Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    426 Ny-28 Kingston, NY 12401

    • Retail properties
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 426 Ny-28

    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This 2,150-square-foot freestanding retail building enjoys a prime location on State Route 28 in Kingston, New York, just two miles west of the New York State Thruway Exit 19. Its high-visibility position on a major thoroughfare ensures significant traffic exposure, providing excellent branding opportunities. The flexible Highway Commercial zoning allows for a wide range of uses, including restaurants (bagel shop, donut shop, bakery, etc.), retail (barber shop, nail salon, smoke shop, gallery, antique store, etc.), or office space. Other possibilities include showroom, auto/truck sales, limo or towing company, or contractor's office. Zoning even permits retail cannabis sales. The property features a cleared and level lot suitable for outdoor dining, display, parking, or storage, along with two curb cuts. The ample space accommodates truck parking. A stream runs along the property's rear. Drive-thru potential exists with the necessary permits. The parcel can be combined with adjacent land to expand frontage. This exceptional location offers businesses unparalleled access to traffic flowing from the Thruway, Kingston, and Rhinebeck towards Woodstock, Hunter Mountain, and other western destinations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kingston
    County
    Ulster
    State
    New York
    Longitude
    -74.0576
    Latitude
    41.9612

    Comparable in this City

    • Value Estimation by Request
      17,250 SF

      240 Blvd Ct

      Restaurants • 17,250 SF
      240 Blvd Ct, Kingston, NY 12401
      View Details
    • Value Estimation by Request
      10,000 SF

      236 Wall St

      Office space • 10,000 SF
      236 Wall St, Kingston, NY 12401
      View Details
    • Value Estimation by Request
      50,000 SF

      18 Miron Ln

      Retail properties • 50,000 SF
      18 Miron Ln, Kingston, NY 12401
      View Details
    • Value Estimation by Request
      1.40 Acres

      650-670 Frank Sottile Blvd

      Land • 1.40 Acres
      650-670 Frank Sottile Blvd, Kingston, NY 12401
      View Details
    • Value Estimation by Request
      100,000 SF

      500-990 Miron Ln

      Neighborhood centers • 100,000 SF
      500-990 Miron Ln, Kingston, NY 12401
      View Details
    • Value Estimation by Request
      432 SF

      63 Basin Rd

      NURSERY, GREENHOUSE, FLORIST • 432 SF
      63 Basin Rd, Kingston, NY 12401
      View Details

    Similar Nearby for Sale

    • $1,450,000
      6,000 SF

      Uptown Kingston Mixed-Use Building

      Prime Kingston investment: 5-unit building, restaurant.
      11 Main St, Lincoln Park, NY 12401
      View Details
    • $695,000

      Versatile Building on Busy Thoroughfare

      Sprawling multi-level building with immense possibilities on a busy avenue.
      411 Albany Ave, Kingston, NY 12401
      View Details
    • $795,000
      1,989 SF

      Kingston Mixed-Use Commercial Building

      Prime Kingston location, high visibility, 1,989 SF
      130 Schwenk Dr, Kingston, NY 12401
      View Details
    • $150,000

      Established Restaurant Business For Sale

      Restaurant business for sale in high-traffic area near malls.
      606 Ulster Ave, Kingston, NY 12401
      View Details
    • $1,100,000

      Turn-Key Mixed-Use Building Opportunity

      Mixed-use building with restaurant and apartments in Kingston, NY.
      346 Broadway, Kingston, NY 12401
      View Details
    • $899,900
      9,475 SF

      Kingston Retail Space - High Traffic Area

      Prime Retail Space, 9,475 sq ft, High Visibility
      1059 Ulster Ave, Kingston, NY 12401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,150 SF

      Kingston Retail Space - Main Road

      2,150 sq ft Freestanding Building, High Visibility
      426 Ny-28, Kingston, NY 12401
      View Details
    • $1,250 /Mo
      18,240 SF

      Kingston Commercial Space with Renovation

      18,240 SF commercial space in Kingston's Midtown Arts District.
      104 Smith Ave, Kingston, NY 12401
      View Details
    • Sponsored
      $1,800 /Mo

      71 Albany Ave

      Excellent retail space. Centrally located with off street parking
      71 Albany Ave, Kingston, NY 12401
      View Details
    • $4,800 /Mo

      Turnkey Restaurant Space in Kingston

      Fully equipped restaurant space in the heart of Kingston's uptown.
      284 Wall St, Kingston, NY 12401
      View Details
    • Contact for pricing
      24,827 SF

      Kingston Office and Retail Space

      Office and retail spaces available for rent in Kingston, NY.
      275 Fair St, Kingston, NY 12401
      View Details
    • $2,860 /Mo
      1,500 SF

      Retail/Office Space in Kingston Plaza

      1500 SF retail/office space in a prime Ulster County location.
      1076 Morton Blvd, Kingston, NY 12401
      View Details
    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.
    426 Ny-28
    Kingston, NY 12401
    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

    Google sign-in failed. Please try again or use another login method.