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    104 Smith Ave Kingston, NY 12401

    Sponsored
    For Lease
    $1,250 /Mo ($0.82 SF/Yr)

    COMMERCIAL - Kingston, NY

    Property size:
    18,240 SF
    Lot size:
    0.77 Acres
    Days on Market:
    86
    Last Refresh:
    Jan 19 at 12:06 pm

    Property Features for 104 Smith Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security Lighting
    Zoning
    T5F-T5 Flex
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 3
    Bathrooms
    4
    APN
    48.82
    Parking
    14
    Exterior features
    Lighting
    Accessibility
    Accessible Approach with Ramp
    Size
    18,240 SF
    Lot size
    0.77 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Ductless (Heating)
    Cooling system
    Heat Pump, Ductless
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Flooring type
    Wood
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Brian Cafferty
    Brian Cafferty

    Halter Associates Realty (845) 679-2010 [email protected]

    Listing agent Brian Cafferty (914) 474-8480

    Listing date Oct 26, 2025

    Copyright © 2025 Hudson Valley Catskill Region MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Kingston Commercial Space with Renovation

    Located at 104 Smith Ave in Kingston, NY, this commercial building offers 18,240 square feet of space with an additional 9,120 square foot basement. Formerly part of the Fowler & Keith building supply Company and originally built around the turn of the 20th Century as a granary, the building features massive timber supports. The building can be subdivided and built to suit. The first floor of the building has been rented. The remaining space is on the second floor, which has elevator access. The rent reflected in the lease price posted in the listing would be an example of a 1000 SF leased space, which would be 1250 per month. The property, situated on 0.77 acres, provides off-street parking and ground level retail frontage along Smith Ave. An overhead door and elevator will be added. The building is undergoing a complete exterior renovation, including a new roof, siding, windows, an updated electrical system, and a full fire suppression system. Located in the heart of the Midtown Arts district, it is part of a re-imagined mixed-use complex with new commercial rental spaces and 112 new apartments. Zoned TK5, the location is suitable for light manufacturing, a brewery or distillery, retail, restaurants, and makers spaces. The second floor is suitable for a climbing gym due to its ceiling height.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stihl Lawn Mower Repair Service Birchez Associates LLC Real Estate Developer Saw Horse Lumber Lumber Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kingston
    County
    Ulster
    State
    New York
    Longitude
    -73.999396
    Latitude
    41.931379

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    FAQs

    What type of property is this?
    Manufacturing property - 18,240 SF commercial space in Kingston's Midtown Arts District.
    Where is this manufacturing property located?
    The property is located at 104 Smith Ave Kingston, NY.
    What is the lease rate?
    The lease rate is $0.82 SF/Yr.
    What are key features of this property?
    This property features: - Located in the heart of the Mid-town Arts district, part of a re-imagined mixed-use complex with new commercial spaces and 112 apartments.; - **18,240 Square Foot building with an additional 9120 square foot basement, offering substantial space and flexibility.**; - Building will have a completely new exterior including a new roof, siding, windows, an updated electrical system and full fire suppression system.
    (914) 474-8480
    Request Owner's contact information
    104 Smith Ave Kingston, NY 12401
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    Kingston, NY 12401
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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
    104 Smith Ave Kingston, NY 12401
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    We can help!
    Listing Contact
    Brian Cafferty
    Brian Cafferty
    (914) 474-8480
    Learn more
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