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Property profile & analytics
OFF-MARKET
Estimated value
$2,425,000
Investment properties
2 Main St Kingston, NY 12401-3871
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-3562677
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1960
Total area
14,644 SF
Lot
0.29 ac (12,535 SF)
Zoning code
O-2
APN
510800 48.331-5-21.100
UPID
US63-3562677
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 YouthBuild Child Welfare Organization Foster Care Service
-
RUPCO Inc. Charitable Organization Social Service Agency
-
Mindfulness Based Stress Reduction Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.38M
Comparable Approach
Comparable
$3.01M
Blend (final)
Blend
$2.43M
Owner & transaction history
Khaledhussein Alotaibi · 2 yrs held
Khaledhussein Alotaibi
since 2023
7 recorded transactions
Zoning & alternative use
O-2 · Kingston, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.9M
+6.5%
Auto repair, garage
$2.8M
+2.6%
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 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,580,000
6.5%
$2,380,000
7%
$2,210,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,685,000
Current use
RESTAURANT
$2,860,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,755,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$2.43M
Range $2.18M – $2.67M · ±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
$166 / 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
$1,274,000
Assessed 2023
Previous assessed
$1,274,000
+0.0% YoY
Assessed land
$129,000
Assessed improvement
$1,145,000
Land market value
$211,475
Improvement market value
$1,877,050
Total market value
$2,088,525
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1960
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
4
Total area
14,644 SF
Lot
0.29 ac (12,535 SF)
Zoning code
O-2
APN
510800 48.331-5-21.100
UPID
US63-3562677
Jurisdiction
ULSTER
Zoning & alternative use
O-2 · Kingston, NY
Zoning O-2 · permitted uses
O-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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.7M
RESTAURANT
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.8M
COMMERCIAL (GENERAL) Current
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
1960
Heating
NONE
Cooling
Yes
Stories
4
Buildings
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Khaledhussein Alotaibi
Individual
Mailing address
289 FAIR ST, KINGSTON, NY 12401-3843
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2023
$375,000
Khaledhussein Alotaibi
Eugene Picco
Warranty Deed
$318,750 · Guaranteed Rate INC
Oct 7, 2019
—
Rupco INC
—
Deed
related
$668,732 · Leviticus 25:23 Alternative Fu
Apr 19, 2017
—
Rupco INC
Clinton & Main LP
Grant Deed
related
—
Aug 23, 2006
$150,000
Clinton & Main
Rural Ulster Preservation Co I
Trustees Deed
$2,069,000 · Key Bank & Trust
Aug 23, 2006
—
Rural Ulster Preservation Co I
City Of Kingston
Grant Deed
—
—
—
Rupco INC
—
Deed Of Trust
related
$668,732 · Leviticus 25:23 Alternative Fu
—
—
Clinton
—
Deed Of Trust
related
$939,475 · Key Bank & Trust
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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