Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2842 State Rte 209 Kingston, NY 12401-7820

    • Turn key restaurants
    • 4,085 SF
    • 0.95 lot acres
    OFF-MARKET
    Last Sale
    Dec 28, 2022
    $360,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2398190
    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.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 2842 State Rte 209

    Year built
    1946
    Lot size
    0.95 lot acres
    Property size
    4,085 SF
    Zone code
    B2
    Property type
    Turn key restaurants
    APN
    513400 62.1-3-2
    APU
    51340062132

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingston
    County
    Ulster
    State
    New York
    Longitude
    -74.1115
    Latitude
    41.8849
    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
    $50,000
    $250,000
    $300,000
    -
    $81,967
    $409,836
    $491,803

    Comparable in this City

    • Value Estimation
      $925,000
      5,654 SF

      1266 Ulster Ave

      RESTAURANT • 5,654 SF
      1266 Ulster Ave, Kingston, NY 12401-1517
      View Details
    • Value Estimation
      $1,525,000
      13,944 SF

      240 Blvd Boulevard

      RESTAURANT • 13,944 SF
      240 Blvd Boulevard, Kingston, NY 12401-6402
      View Details
    • Value Estimation
      $560,000
      3,020 SF

      129 Frnt St

      RESTAURANT • 3,020 SF
      129 Frnt St, Kingston, NY 12401
      View Details
    • Value Estimation by Request
      3,272 SF

      442 Broadway

      RESTAURANT • 3,272 SF
      442 Broadway, Kingston, NY 12401-4626
      View Details
    • Value Estimation
      $585,000
      8,125 SF

      721-723 Ulster Ave

      RESTAURANT • 8,125 SF
      721-723 Ulster Ave, Kingston, NY 12401
      View Details
    • Value Estimation by Request
      682 SF

      71 Furnace St

      RESTAURANT • 682 SF
      71 Furnace St, Kingston, NY 12401
      View Details

    Similar Nearby for Sale

    • $200,000

      Established Kingston Cafe Business Opportunity

      Thriving restaurant/cafe business for sale in Uptown Kingston, NY.
      324 Wall St, Kingston, NY 12401
      View Details
    • $150,000

      Established Restaurant Business For Sale

      Restaurant business for sale in high-traffic area near malls.
      606 Ulster Ave, Kingston, NY 12401
      View Details
    • $1,450,000
      6,000 SF

      Uptown Kingston Mixed-Use Building

      Prime Kingston investment: 5-unit building, restaurant.
      11 Main St, Lincoln Park, NY 12401
      View Details
    • Contact for pricing

      Turn-Key Mixed-Use Building Opportunity

      Mixed-use building with restaurant and apartments in Kingston, NY.
      346 Broadway, Kingston, NY 12401
      View Details
    • Contact for pricing

      Versatile Building on Busy Thoroughfare

      Sprawling multi-level building with immense possibilities on a busy avenue.
      411 Albany Ave, Kingston, NY 12401
      View Details
    • $339,900

      Kingston Plaza Bar/Restaurant Opportunity

      Established bar and restaurant in Kingston Plaza with ample parking.
      226 Kingston Plz, Kingston, NY 12401
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Turnkey Restaurant Space in Kingston

      Fully equipped restaurant space in the heart of Kingston's uptown.
      284 Wall St, Kingston, NY 12401
      View Details
    • $1,250 /Mo
      18,240 SF

      Kingston Commercial Space with Renovation

      18,240 SF commercial space in Kingston's Midtown Arts District.
      104 Smith Ave, Kingston, NY 12401
      View Details
    • Contact for pricing
      2,150 SF

      Kingston Retail Space - Main Road

      2,150 sq ft Freestanding Building, High Visibility
      426 Ny-28, Kingston, NY 12401
      View Details
    • Contact for pricing
      1,908 SF

      Uptown Kingston Retail Opportunity

      Newly renovated retail space in the Stockade District.
      311 Wall St, Kingston, NY 12401
      View Details
    • Contact for pricing
      100,000 SF

      Kingston Retail Power Center

      Prime Kingston location, flexible spaces available
      500-990 Miron Ln, Kingston, NY 12401
      View Details
    • Contact for pricing
      2,933 SF

      Retail Space Near Route 9W

      Fully occupied strip center with access to Route 9W.
      1165 Ulster Ave, Kingston, NY 12401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2842 State Rte 209
    Kingston, NY 12401-7820
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!