Kinderhook Retail and Garage
For Sale
Contact for pricing
1033 Kinderhook St, Valatie, NY 12184
Retail and garage space with expansion opportunity in Kinderhook.
Property Size1,998 SF
Price / SF$435.44
Days on Market942
Property Features for 1033 Kinderhook St
General Information
Standard status
Active
Size
1,998 SF
Class
C
Total Parking Spaces
20
Property subtype
Retail
Zoning
Commercial w/ Variance
Building Details
Stories
1
Listing Agency:
Berkshire Hathaway HomeServices Blake, REALTORS Albany
(518) 858-4719
Listed By:
Karen Zalewski-Wildzunas · License #NY 10401299136
Source:
Crexi
Added: Jan 22, 2024
Changed: Aug 8
Last Checked: Aug 21 at 5:44AM
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 Berkshire Hathaway HomeServices Blake, REALTORS Albany
Investment Insights
Based on property information with market context.
This property presents an opportunity to own a business with both retail and garage space located in the Hamlet of Kinderhook. The property includes a building, equipment, and contracts. The site offers the potential for expansion due to its large lot size. The building has a size of 1998 square feet.
Key Highlights
- Opportunity to own a business with retail and garage space.
- Includes building, equipment, and contracts.
- Opportunity to expand on a large lot.
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
$27,519
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
3.16%
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%
$550,380
$550.4K
Cap Rate 7%
$393,129
$393.1K
Cap Rate 9%
$305,767
$305.8K
Market Conditions
NOI Build-Up for 1,998 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
$43.9K $21.96/SF
− Vacancy
−$4.6K −$2.28/SF
EGI
$39.3K $19.68/SF
− OpEx
−$11.8K −$5.90/SF
NOI
$27.5K $13.77/SF
Area
Columbia County, NY
Vacancy
10.40%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$550,380
Cap Rate 7%
$393,129
Cap Rate 9%
$305,767
Alternative Uses
Best Use
Industrial
$393.1K
$344.0K – $458.7K
NOI $27,519 @ 7.0% cap · market cap 3.16%
Second Best
Retail
$300.4K
$262.9K – $350.5K
NOI $21,029 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$494.3K
$432.5K – $576.7K
NOI $34,602 @ 7.0% cap · market cap 3.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
29k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Home Improvements & Furnishings 12%
Dining 7%
Ocean State Job Lot
Shops & Services
15,095 visits/mo
0.4 miles
Cumberland Farms
Shops & Services
8,408 visits/mo
0.2 miles
Marios True Value Hardware
Home Improvements & Furnishings
3,596 visits/mo
0.1 miles
SUBWAY
Dining
2,082 visits/mo
0.2 miles
Demographics for 12184, NY
7,178
Population
3,415
Households
2.1
Avg Household Size
48
Median Age
38%
College-Educated
94%
High-School Grad
39.4 sq mi
ZIP Area
182
Density / Sq Mi
$91,616
Median Household Income
$52,946
Median Earnings
$1,131
Median Rent
$311,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Auto shop - Retail and garage space with expansion opportunity in Kinderhook.
Where is this auto shop located?
The property is located at 1033 Kinderhook St Valatie, NY.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Opportunity to own a business with retail and garage space.; Includes building, equipment, and contracts.; Opportunity to expand on a large lot.
