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FOR LEASE
Investment properties
187 Kingston Ave, Wurtsboro, NY 12790
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-2549991
For Lease
1 / 37
$16 SF/Yr
187 Kingston Ave, Wurtsboro, NY 12790
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Property summary
AI-generated overview
This exceptional 1.23-acre lot presents a unique opportunity for development in the desirable Wurtsboro, NY area. Located at 187 Kingston Avenue, this expansive parcel offers significant potential for a variety of projects. The property's size provides ample space for custom home construction, a small-scale commercial venture, or even a multi-family development, subject to local zoning regulations and approvals. The absence of existing structures allows for complete design flexibility, enabling the creation of a property tailored to specific needs and vision. Wurtsboro offers a blend of rural tranquility and convenient access to nearby amenities and transportation routes. This property is ideal for those seeking a blank canvas to build their dream project or capitalize on the growing demand for land in this attractive location. Prospective buyers are encouraged to conduct their own due diligence regarding zoning regulations, building codes, and potential development costs. The property is being offered as-is, where-is. This is a rare opportunity to acquire a substantial piece of land in a highly sought-after area. Serious inquiries only.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1994
Total area
7,200 SF
Lot
1.23 ac (53,579 SF)
Zoning code
C1
APN
484003 105.-2-7.2
UPID
US63-2549991
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
-
Gotta Luv It Pizzeria & Sandwich Shop Restaurant
-
Ming Moon Restaurant
-
NYBBC TAEKWONDO MARTIAL ARTS INC Training Center Sports School
-
Gotta Luv It Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$975k
CAP Approach
CAP
$950k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.02M
Owner & transaction history
Stewarts Shops Corp · 4 yrs held
Stewarts Shops Corp
since 2021
Last sale
$1.1M
2 recorded transactions
Zoning & alternative use
C1 · Wurtsboro, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$725,000
+27.4%
Auto repair, garage
$640,000
+12.6%
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 Wurtsboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wurtsboro 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
$985,000
ML approach
$975,000
CAP Approach
CAP Return
Estimation
6%
$1,030,000
6.5%
$950,000
7%
$885,000
Alternative Use
Use
Estimation
RESTAURANT
$725,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$640,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10% · vs last sale $1.10M (Oct 26 2021)
Last sale anchor
$1.10M
Oct 26 2021
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
$142 / 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
Tax year 2021Property tax & assessments
Tax year 2021
Assessed value
$226,700
Assessed 2023
Previous assessed
$226,700
+0.0% YoY
Assessed land
$86,100
Assessed improvement
$140,600
Land market value
$229,600
Improvement market value
$374,933
Total market value
$604,533
Applied tax rate
484,601.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
1994
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
7,200 SF
Lot
1.23 ac (53,579 SF)
Zoning code
C1
APN
484003 105.-2-7.2
UPID
US63-2549991
Jurisdiction
SULLIVAN
Zoning & alternative use
C1 · Wurtsboro, NY
Zoning C1 · permitted uses
C1 · Wurtsboro, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wurtsboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$725,000
AUTO REPAIR, GARAGE
Est. value
$640,000
RESTAURANT
AUTO REPAIR, GARAGE
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
1994
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.23 ac
Current owner
From public records · entity-resolved
Stewarts Shops Corp
Entity
Free & Clear · 4 yrs held
Mailing address
2907 STATE RTE 9TH 9, BALLSTON SPA, NY 12020-4201
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
Oct 26, 2021
—
Stewarts Shops Corp
Stewarts Shops Corp
Warranty Deed
related
—
Feb 4, 2021
$1,100,000
Stewarts Shops Corp
Wurtsboro Plaza INC
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.
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