Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    25 Boices Ln Kingston, NY

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space in a high-traffic shopping corridor in Kingston.

    Type:RETAIL
    Property size:
    31,426 SF
    Lot size:
    4.26 Acres
    Added:
    Oct 3, 2024
    Days on Market:
    576
    Last Refresh:
    Apr 5 at 9:31 pm

    Property Features for 25 Boices Ln

    General Information

    Standard status
    Active
    Size
    31,426 SF
    Lot size
    4.26 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 25 Boices Ln Contact us

    We can help!

    Listing Contact
    Andrew Peckage
    Andrew Peckage

    Listing agent Andrew Peckage

    Listing office TRG

    Listing date Oct 3, 2024

    Source Moodyscre

    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 TRG

    Overview

    Prime Retail Space in Kingston

    This retail property is situated in the heart of Ulster County's shopping corridor, surrounded by approximately 2 million square feet of retail space. The site benefits from a shared traffic signal with a shopping center anchored by Home Depot, and also features a signalized entrance off Boices Lane. Located at the intersection of Route 9W, which sees an average annual daily traffic (AADT) count of 24,109, and Boices Lane, with an AADT of 10,567, the property offers high visibility and accessibility. The property has a size of 31,426 square feet. Potential center naming rights and anchor tenant pylon signage are available. A pad site is also available for a drive-thru kiosk.
    Location Intelligence

    Current Use by Public Records

    Harbor Freight Tools Building Supply

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

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

    Similar Places Nearby

    • Hudson Valley Mall — 1300 Ulster Ave, Kingston, NY 12401
    • Kings Mall — 1200 Ulster Ave, Kingston, NY 12401
    • Hudson Valley Plaza — 801 Frank Sottile Blvd, Kingston, NY 12401

    Location Insight

    • Map
    • Local Demand
    City
    Kingston
    County
    Ulster
    State
    New York
    Longitude
    -73.9934
    Latitude
    41.9638

    Nearby Similar for Lease

    • $2,500/Mo

      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

      New Retail Space in Kingston

      New retail space in a mixed-use complex, Kingston, NY.
      110 Cornell Street unit: 1103, Kingston, NY 12401
      View Details
    • $1,814/Mo

      New Retail Space in Kingston

      New retail space in the heart of the Arts District.
      110 Cornell Street unit: 1101, Kingston, NY 12401
      View Details
    • $1,000/Mo

      Kingston Office Space For Lease

      Office space for lease in Kingston's Historic Stockade District.
      10 Westbrook Lane unit: 3, Kingston, NY 12401
      View Details
    • Contact for pricing

      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
    • Contact for pricing

      Uptown Kingston Flexible Space

      22,680 SF flexible space in Kingston's Stockade District.
      61 Crown St, Kingston, NY 12401
      View Details
    • $2,500/Mo

      High-Exposure Commercial Space in Kingston

      Versatile commercial space in a high-traffic Kingston retail corridor.
      890-896 Ulster Ave 1, Kingston, NY 12401
      View Details
    • $3,000/Mo

      Kingston Office Space For Rent

      Highly visible office space in a vibrant Kingston corridor.
      730 Broadway Suite 1, Kingston, NY 12401
      View Details
    • Contact for pricing

      High-Visibility Office Space Available

      2,000+ sq ft office space in prime location.
      790 Ulster Ave, Kingston, NY 12401
      View Details
    • $650/Mo

      Uptown Kingston Office Space

      Second-floor office in Uptown Kingston with utilities included.
      159 Green St 24a, Kingston, NY 12401
      View Details
    • Contact for pricing

      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
    • Contact for pricing

      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

    FAQs

    What type of property is this?
    Shopping center - Retail space in a high-traffic shopping corridor in Kingston.
    Where is this shopping center located?
    The property is located at 25 Boices Ln Kingston, NY.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Located in the heart of Ulster County's shopping corridor, surrounded by 2 million SF of retail.; Shares a traffic signal with a Home Depot anchored shopping center.; Signalized entrance off of Boices Lane.
    (518) 859-5005 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andrew Peckage
    Andrew Peckage
    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

    25 Boices Ln, Kingston, NY

    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!