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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Community centers
1217-1221 Ulster Ave, Kingston, NY 12401
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-6118198
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1971
Total area
38,590 SF
Lot
1.9 ac (82,764 SF)
Zoning code
36
APN
515400 48.7-1-24.100
UPID
US63-6118198
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$523k
Blend (final)
Blend
$655k
Owner & transaction history
Saumik Kingston LLC · 14 yrs held
Saumik Kingston LLC
since 2012
7 recorded transactions
Zoning & alternative use
36 · Kingston, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kingston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kingston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$815,000
Current use
Blend value · Realmo final
$655k
Range $590k – $721k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$17 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$1,250,000
Assessed 2023
Previous assessed
$1,250,000
+0.0% YoY
Assessed land
$535,000
Assessed improvement
$715,000
Land market value
$1,070,000
Improvement market value
$1,430,000
Total market value
$2,500,000
Applied tax rate
510,800.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1971
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
2
Total area
38,590 SF
Lot
1.9 ac (82,764 SF)
Zoning code
36
APN
515400 48.7-1-24.100
UPID
US63-6118198
Jurisdiction
ULSTER
Zoning & alternative use
36 · Kingston, NY
Zoning 36 · permitted uses
36 · Kingston, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kingston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$815,000
NEIGHBORHOOD: SHOPPING CENTER Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
Saumik Kingston LLC
Entity
Mailing address
16 MNR DR, MONTICELLO, NY 12701-4118
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2013
—
Saumik Kingston LLC
—
Trustees Deed
related
$150,000 · Rondout Svgs Bk
Mar 25, 2013
—
Saumik Kingston LLC
—
Trustees Deed
related
$1,100,000 · Rondout Savings Bank
Mar 30, 2012
$1,200,000
Saumik Kingston LLC
Servco INC
Grant Deed
$900,000 · Big Matt Associates INC
May 3, 2010
$1,515,000
Servco INC
Referee Of Ulster County
Trustees Deed
—
Feb 25, 2004
$2,175,000
Kingston Holdings LLC
Anaconda Sports INC
Grant Deed
related
$2,000,000 · Charter One Bank
—
—
Beer World 3 Corp|saumik Kingston LLC
—
Loan Modification
related
$150,000 · Rondout Svgs Bk
—
—
Saumik Kingston LLC
—
Loan Modification
related
$2,000,000 · Rondout Savings Bank
—
—
Saumik Kingston LLC
—
Loan Modification, Consolidation And Extension
related
$3,600,000 · Td Bk NA
—
—
Saumik Kingston LLC
—
Deed Of Trust
related
$350,000 · Rondout Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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