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

    136 Clove Br Rd Hopewell Junction, NY 12533-6107

    • Investment properties
    • 2,274 SF
    • 0.65 lot acres
    OFF-MARKET
    Last Sale
    Jun 13, 2023
    $300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3322714
    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

    • Hudson Valley Wine And Spirits / Specialty Food Shop / Wine and Liquor Store

    Property Details for 136 Clove Br Rd

    Year built
    1965
    Lot size
    0.65 lot acres
    Property size
    2,274 SF
    Zone code
    B1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    132800 6458-04-725185-0000
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hopewell Junction
    County
    Dutchess
    State
    New York
    Longitude
    -73.7945
    Latitude
    41.5959
    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
    $11,695
    $100,000
    $225,000
    $325,000
    -
    $100,000
    $225,000
    $325,000

    Comparable in this City

    • Value Estimation
      $1,130,000
      7,532 SF

      792 Main St

      STORE/OFFICE (MIXED USE) • 7,532 SF
      792 Main St, Hopewell Junction, NY 12533-2312
      View Details
    • Value Estimation
      $1,125,000
      7,000 SF

      800 Main St

      STORE/OFFICE (MIXED USE) • 7,000 SF
      800 Main St, Hopewell Junction, NY 12533-2318
      View Details
    • Value Estimation
      $870,000
      5,100 SF

      815 Main St

      STORE/OFFICE (MIXED USE) • 5,100 SF
      815 Main St, Hopewell Junction, NY 12533-2326
      View Details
    • Value Estimation
      $575,000
      3,750 SF

      1078 Rte 82

      STORE/OFFICE (MIXED USE) • 3,750 SF
      1078 Rte 82, Hopewell Junction, NY 12533-6172
      View Details
    • Value Estimation
      $560,000
      3,082 SF

      871 Main St

      STORE/OFFICE (MIXED USE) • 3,082 SF
      871 Main St, Hopewell Junction, NY 12533-2327
      View Details
    • Value Estimation by Request
      986 SF

      1856 Rte 52

      STORE/OFFICE (MIXED USE) • 986 SF
      1856 Rte 52, Hopewell Junction, NY 12533-3501
      View Details

    Similar Nearby for Sale

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      Investment opportunity with easy access to amenities and commuter routes.
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      Hopewell Junction Development Land

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      Residential land for sale, convenient access to major transportation routes.
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      Land Available in Hopewell Junction

      Land for sale in Hopewell Junction, NY.
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    • $40,000

      Vacant Land Opportunity

      Vacant parcel for sale, buyer to perform due diligence.
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    • $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
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    Similar Nearby for Lease

    • $1,800 /Mo

      Cozy Apartment with Included Utilities

      One-bedroom apartment with utilities included, available immediately.
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    • $2,500 /Mo

      East Fishkill Office/Retail Space

      Office/Medical/Retail space for lease on Route 52.
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    • $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
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    • $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
    • $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
    • $2,500 /Mo

      Route 52 Commercial Space

      Office, medical, and retail space for lease on Route 52.
      1989 Route 52, Hopewell Junction, NY 12533
      View Details

    Property Visit Statistics

    • Visits by month
      3.1k
    • Visitors by month
      1.8k
    • Avg Time on site
      4 min
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    136 Clove Br Rd
    Hopewell Junction, NY 12533-6107
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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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