Mixed-Use Commercial Property with
For Sale
$1,495,000
167 Hill Road, Kingston, NY 12401
19.6-acre mixed-use property with recreational attractions and mountain views.
Property Size4,280 SF
Lot Size19.60 Acres
Days on Market91
Property Features for 167 Hill Road
General Information
Standard status
Active
Size
4,280 SF
Lot size
19.60 Acres
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$11,578
Building Details
Building Size
4,280 SF
Year Built
1984
Listing Agency:
Howard Hanna Rand Realty
Listed By:
Rodney Batista
Source:
Gristmillrealestate
Added: May 14
Changed: Aug 10
Last Checked: Aug 11 at 12:11PM
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 Howard Hanna Rand Realty
Investment Insights
Based on property information with market context.
This 19.6-acre mixed-use commercial property offers year-round income potential and mountain views. The property features two buildings and multiple established recreational attractions. The Sawkill Family Ski Center, once a local tourism destination, is located on the property. While inactive for several years, it supported seasonal and year-round activities including skiing, snowboarding, snow tubing, water slides, miniature golf, go-karts, and concession sales. The mixed-use zoning allows for both residential and commercial uses, offering flexibility for future expansion, redevelopment, hospitality ventures, entertainment operations, or residential components. The property is less than 10 minutes from the Thruway and Rhinecliff Bridge, presenting a chance to acquire a destination-style asset with upside potential in all seasons.
Key Highlights
- 19.6‑acre mixed‑use commercial property with year‑round income potential
- Breathtaking mountain views and a scenic setting**
- Multiple established recreational attractions** (skiing, water slides, go‑karts, etc.)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,261
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$905,220
$905.2K
Cap Rate 7%
$646,586
$646.6K
Cap Rate 9%
$502,900
$502.9K
Market Conditions
NOI Build-Up for 4,280 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$77.0K $18.00/SF
− Vacancy
−$4.6K −$1.08/SF
EGI
$72.4K $16.92/SF
− OpEx
−$27.2K −$6.34/SF
NOI
$45.3K $10.58/SF
Area
Ulster County, NY
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$905,220
Cap Rate 7%
$646,586
Cap Rate 9%
$502,900
Alternative Uses
Best Use
Mixed Use
$646.6K
$565.8K – $754.4K
NOI $45,261 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$40.03M
$35.02M – $46.70M
NOI $2,801,788 @ 7.0% cap · market cap 187.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 12401, NY
35,493
Population
16,914
Households
2.1
Avg Household Size
42
Median Age
32%
College-Educated
89%
High-School Grad
58.9 sq mi
ZIP Area
603
Density / Sq Mi
$67,426
Median Household Income
$42,503
Median Earnings
$1,300
Median Rent
$285,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 19.6-acre mixed-use property with recreational attractions and mountain views.
Where is this mixed-use property located?
The property is located at 167 Hill Road Kingston, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 19.6‑acre mixed‑use commercial property with year‑round income potential; Breathtaking mountain views and a scenic setting**; Multiple established recreational attractions** (skiing, water slides, go‑karts, etc.)
