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129 Clove Branch Rd, Hopewell Junction, NY 12533
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2004
Total area
8,200 SF
Lot
3.34 ac (145,490 SF)
Zoning code
B1
APN
132800 6458-04-663142-0000
UPID
US63-6239617
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Physician
-
Dental Office
-
Alternative Medicine Practice Spa & Massage Center
-
Dental Office
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.52M
CAP Approach
CAP
$1.54M
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.52M
Owner & transaction history
since 2020
Last sale
$1.8M
1 recorded transaction
Zoning & alternative use
B1 · Hopewell Junction, NY
Top alternative use upside
Restaurant
$2.3M
+107.1%
Auto repair, garage
$1.3M
+17.0%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.52M
Value range
$1.36M – $1.67M
±10% around blend
Estimated value / SF
$185 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
30
Income certainty
100
$1.36M
blend $1.52M
$1.67M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,200 SF
Lot area
3.34 ac
Year built
2004
Stories
1
APN
132800 6458-04-663142-0000
Zoning
B1
Assessed value
$1,800,000
Annual tax
$39,821
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.54M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.66M
@ 6.5% CAP return
$1.54M
@ 7% CAP return
$1.43M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$39,821
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.04M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
21.3 mi away · 8,532 SF
22.7 mi away · 8,595 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.52M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 272 sales
$137
+35%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $185/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+107%
vs current-use indication
Auto Repair, Garage
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
6.60%
Selected cap rate for this investment properties
Derived from the Hopewell Junction market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.60%
9.0%
NOI (est.)
$99k *
Last sale · Aug 2020
$1.80M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.50M
Move the market yield to see immediate price impact.
Value / SF
$183
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.10%6.60%7.10%
$89k
$1.46M
$1.35M
$1.25M
$99k
$1.62M
$1.50M
$1.39M
$109k
$1.78M
$1.65M
$1.53M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$875k
3.4 mi · Dec 2025 · $123/SF
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$39,821
Tax year 2020
Assessed value
$1,800,000
Assessed 2023
Previous assessed
$1,500,000
+20.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$390,000
Assessed improvement
$1,410,000
Land market value
$390,000
Improvement market value
$1,410,000
Total market value
$1,800,000
Applied tax rate
135,601.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
2004
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
8,200 SF
Lot
3.34 ac (145,490 SF)
Zoning code
B1
APN
132800 6458-04-663142-0000
UPID
US63-6239617
Jurisdiction
DUTCHESS
Zoning & alternative use
B1 · Hopewell Junction, NYZoning B1 · permitted uses
B1 · Hopewell Junction, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.34 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B1
Jurisdiction
Hopewell Junction, NY
Recorded code
B1
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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