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Property profile & analytics
OFF-MARKET
Estimated value
$1,955,000
Banks
180 Schwenk Dr, Kingston, NY 12401-2940
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-2167956
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1971
Total area
47,038 SF
Lot
4.96 ac (216,058 SF)
Zoning code
C-2
APN
510800 48.71-1-6
UPID
US63-2167956
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
Current use
Occupant on record · Public records
-
Ulster Insurance Services Inc Insurance Agency
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
FedEx Drop Box Postal Service Courier Service
-
Ulster Home Mortgage Inc Atm
-
Ulster Savings ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.96M
Owner & transaction history
Ulster Savings Bank · 5 yrs held
Ulster Savings Bank
since 2021
2 recorded transactions
Zoning & alternative use
C-2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$42 / 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
$5,489,000
Assessed 2023
Previous assessed
$5,489,000
+0.0% YoY
Assessed land
$503,000
Assessed improvement
$4,986,000
Land market value
$824,590
Improvement market value
$8,173,771
Total market value
$8,998,361
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1971
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
47,038 SF
Lot
4.96 ac (216,058 SF)
Zoning code
C-2
APN
510800 48.71-1-6
UPID
US63-2167956
Jurisdiction
ULSTER
Zoning & alternative use
C-2 · Kingston, NY
Zoning C-2 · permitted uses
C-2 · 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.
Building & site characteristics
From public records
Year built
1971
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
4.96 ac
Current owner
From public records · entity-resolved
Ulster Savings Bank
Entity
Free & Clear · 5 yrs held
Mailing address
280 WALL ST, KINGSTON, NY 12401-3866
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2021
—
Ulster Savings Bank
Matthew Miller
Deed
—
Jan 24, 2018
$76,530
Stephen J Sarvis JR
Ulster County Savings Bank
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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