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    906 New York 28 Kingston, NY 12401

    • Specialty properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 906 New York 28

    Property type
    Specialty properties
    Property subtype
    Land

    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
    -74.0857
    Latitude
    41.9821

    Comparable in this City

    • Value Estimation
      $265,000
      6.70 Acres

      Rte 213

      PROFESSIONAL CLUBS/ASSOCIATIONS • 6.70 Acres
      Rte 213, Kingston, NY 12401
      View Details
    • Value Estimation
      $355,000
      5,163 SF

      456 Albany Ave

      VETERINARY, ANIMAL HOSPITAL • 5,163 SF
      456 Albany Ave, Kingston, NY 12401-2139
      View Details
    • Value Estimation
      $320,000
      7,763 SF

      35 Cedar St

      CHARITABLE ORGANIZATION • 7,763 SF
      35 Cedar St, Kingston, NY 12401-5013
      View Details
    • Value Estimation
      $310,000
      5,239 SF

      3040 State Rte 32

      VETERINARY, ANIMAL HOSPITAL • 5,239 SF
      3040 State Rte 32, Kingston, NY 12401-8655
      View Details
    • Value Estimation
      $315,000
      2,788 SF

      2053 State Rte 32

      FUNERAL HOME • 2,788 SF
      2053 State Rte 32, Kingston, NY 12401
      View Details
    • Value Estimation
      $300,000
      3,312 SF

      18 Oreilly St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,312 SF
      18 Oreilly St, Kingston, NY 12401-5715
      View Details

    Similar Nearby for Sale

    • $549,000

      Kingston Specialty Property for Sale

      Specialty property available for purchase in Kingston, New York.
      102 Greenkill Ave, Kingston, NY 12401
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    • Contact for pricing
      1.40 Acres

      Kingston Retail Land Opportunity

      1.4 Acres, Prime Retail Location
      650-670 Frank Sottile Blvd, Kingston, NY 12401
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    • $39,900

      Vacant Lot Near Rail Trail

      Vacant lot with rail trail access in Kingston, NY.
      99 Gross St, Kingston, NY 12401
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    • $45,000

      Land For Sale Kingston

      Land available for sale in Kingston, New York.
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    • $995,000

      Approved Hilltop Enclave in Rondout

      Approved nine-residence community with river views in Kingston's Rondout District.
      24 W Union St, Kingston, NY 12401
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    • $995,000
      15,265 SF

      Kingston Historic District Church Property

      Unique investment opportunity in Kingston's historic Rondout district.
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    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Kingston Industrial Property: Prime Location

      Flexible Zoning, Multiple Spaces Available
      436 Ny-28, Kingston, NY 12401
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    • $249,000

      Commercial Land Near Hudson Valley

      Commercial land for rent near Hudson Valley Mall and Plaza.
      650-670 Frank Sottile Blvd, Kingston, NY 12401
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    • Contact for pricing

      Commercial Land on Route 9W

      Land available for rent at Route 9W intersection.
      1357 Ulster Ave, Kingston, NY 12401
      View Details
    • 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
    • $22 SF/Yr
      56,950 SF

      Class A Office Space Available

      5,523 SF Class A office space for rent.
      918 Ulster Ave, Kingston, NY 12401
      View Details
    • $650 /Mo

      Historic Uptown Kingston Office Space

      Office space for rent in historic Uptown Kingston location.
      42 Crown St, Kingston, NY 12401
      View Details
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    906 New York 28
    Kingston, NY 12401
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    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
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