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

    16 Market St Red Hook, NY 12571-1411

    • Retail space
    • 2,624 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0306506
    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

    • Retail space

    Property Details for 16 Market St

    Year built
    1966
    Lot size
    0.18 lot acres
    Property size
    2,624 SF
    Zone code
    GB
    Property type
    Retail space
    APN
    134801 6272-10-450702-0000
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $251,000
      Market price range: $93.3k - $327k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $200,000
      Current use
      COMMERCIAL (GENERAL)
      $310,000
      Change: +53% Conversion: Easy
      AUTO REPAIR, GARAGE
      $260,000
      Change: +29% Conversion: Difficult
      MEDICAL BUILDING
      $165,000
      Change: -18% Conversion: Difficult
      OFFICE BUILDING
      $160,000
      Change: -19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Red Hook
    County
    Dutchess
    State
    New York
    Longitude
    -73.875
    Latitude
    41.9947
    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
    $2,083
    $77,700
    $347,500
    $425,200
    -
    $77,700
    $347,500
    $425,200

    Comparable in this City

    • Value Estimation
      $280,000
      8,080 SF

      7518 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 8,080 SF
      7518 Broadway, Red Hook, NY 12571-1400
      View Details
    • Value Estimation
      $260,000
      7,017 SF

      7582 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 7,017 SF
      7582 Broadway, Red Hook, NY 12571-1469
      View Details
    • Value Estimation
      $270,000
      1,990 SF

      7528 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 1,990 SF
      7528 Broadway, Red Hook, NY 12571-1450
      View Details
    • Value Estimation
      $270,000
      2,482 SF

      4275 Rte 9g

      RETAIL STORES (PERSONAL SERVICES) • 2,482 SF
      4275 Rte 9g, Red Hook, NY 12571
      View Details
    • Value Estimation
      $280,000
      3,683 SF

      7280 Broadway

      FINANCIAL BUILDING • 3,683 SF
      7280 Broadway, Red Hook, NY 12571-1624
      View Details
    • Value Estimation
      $280,000
      6,160 SF

      35 Firehouse Ln, Unit 41

      SHOW ROOM, WAREHOUSE • 6,160 SF
      35 Firehouse Ln, Red Hook, NY 12571-1755
      View Details

    Similar Nearby for Sale

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      36-Unit Complex in Red Hook

      Modern, well-maintained complex with residential and commercial units in Red Hook.
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    • $810,000

      Red Hook Mixed-Use Property

      Three-unit mixed-use property in Red Hook, renovated in 2024.
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    • $399,000
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      Mixed-Use Income Property in Red Hook

      Mixed-use property with commercial space and residential unit in Red Hook.
      46 W Market St, Red Hook, NY 12571
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    • $1,795,000

      Historic Mixed-Use Building in Red Hook

      Unique mixed-use property in Red Hook with development potential.
      7392 S Broadway, Red Hook, NY 12571
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    • $1,795,000

      Historic Building in Red Hook Village

      Versatile mixed-use property with development potential in a prime location.
      7392 S Broadway, Red Hook, NY 12571
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    • $1,450,000
      164.59 Acres

      164 Acres in Red Hook

      164-acre parcel offers unmatched privacy and convenience near Red Hook Village.
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    Similar Nearby for Lease

    • $1,250 /Mo

      Red Hook Village Commercial Space

      Renovated commercial space in historic Red Hook with high exposure.
      24 E Market St, Red Hook, NY 12571
      View Details
    • $3,600 /Mo
      1,990 SF

      Red Hook Commercial Space For Rent

      1,990 sq ft commercial space with private parking lot.
      7528 N Broadway, Red Hook, NY 12571
      View Details
    • $19 SF/Yr
      9,652 SF

      Glen Pond Office Park Suites

      Red Hook Office Space Available
      17 Glen Pond Dr, Red Hook, NY 12571
      View Details
    • $1,450 /Mo

      Red Hook Specialty Property

      Specialty property available for rent in Red Hook, NY.
      3944 North Rd North, Red Hook, NY 12571
      View Details
    • $1,450 /Mo

      Office Space Available for Rent

      Office space available for rent with heating utilities included.
      3944 Route 9G, Red Hook, NY 12571
      View Details
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    16 Market St
    Red Hook, NY 12571-1411
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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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