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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Distribution properties
409 Rte 82, Hopewell Junction, NY 12533-3603
Entity Owned
5-yr Hold
Free & Clear
Property ID
US63-3838430
Property profile
Verified
Property type
Distribution properties
Use group
BUS TERMINAL
Year built
1950
Total area
10,066 SF
Lot
2.4 ac (104,544 SF)
Zoning code
R1
APN
132800 6357-03-325144-0000
UPID
US63-3838430
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$460k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$910k
Blend (final)
Blend
$685k
Owner & transaction history
Millbrook Properties LLC · 5 yrs held
Millbrook Properties LLC
since 2021
1 recorded transaction
Zoning & alternative use
R1 · Hopewell Junction, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+65.8%
Restaurant
$1.0M
+53.7%
Auto repair, garage
$995,000
+49.9%
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
by Request
ML approach
$460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
TRUCK TERMINAL (MOTOR FREIGHT)
$665,000
Current use
COMMERCIAL (GENERAL)
$1,100,000
Change: +66% · Conversion: Difficult
RESTAURANT
$1,020,000
Change: +54% · Conversion: Difficult
AUTO REPAIR, GARAGE
$995,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$770,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$695,000
Change: +5% · Conversion: Difficult
MEDICAL BUILDING
$630,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$545,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$68 / 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
$38,427
Tax year 2020
Assessed value
$1,254,500
Assessed 2023
Previous assessed
$1,254,500
+0.0% YoY
Effective rate
3.06%
On assessed value
Assessed land
$380,000
Assessed improvement
$874,500
Land market value
$380,000
Improvement market value
$874,500
Total market value
$1,254,500
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
Distribution properties
Use group
BUS TERMINAL
Status
Off-Market
Year built
1950
Heating
NONE
Stories
2
Total area
10,066 SF
Lot
2.4 ac (104,544 SF)
Zoning code
R1
APN
132800 6357-03-325144-0000
UPID
US63-3838430
Jurisdiction
DUTCHESS
Zoning & alternative use
R1 · Hopewell Junction, NY
Zoning R1 · permitted uses
R1 · 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
TRUCK TERMINAL (MOTOR FREIGHT) Current
Est. value
$665,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
RESTAURANT
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$995,000
RETAIL STORES
Est. value
$770,000
OFFICE BUILDING
Est. value
$695,000
MEDICAL BUILDING
Est. value
$630,000
WAREHOUSE, STORAGE
Est. value
$545,000
TRUCK TERMINAL (MOTOR FREIGHT) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
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
1950
Heating
NONE
Stories
2
Lot
2.4 ac
Current owner
From public records · entity-resolved
Millbrook Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 33, HOPEWELL JUNCTION, NY 12533-0033
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Mar 31, 2021
—
Millbrook Properties LLC
Emil Panichi
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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