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Property profile & analytics
FOR LEASE
Investment properties
129 Clove Branch Rd, Hopewell Junction, NY 12533
Entity Owned
5-yr Hold
Free & Clear
Property ID
US63-6239617
For Lease
1 / 2
$27 SF/Yr
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.52M
CAP Approach
CAP
$1.54M
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.55M
Owner & transaction history
Spago Holding LLC · 5 yrs held
Spago Holding LLC
since 2020
Last sale
$1.8M
1 recorded transaction
Zoning & alternative use
B1 · Hopewell Junction, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+107.1%
Auto repair, garage
$1.3M
+17.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hopewell Junction submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hopewell Junction submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue 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
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
Blend value · Realmo final
$1.55M
Range $1.39M – $1.70M · ±10% · vs last sale $1.80M (Aug 19 2020)
Last sale anchor
$1.80M
Aug 19 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$188 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
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
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
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, NY
Zoning B1 · permitted uses
B1 · Hopewell Junction, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hopewell Junction. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
RESTAURANT
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.34 ac
Current owner
From public records · entity-resolved
Spago Holding LLC
Entity
Free & Clear · 5 yrs held
Mailing address
15 PEBBLE BCH DR, PURCHASE, NY 10577-1511
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2020
$1,800,000
Spago Holding LLC
Clovebranch Leasing LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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