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Property profile & analytics
FOR LEASE
Office buildings
17 Glen Pond Dr, Red Hook, NY 12571
Entity Owned
12-yr Hold
Free & Clear
Property ID
US63-0871467
For Lease
1 / 6
$27 SF/Yr
17 Glen Pond Dr, Red Hook, NY 12571
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Property summary
AI-generated overview
This exceptional Red Hook, NY office park offers two beautifully finished suites for lease, totaling 9,652 square feet in two one-story buildings. Built in 2007, the property boasts a Class B rating and features ample parking (40 spaces) across 2 acres. Suites are fully built-out with high-end finishes, including ADA-compliant private restrooms, private kitchens, central air conditioning and heat, and large windows providing abundant natural light. The smaller suite offers 987 square feet, while the larger suite provides 2,517 square feet, with the landlord open to subdividing this space based on lease terms. Conveniently located less than a mile from the Village Center, the property benefits from professional management handling landscaping, snow removal, and repairs. The zoning is GB, and the property is situated within the Poughkeepsie-Newburgh NY submarket, specifically the Red Hook cluster. Each suite features corner exposures, maximizing natural light. This is a low-maintenance opportunity in a desirable location. Ideal for medical, creative, or traditional office uses. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
6,621 SF
Lot
2.07 ac (90,169 SF)
Zoning code
B2
APN
134889 6272-00-402448-0000
UPID
US63-0871467
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
-
Barbara E. Blisko, DC Alternative Medicine Practice
-
Healing Arts of Red Hook Alternative Medicine Practice
-
Flores Chiropractic Group Alternative Medicine Practice
-
Dr. Abby Petkov - Myoho Chiropractic Alternative Medicine Practice
-
Moonlight Sanctuary Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$940k
Owner & transaction history
17 Glen Pond Drive LLC · 12 yrs held
17 Glen Pond Drive LLC
since 2013
1 recorded transaction
Zoning & alternative use
B2 · Red Hook, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+43.9%
Commercial (general)
$910,000
+23.0%
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 Red Hook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Red Hook 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$740,000
Current use
AUTO REPAIR, GARAGE
$1,065,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$910,000
Change: +23% · Conversion: Easy
WAREHOUSE, STORAGE
$725,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10%
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
$142 / 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
$32,891
Tax year 2020
Assessed value
$1,359,900
Assessed 2023
Previous assessed
$1,192,880
+14.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$247,400
Assessed improvement
$1,112,500
Land market value
$247,400
Improvement market value
$1,112,500
Total market value
$1,359,900
Applied tax rate
134,801.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2007
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
6,621 SF
Lot
2.07 ac (90,169 SF)
Zoning code
B2
APN
134889 6272-00-402448-0000
UPID
US63-0871467
Jurisdiction
DUTCHESS
Zoning & alternative use
B2 · Red Hook, NY
Zoning B2 · permitted uses
B2 · Red Hook, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Red Hook. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$910,000
WAREHOUSE, STORAGE
Est. value
$725,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2007
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
2.07 ac
Current owner
From public records · entity-resolved
17 Glen Pond Drive LLC
Entity
Free & Clear · 12 yrs held
Mailing address
13949 VENTURA BLVD STE #350, SHERMAN OAKS, CA 91423-3359
Ownership since
2013
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
Dec 18, 2013
$1,247,000
17 Glen Pond Drive LLC
Pepridge II 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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