Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wurtsboro Retail Spaces For Lease Title is generated by Realmo AI

    187 Kingston Ave, Wurtsboro, NY 12790

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $16 SF/Yr

    Three retail/office spaces available in Stewart's Shop plaza.

    Type:Commercial
    Lot size:
    0.81 Acres
    Added:
    Nov 27, 2025
    Days on Market:
    175
    Last Refresh:
    May 19 at 9:41 pm

    Property Features for 187 Kingston Ave

    General Information

    Standard status
    Active
    Lot size
    0.81 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    Dennis J Gillespie

    Listing agent Dennis J Gillespie License #10301212320

    Listing office Rand Commercial - Orange County

    Listing date Nov 27, 2025

    Source Elliman

    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 Rand Commercial - Orange County

    HighLights

    • High‑visibility location in the heart of Wurtsboro's business area with significant traffic.
    • Three spaces available, offering flexibility in size (870 sqft, 1,131 sqft, and 1,800 sqft).
    • Pylon signage available for each tenant.
    • Ample on‑site parking.
    • Located next to Stewart's Shop and near the intersection of Route 209 and Sullivan St.
    • Competitive lease rate at $16/square foot, Modified Gross.

    Overview

    Three spaces are available for lease in a plaza anchored by Stewart's Shop. The property is located in the heart of the Wurtsboro village business area, offering high traffic and visibility. Signage is available for each tenant on the existing pylon sign. On-site parking is provided. The available spaces include a 1,131-square-foot former martial arts studio featuring an open layout, an 1,800-square-foot retail/office space formerly used as a dental office, and an 870-square-foot retail/office store. The spaces are ready for tenant finishes. The property is situated near the intersection of Route 209 and Sullivan Street. Some use restrictions may apply.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gotta Luv It ... Restaurant Ming Moon Restaurant NYBBC TAEKWONDO MARTIAL ... Training Center Gotta Luv It Restaurant

    Suggested Use

    Restaurant Law Firm Dental Office Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Wurtsboro
    County
    Sullivan
    State
    New York
    Longitude
    -74.4881
    Latitude
    41.5782

    Nearby Similar for Lease

    • $1,400/Mo
      1,200 SF

      Wurtsboro Commercial Space For Lease

      Second-floor commercial space in the heart of Wurtsboro, New York.
      126 Sullivan Street, Wurtsboro, NY 12790
      View Details
    • $2,525/Mo

      Modern Townhome in Wurtsboro

      Modern 2-bedroom, 1.5-bath townhome near Wurtsboro town center.
      127 Pine St 4, Wurtsboro, NY 12790
      View Details
    • $16 SF/Yr
      1,800 SF

      Retail/Office Space in Wurtsboro

      Retail/office spaces available for lease in Wurtsboro, NY.
      175 US-209, Wurtsboro, NY
      View Details

    FAQs

    What type of property is this?
    Strip mall - Three retail/office spaces available in Stewart's Shop plaza.
    Where is this strip mall located?
    The property is located at 187 Kingston Ave Wurtsboro, NY.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: High‑visibility location in the heart of Wurtsboro's business area with significant traffic.; Three spaces available, offering flexibility in size (870 sqft, 1,131 sqft, and 1,800 sqft).; Pylon signage available for each tenant.
    (845) 744-2095
    We can help!
    Listing Contact
    Dennis J Gillespie
    Real Estate License ID: 10301212320
    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
    187 Kingston Ave, Wurtsboro, NY 12790
    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!