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    1561 Ulster Ave Lake Katrine, NY 12449

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    1561 Ulster Ave Lake Katrine, NY 12449

    View on Map
    • Office buildings
    • 80,640 SF
    • 6.10 lot acres
    For Lease
    $13,960,000
    View Listing →
    Medical Office Space Available For Lease
    $13,960,000
    18,740 SF

    Medical Office Space Available

    Medical office space with road access and visibility.

    1561 Ulster Avenue, Lake Katrine, NY 12449
    View Listing
    Property ID
    US63-5044747
    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

    • Optum Multi-Specialty - Kingston / Medical Group
    • Mid-Hudson Care Center (AIDS and HIV Medicine) / Medical Clinic
    • Albany Med Kingston / Medical Group
    • Douglas Heller, MD / Physician
    • Dr. Howard Hinestroza MD / Pediatrician / Medical Clinic

    Property Details for 1561 Ulster Ave

    Year built
    2014
    Lot size
    6.10 lot acres
    Property size
    80,640 SF
    Zone code
    37
    Property type
    Office buildings
    APN
    515400 39.82-2-7.111
    APU
    515400398227111

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $15,931,000
      Market price range: $7.15M - $15.9M
      AI Estimate
      $12,875,000
      Market price range: $3.22M - $12.9M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $10,975,000
      Current use
      RESTAURANT
      $15,750,000
      Change: +44% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $15,165,000
      Change: +38% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $13,650,000
      Change: +24% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Katrine
    County
    Ulster
    State
    New York
    Longitude
    -73.9909
    Latitude
    41.9765
    CBSA code
    28740
    CBSA name
    KINGSTON, 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
    0
    $0.00
    $3,000,000
    $31,500,000
    $34,500,000
    -
    $6,000,000
    $63,000,000
    $69,000,000

    Comparable in this City

    • Value Estimation
      $565,000
      2,828 SF

      221 Tuytenbridge Rd

      OFFICE BUILDING • 2,828 SF
      221 Tuytenbridge Rd, Lake Katrine, NY 12449-5441
      View Details
    • Value Estimation
      $4,000,000
      309,120 SF

      701 Grant Ave

      OFFICE BUILDING • 309,120 SF
      701 Grant Ave, Lake Katrine, NY 12449-5355
      View Details
    • Value Estimation
      $1,235,000
      7,305 SF

      1733 Rte 9w

      PROFESSIONAL BUILDING • 7,305 SF
      1733 Rte 9w, Lake Katrine, NY 12449-5426
      View Details
    • Value Estimation
      $2,285,000
      214,920 SF

      901 Grant Ave

      OFFICE BUILDING • 214,920 SF
      901 Grant Ave, Lake Katrine, NY 12449
      View Details
    • Value Estimation
      $1,310,000
      7,160 SF

      1 Town Hall Rd

      OFFICE BUILDING • 7,160 SF
      1 Town Hall Rd, Lake Katrine, NY 12449-5246
      View Details
    • Value Estimation
      $810,000
      14,175 SF

      315 Grant Ave

      PROFESSIONAL BUILDING • 14,175 SF
      315 Grant Ave, Lake Katrine, NY 12449-5342
      View Details

    Similar Nearby for Sale

    • New
      $399,000
      3,268 SF

      Versatile Mixed-Use Investment Opportunity

      Income-generating property with commercial space and residential units.
      1950-1958 Ulster Ave, Lake Katrine, NY 12449
      View Details
    • $795,000
      6,273 SF

      Versatile Commercial Property with Income

      Mixed-use property with restaurant, apartments, and duplex for sale.
      3 Lohmaier Ln, Lake Katrine, NY 12449
      View Details
    • New
      $399,000
      1,874 SF

      Versatile Mixed-Use Investment Opportunity

      Income-generating property with commercial space and residential units.
      1950-1958 Ulster Ave, Lake Katrine, NY 12449
      View Details
    • $795,000
      Pending

      Versatile Commercial Property with Income Potential

      Commercial property with restaurant, office, apartments, and duplex.
      3 Lohmaier Ln, Lake Katrine, NY 12449
      View Details
    • Contact for pricing

      Residential Lot in Hudson Valley

      Large residential lot ready for building in Lake Katrine.
      6 Paupawey Ct, Lake Katrine, NY 12449
      View Details
    • Contact for pricing

      Lake Katrine Versatile Land Parcel

      Land parcel in Lake Katrine, minutes from NYS Thruway.
      176 Lake Rd, Lake Katrine, NY 12449
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      18,740 SF

      Medical Office Space Available

      Medical office space with road access and visibility.
      1561 Ulster Ave, Lake Katrine, NY 12449
      View Details
    • Contact for pricing

      NY, Lake Katrine - Grant Ave

      Discover many ways to work your way in UT, Clearfield - Legend Hills Dr
      701 Grant Ave, Lake Katrine, NY 12449
      View Details
    View Listing
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    Lake Katrine, NY 12449
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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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