Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Kingston Office Space For Rent Title is generated by Realmo AI

    243 Fair Street #2a, Kingston, NY 12401

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $750/Mo $1.18 SF/Yr (calc)

    Office space in historic Kingston, utilities included.

    Type:Commercial
    Property size:
    7,602 SF
    Lot size:
    0.11 Acres
    Added:
    Dec 4, 2024
    Days on Market:
    534
    Last Refresh:
    Apr 5 at 8:58 pm

    Property Features for 243 Fair Street #2a

    General Information

    Standard status
    Active
    Size
    7,602 SF
    Lot size
    0.11 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1955

    We can help!

    Listing Contact
    DANIEL HAUSPURG
    DANIEL HAUSPURG

    Listing agent DANIEL HAUSPURG

    Listing office POTTER REALTY

    Listing date Dec 4, 2024

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of POTTER REALTY

    HighLights

    • Premium Kingston location across from the County Office Building.
    • Gross lease, all utilities included.
    • Located in the heart of Historic Uptown Kingston.
    • Walk to shops and restaurants of the Stockade district.
    • Light‑filled office space.
    • Additional adjoining 225 square foot office available.

    Overview

    This office space is located in a premium Kingston location, across the street from the County Office Building, in the heart of Historic Uptown Kingston. The available suite comprises 2 rooms, offering an opportunity to be in the center of Kingston County activity. The location allows walking access to the shops and restaurants of the Stockade District. The office space is 350 square feet. An additional adjoining office of 225 square feet is also available. The rent is a gross lease, and all utilities are included. The property size is 7602 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Yoga Lab Gym & Fitness Center BetterHealth Insurance LLC Insurance Agency Kingston Conservatory of Music Music Venue LOLA Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingston
    County
    Ulster
    State
    New York
    Longitude
    -74.018
    Latitude
    41.9326

    Nearby Similar for Lease

    • $2,500/Mo
      1,200 SF

      High-Exposure Commercial Space in Kingston, NY

      Versatile commercial space in a high-traffic retail corridor.
      890-896 Ulster Avenue, Kingston, NY 12401
      View Details
    • $2,588/Mo
      1,294 SF

      New Retail Space in Kingston

      Premier retail space in Midtown Arts District, Kingston, NY.
      110 Cornell Street, Kingston, NY 12401
      View Details
    • $1,000/Mo
      8,666 SF

      Kingston Office Space For Lease

      Office space for lease in Kingston's Historic Stockade District.
      10 Westbrook Lane, Kingston, NY 12401
      View Details
    • $2,000/Mo
      1,175 SF

      Kingston Office Suite For Rent

      Move-in ready office space in Kingston's Midtown business district.
      138 Pine St Suite 150, Kingston, NY 12401
      View Details
    • $10,000/Mo
      22,680 SF

      Uptown Kingston Flexible Space

      22,680 SF flexible space in Kingston's Stockade District.
      61 Crown St, Kingston, NY 12401
      View Details
    • $3,000/Mo
      2,000 SF

      High-Visibility Office Space Available

      2,000+ sq ft office space in prime location.
      790 Ulster Ave, Kingston, NY 12401
      View Details
    • $12 SF/Yr
      471 SF

      Uptown Kingston Lower-Level Office Suite

      Functional 471 SF office suite in desirable Uptown Kingston.
      159 Green St L1, Kingston, NY 12401
      View Details
    • Sponsored
      $1,800/Mo
      1,300-1,300 SF

      71 Albany Ave

      Retail space with parking, central air, heat, and high ceilings.
      71 Albany Ave, Unit 1, Kingston, NY 12401
      View Details
    • $4,950/Mo
      1,200 SF

      Uptown Kingston Restaurant Space Available

      Unique restaurant/hospitality space with custom buildout potential in high-traffic location.
      316 Wall Street, Kingston, NY 12401
      View Details
    • $2,000/Mo
      1,175 SF

      Kingston Midtown Professional Office Suite

      Move-in ready office space in Kingston's Midtown business district.
      138 Pine Street #Suite 150, Kingston, NY 12401
      View Details
    • $2,500/Mo
      2,690 SF

      Historic Stockade District Office Space

      Iconic Victorian building with flexible office suites for rent.
      79 Saint James Street #1-6, Kingston, NY 12401
      View Details
    • $900/Mo
      6,728 SF

      Kingston Professional Office Suites Available

      Newly constructed office suites ideal for medical, wellness, or creative use.
      166 Albany Avenue, Kingston, NY 12401
      View Details

    FAQs

    What type of property is this?
    Office units - Office space in historic Kingston, utilities included.
    Where is this office units located?
    The property is located at 243 Fair Street #2a Kingston, NY.
    What is the lease rate?
    The lease rate is $750 /Mo.
    What are key features of this property?
    This property features: Premium Kingston location across from the County Office Building.; Gross lease, all utilities included.; Located in the heart of Historic Uptown Kingston.
    (845) 331-0898
    We can help!
    Listing Contact
    DANIEL HAUSPURG
    DANIEL HAUSPURG
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    243 Fair Street #2a, Kingston, NY 12401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!