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    1355 Kings Hwy Chester, NY 10918
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    Property profile & analytics

    1355 Kings Hwy Chester, NY 10918

    View on Map
    • Showrooms
    • 2,400 SF
    • 2.30 lot acres
    For Sale
    $799,999
    View Listing →
    Chester Commercial Building, Lakefront For Sale
    $799,999
    3,600 SF

    Chester Commercial Building, Lakefront

    Prime 2.3-acre commercial property, expansion potential.

    1355 Kings Hwy, Chester, NY 10918
    View Listing
    Property ID
    US63-4056213
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • SPM Associates / Real Estate Agency

    Property Details for 1355 Kings Hwy

    Year built
    1985
    Lot size
    2.30 lot acres
    Property size
    2,400 SF
    Zone code
    LBSL
    Property type
    Showrooms
    APN
    332289 13-3-2
    APU
    3322891332

    Description

    This exceptional commercial property, located at 1355 Kings Hwy in Chester, NY, presents a unique investment opportunity. The two-story building offers 3,600 square feet of existing space situated on a generous 2.3-acre lot boasting 500 feet of stunning lake frontage. Its prime location within the historic Sugar Loaf district offers unparalleled visibility and accessibility. The property benefits from its position along the popular Sugar Loaf Artisan Hamlet Walking Path, surrounded by thriving businesses including the Sugar Loaf Performing Arts Center and numerous boutiques and shops. Proximity to local breweries, wineries, Goosepond Mountain, Warwick State Park, Castle Fun Center, LEGOLAND, and Mount Peter Ski Area adds to its appeal. Convenient access to major interstate highways (I-84, Route 6, and Route 17) within a 15-minute drive enhances its logistical advantages. Previous preliminary approvals exist for a significant expansion to 7,800 square feet, making it ideally suited for a variety of uses, including a farm-to-table restaurant, tasting room, brewery, or wedding venue. The LB-SL zoning district allows for expansive development possibilities. This property's combination of location, size, and potential makes it an exceptional investment opportunity. The existing structure provides immediate income potential while the expansion possibilities offer significant long-term growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Orange
    State
    New York
    Longitude
    -74.288
    Latitude
    41.3176
    CBSA code
    39100
    CBSA name
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $0.00
    $93,000
    $157,000
    $250,000
    -
    $226,846
    $382,954
    $609,800

    Comparable in this City

    • Value Estimation
      $1,545,000
      15,282 SF

      2952 State Rte 94

      SHOW ROOM, WAREHOUSE • 15,282 SF
      2952 State Rte 94, Chester, NY 10918-4206
      View Details
    • Value Estimation by Request
      2,464 SF

      1361 Kings Hwy

      SHOW ROOM, WAREHOUSE • 2,464 SF
      1361 Kings Hwy, Chester, NY 10918
      View Details
    • Value Estimation
      $745,000
      8,800 SF

      Hardscrabble Rd

      SHOW ROOM, WAREHOUSE • 8,800 SF
      Hardscrabble Rd, Chester, NY 10918
      View Details
    • Value Estimation
      $1,205,000
      12,641 SF

      39 Brookside Ave

      RETAIL STORES (PERSONAL SERVICES) • 12,641 SF
      39 Brookside Ave, Chester, NY 10918-1409
      View Details
    • Value Estimation
      $3,450,000
      3,000 SF

      74 Brookside Ave

      FINANCIAL BUILDING • 3,000 SF
      74 Brookside Ave, Chester, NY 10918-1035
      View Details
    • Value Estimation by Request
      2,952 SF

      87 Brookside Ave

      FINANCIAL BUILDING • 2,952 SF
      87 Brookside Ave, Chester, NY 10918-1001
      View Details

    Similar Nearby for Sale

    • $1,000,000
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      walking distance to the Heritage Trail

      as well as many businesses in this up and coming historic downtown area. TERRIFIC MIXED-USE INCOME PRODUCER (potential rent roll of close to $10
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    • $799,999
      3,600 SF

      Chester Commercial Building, Lakefront

      Prime 2.3-acre commercial property, expansion potential.
      1355 Kings Hwy, Chester, NY 10918
      View Details
    • $799,000

      Retail Location Near Plaza

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      Retail space available next to plaza with village utilities.
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    • $1,750,000
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      Car wash in high-traffic area, suitable for various uses.
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    Similar Nearby for Lease

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    View Listing
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    Chester, NY 10918
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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.

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