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    10 Corporate Park Dr Hopewell Junction, NY 12533

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    For Lease
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    Flexible office suites in desirable commercial park, Route 52 frontage.

    Type:Office, Industrial, Special Purpose
    Property size:
    6,000 SF
    Added:
    Jun 2, 2021
    Days on Market:
    1778
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 10 Corporate Park Dr

    General Information

    Standard status
    Active
    Size
    6,000 SF
    Property subtype
    Office, Industrial, Special Purpose

    Building Details

    Year Built
    2002

    Spaces For Lease

    at 10 Corporate Park Dr Contact us

    Suite B & D $24 /Mo

    Size
    6,000 SF
    Type
    Office, Industrial, Special Purpose
    Price includes CAMs and base Year Taxes
    Contact us

    We can help!

    Listing Contact
    Robert Buyakowski

    Listing agent Robert Buyakowski License #NYs # 10491211304

    Listing office RBR Real Estate Solutions LLC

    Listing date Jun 2, 2021

    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 RBR Real Estate Solutions LLC

    Overview

    Flexible Office Suites For Rent

    Flexible office suites are available for rent in a desirable commercial park with frontage along Route 52, offering visible presence. The flexible space allows for several configurations from 1,500 square feet, 3,000 square feet, 4,500 square feet, to a 6,000+ square foot suite. The suites feature a practical layout, good size bathrooms, and kitchenettes. The location is adjacent to the new Amazon warehouse. Current tenants are major technology corporations servicing the adjacent On-Semiconductor factory, also known as the Hudson Valley Research Park. The flexible zoning and central location make this site well suited for various tenants' needs. The building is located on Corporate Park Drive off Route 52 just west of the iPark 84. It is approximately 3 miles from Interstate 84 - Exit 50 Lime Kiln Road in the Town of East Fishkill, Dutchess County, New York.
    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 Nail Salon Pharmacy

    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 Lease

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      East Fishkill Office Space Available

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      East Fishkill Office Space Available

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      East Fishkill Office Space Available

      Office space for rent in prime East Fishkill location.
      2424 Route 52 #2E, Hopewell Junction, NY 12533
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      Hopewell Junction Office Space Available

      6,000 SF office space for rent in Hopewell Junction.
      10 Corporate Park Rd, Hopewell Junction, NY
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      Route 52 Commercial Space

      Office, medical, and retail space for lease on Route 52.
      1989 Route 52 #1983, Hopewell Junction, NY 12533
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      Hopewell Junction Office Space Available

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      Office and Storage Space Available

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    FAQs

    What type of property is this?
    Office units - Flexible office suites in desirable commercial park, Route 52 frontage.
    Where is this office units located?
    The property is located at 10 Corporate Park Dr Hopewell Junction, NY.
    What are key features of this property?
    This property features: Flexible office suites available, ranging from 1,500 sq ft to over 6,000 sq ft.; High visibility frontage along Route 52.; Located in a desirable commercial park.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Robert Buyakowski
    Real Estate License ID: NYs # 10491211304
    Learn More
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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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