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

    1983 Rte 52nd, Unit 1989 Hopewell Junction, NY 12533-3513

    • Office buildings
    • 9,600 SF
    • 2.00 lot acres
    OFF-MARKET
    Last Sale
    Jan 12, 2022
    $3,000,000
    Value Estimations
    $2,545,000
    Show details
    Cap Rate Potential
    6.4%
    Office buildings
    Location Intelligence
    Property ID
    US63-2143258
    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

    • Office buildings

    Property Details for 1983 Rte 52nd

    Year built
    1980
    Lot size
    2.00 lot acres
    Property size
    9,600 SF
    Zone code
    B1
    Property type
    Office buildings
    APN
    132800 6356-04-613216-0000
    APU
    9223372036854775807

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,555,000
      ML approach
      $2,455,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,730,000
      6.5%
      $2,520,000
      7%
      $2,340,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,732,000
      Market price range: $656k - $1.73M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,730,000
      AUTO REPAIR, GARAGE
      $1,540,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hopewell Junction
    County
    Dutchess
    State
    New York
    Longitude
    -73.8356
    Latitude
    41.5421
    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
    $49,010
    $720,000
    $1,280,000
    $2,000,000
    -
    $720,000
    $1,280,000
    $2,000,000

    Comparable in this City

    • Value Estimation
      $720,000
      15,642 SF

      40 Corporate Park Rd

      OFFICE BUILDING • 15,642 SF
      40 Corporate Park Rd, Hopewell Junction, NY 12533-6552
      View Details
    • Value Estimation
      $695,000
      14,832 SF

      2424 Rte 52

      OFFICE BUILDING • 14,832 SF
      2424 Rte 52, Hopewell Junction, NY 12533-3221
      View Details
    • Value Estimation
      $1,055,000
      23,385 SF

      33-35 Corporate Park Rd

      OFFICE BUILDING • 23,385 SF
      33-35 Corporate Park Rd, Hopewell Junction, NY 12533
      View Details
    • Value Estimation
      $2,415,000
      15,240 SF

      1557-1559 Rte 82

      OFFICE BUILDING • 15,240 SF
      1557-1559 Rte 82, Hopewell Junction, NY 12533
      View Details
    • Value Estimation
      $800,000
      18,000 SF

      2345 Rte 52

      OFFICE BUILDING • 18,000 SF
      2345 Rte 52, Hopewell Junction, NY 12533-3218
      View Details
    • Value Estimation by Request
      8,390 SF

      1531 Rte 82

      PROFESSIONAL BUILDING • 8,390 SF
      1531 Rte 82, Hopewell Junction, NY 12533-3304
      View Details

    Similar Nearby for Sale

    • $425,000

      Route 52 Office Building For Sale

      2178 SF office building on Route 52 with parking.
      2623 Route 52, Hopewell Junction, NY 12533
      View Details
    • $2,950,000
      18,000 SF

      Class A Office Building, Hopewell Junction

      18,000 SF Multi-Tenant Office Building, 85% Occupied
      2345 Ny-52, Hopewell Junction, NY 12533
      View Details
    • $895,000

      Hopewell Junction Development Land

      Prime Commercial/Industrial Site, High Traffic
      793 Ny-82, Hopewell Junction, NY 12533
      View Details
    • $40,000

      Vacant Land Opportunity

      Vacant parcel for sale, buyer to perform due diligence.
      250 Hortontown Rd, Hopewell Junction, NY 12533
      View Details
    • $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
      View Details
    • $395,000

      Residential Land Near Transportation Hubs

      Residential land for sale, convenient access to major transportation routes.
      Sylvan Lake Rd, Hopewell Junction, NY 12533
      View Details

    Similar Nearby for Lease

    • $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
    • $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
      View Details
    • $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
    • $2,500 /Mo

      East Fishkill Office/Retail Space

      Office/Medical/Retail space for lease on Route 52.
      1989 1983, 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
    • $24 SF/Yr
      24,000 SF

      Route 52 Office Space Available

      Flexible Suites, Prime Location
      10 Corporate Park Dr, Hopewell Junction, NY 12533
      View Details
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    Hopewell Junction, NY 12533-3513
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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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