45-49 Foster Rd Hopewell Junction, NY 12533
Property profile & analytics
45-49 Foster Rd Hopewell Junction, NY 12533
- Office buildings
- 5,500 SF
- 2.84 lot acres
Property ID
US63-3248890
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.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 45-49 Foster Rd
- Year built
- 2006
- Lot size
- 2.84 lot acres
- Property size
- 5,500 SF
- Zone code
- B1
- Property type
- Office buildings
- APN
- 132800 6458-04-659005-0000
- APU
- 9223372036854775807
Description
This exceptional investment opportunity presents a fully leased, 13,517 square-foot medical office park situated on 2.06 acres in Hopewell Junction, New York. The property, built in 2006 and comprised of two, two-story buildings, boasts a Class B rating and is currently 100% occupied. Anchored by Community Primary Care, a division of the regionally dominant Premier Medical Group, the property benefits from a strong tenant profile including DaVita, Fresenius Kidney Care, and other healthcare providers. The current lease, a modified gross lease with a corporate guarantee, features a remaining term of 6.9 years (commencing October 1, 2021, and expiring September 30, 2031) and includes a favorable 3.0% annual rent escalation. The property generates a substantial net operating income (NOI) of $444,404, resulting in a compelling 7.25% capitalization rate. The asking price is $6,130,000, translating to $453.50 per square foot. Located on Foster Road in Dutchess County, the property enjoys convenient access to major roadways and is strategically positioned within a thriving healthcare market, proximate to significant medical facilities including Vassar Brothers Medical Center and Mid-Hudson Regional Hospital. The property also offers potential for future redevelopment of an existing 1,340 square-foot residential structure on the site. This presents a rare opportunity to acquire a stable, high-performing medical office asset with significant long-term growth potential.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $992,000
- AI Estimate
- $573,000
Market price range: $376k - $993kMarket price range: $178k - $573k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $615,000 Current use
- AUTO REPAIR, GARAGE
- $885,000 Change: +44% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $755,000 Change: +23% Conversion: Easy
- WAREHOUSE, STORAGE
- $605,000 Change: -2% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hopewell Junction
- County
- Dutchess
- State
- New York
- Longitude
- -73.797
- Latitude
- 41.5908
- 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
$43,085
$300,000
$1,500,000
$1,800,000
-
$300,000
$1,500,000
$1,800,000
