY 12533
      View Details
    • $85,000

      Hopewell Junction Wooded Land

      Two adjacent wooded lots totaling 2.90 acres in Hopewell Junction.
      16 Laura Lane, Hopewell Junction, NY 12533
      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
      View Details
    • Contact for pricing

      Commercial Land with Road Frontage

      14 acres of commercial land with extensive road frontage.
      239 Lake Walton Rd, Hopewell Junction, NY
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial development site for sale with frontage on NYS Route 82.
    Where is this commercial land located?
    The property is located at 793 NY-82 Hopewell Junction, NY.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: Commercial development site, perfect for your next venture.; Enjoy the convenience of proximity to the Taconic State Parkway (6 minutes).; Easy access to Interstate 84, Exit 37 (9 minutes).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Thomas Cervone
    Real Estate License ID: NY 49CE0922865
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    793 NY-82, Hopewell Junction, NY 12533
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!