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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    129 Clove Branch Rd Hopewell Junction, NY 12533

    • Investment properties
    • 8,200 SF
    • 3.34 lot acres
    For Lease
    View listing
    $27 SF/Yr
    Last Sale
    Aug 19, 2020
    $1,800,000
    Value Estimations
    $1,545,000
    Cap Rate Potential
    6.6%
    Investment properties
    Location Intelligence
    Property ID
    US63-6239617
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • hopewell nutrition / Physician
    • All-Star Family Dentistry - Dr. Kristen Vilardi-Shanley / Dental Office
    • Robert Macina, LMT / Alternative Medicine Practice / Spa & Massage Center
    • Kacherski Stanley E DDS / Dental Office
    • Compassionate Office Gynecology / Physician

    Property Details for 129 Clove Branch Rd

    Year built
    2004
    Lot size
    3.34 lot acres
    Property size
    8,200 SF
    Zone code
    B1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    132800 6458-04-663142-0000
    APU
    9223372036854775807

    Description

    This exceptional 16,000 square foot commercial property in Hopewell Junction, NY, offers a unique blend of medical and traditional office space, along with self-storage units. Situated on a 3.3-acre lot at 129 Clove Branch Road in East Fishkill, this Class B building boasts convenient access to major transportation arteries, including the Taconic State Parkway (4 minutes away) and Interstate 84 (6 miles). The property features over 300 feet of frontage on County Route 29, providing excellent visibility and accessibility. Enjoy scenic views of Red Wing Park. The building is fully handicap accessible, with a convenient walk-in entrance and ample on-site parking. Currently, 2,000 square feet of space is available for lease, with a minimum divisible unit size of 1,000 square feet and a maximum contiguous space of 1,000 square feet. The property is zoned B-1: General Business District within Dutchess County, offering diverse business opportunities. This multi-tenant building presents a fantastic opportunity for businesses seeking a well-located and versatile space. The combination of office and storage options makes this property ideal for a variety of uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,515,000
      ML approach
      $1,515,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,660,000
      6.5%
      $1,535,000
      7%
      $1,425,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,625,000
      Market price range: $665k - $1.63M
      AI Estimate
      $1,322,000
      Market price range: $493k - $1.37M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,125,000
      Current use
      RESTAURANT
      $2,330,000
      Change: +107% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,315,000
      Change: +17% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hopewell Junction
    County
    Dutchess
    State
    New York
    Longitude
    -73.797
    Latitude
    41.5945
    CBSA code
    39100
    CBSA name
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $39,821
    $390,000
    $1,410,000
    $1,800,000
    -
    $390,000
    $1,410,000
    $1,800,000

    Comparable in this City

    • Value Estimation
      $2,285,000
      24,000 SF

      10 Corporate Park Rd

      STORE/OFFICE (MIXED USE) • 24,000 SF
      10 Corporate Park Rd, Hopewell Junction, NY 12533-3540
      View Details
    • Value Estimation
      $730,000
      12,690 SF

      1906 Rte 52

      STORE/OFFICE (MIXED USE) • 12,690 SF
      1906 Rte 52, Hopewell Junction, NY 12533-3526
      View Details
    • Value Estimation by Request
      2,274 SF

      136 Clove Br Rd

      STORE/OFFICE (MIXED USE) • 2,274 SF
      136 Clove Br Rd, Hopewell Junction, NY 12533-6107
      View Details
    • Value Estimation
      $780,000
      6,500 SF

      260 Lk Walton Rd

      STORE/OFFICE (MIXED USE) • 6,500 SF
      260 Lk Walton Rd, Hopewell Junction, NY 12533-5072
      View Details
    • Value Estimation by Request
      1,680 SF

      5 Rte 376th 3rd Ste, Unit 3

      STORE/OFFICE (MIXED USE) • 1,680 SF
      5 Rte 376th 3rd Ste, Hopewell Junction, NY 12533-6090
      View Details
    • Value Estimation by Request
      1,200 SF

      5 Rte 376th 7th Ste, Unit 7

      STORE/OFFICE (MIXED USE) • 1,200 SF
      5 Rte 376th 7th Ste, Hopewell Junction, NY 12533-6090
      View Details

    Similar Nearby for Sale

    • $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
    • $895,000

      Hopewell Junction Development Land

      Prime Commercial/Industrial Site, High Traffic
      793 Ny-82, Hopewell Junction, NY 12533
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    • $395,000

      Residential Land Near Transportation Hubs

      Residential land for sale, convenient access to major transportation routes.
      Sylvan Lake Rd, Hopewell Junction, NY 12533
      View Details
    • $170,000

      Land Available in Hopewell Junction

      Land for sale in Hopewell Junction, NY.
      2396 Route 52, Hopewell Junction, NY 12533
      View Details
    • $40,000

      Vacant Land Opportunity

      Vacant parcel for sale, buyer to perform due diligence.
      250 Hortontown Rd, 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

    Similar Nearby for Lease

    • $24 SF/Yr
      6,000 SF

      Hopewell Junction Office Space Available

      6,000 SF office space for rent in Hopewell Junction.
      10 Corporate Park Rd, Hopewell Junction, NY 12533
      View Details
    • $1,830 /Mo

      Bright Commercial Space on Route 82

      Highly visible 1500 sqft commercial space in Hopewell business district.
      1035 Route 82, Hopewell Junction, NY 12533
      View Details
    • $22 SF/Yr
      1,200 SF

      Hopewell Junction Office Space Available

      Office space for rent in Hopewell Junction, NY.
      2603-2607 Route 52, Hopewell Junction, NY 12533
      View Details
    • $1,800 /Mo

      Cozy Apartment with Included Utilities

      One-bedroom apartment with utilities included, available immediately.
      77 Elk Rd, Hopewell Junction, NY 12533
      View Details
    • $2,500 /Mo

      East Fishkill Office/Retail Space

      Office/Medical/Retail space for lease on Route 52.
      1989 1983, Hopewell Junction, NY 12533
      View Details
    • $24 SF/Yr
      24,000 SF

      Route 52 Office Space Available

      Flexible Suites, Prime Location
      10 Corporate Park Dr, Hopewell Junction, NY 12533
      View Details
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    129 Clove Branch Rd
    Hopewell Junction, NY 12533
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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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