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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3603 Main St, Unit 3611 Stone Ridge, NY 12484-5613

    • Retail space
    • 1,296 SF
    • 1.60 lot acres
    OFF-MARKET
    Last Sale
    Jan 09, 2020
    $1,420,250
    Value Estimations
    $1,730,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5506389
    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

    • Retail space

    Property Details for 3603 Main St

    Year built
    1930
    Lot size
    1.60 lot acres
    Property size
    1,296 SF
    Zone code
    B1
    Property type
    Retail space
    APN
    513400 61.20-5-12.110
    APU
    5134006120512110

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,730,000
      ML approach
      $1,805,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Stone Ridge
    County
    Ulster
    State
    New York
    Longitude
    -74.1405
    Latitude
    41.8507
    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
    $450,000
    $500,000
    -
    $81,967
    $737,705
    $819,672

    Comparable in this City

    • Value Estimation
      $275,000
      2,652 SF

      3565 Main St

      FINANCIAL BUILDING • 2,652 SF
      3565 Main St, Stone Ridge, NY 12484-5612
      View Details
    • Value Estimation
      $340,000
      1,456 SF

      3542 Main St

      RESTAURANT • 1,456 SF
      3542 Main St, Stone Ridge, NY 12484-5601
      View Details
    • Value Estimation
      $425,000
      6,304 SF

      8 Hillside Dr

      VEHICLE SALES, RENTALS • 6,304 SF
      8 Hillside Dr, Stone Ridge, NY 12484-5706
      View Details
    • Value Estimation
      $335,000
      1,442 SF

      3928 Main St

      RESTAURANT • 1,442 SF
      3928 Main St, Stone Ridge, NY 12484-5603
      View Details
    • Value Estimation
      $400,000
      2,373 SF

      3815 Main St, Unit 3861

      SHOPPING CENTER, STRIP CENTER • 2,373 SF
      3815 Main St, Stone Ridge, NY 12484-5614
      View Details
    • Value Estimation
      $55,000
      2,400 SF

      485-487 Cottekill Rd

      AUTO REPAIR, GARAGE • 2,400 SF
      485-487 Cottekill Rd, Stone Ridge, NY 12484
      View Details

    Similar Nearby for Sale

    • $1,085,000

      Stone Ridge Retail and Restaurant

      Successful business with expansion potential in Ulster County.
      3630 Main St, Stone Ridge, NY 12484
      View Details
    • $340,000
      22.80 Acres

      Land Parcel in Stone Ridge

      Park-like 22.8-acre land parcel ideal for a home site.
      Buck Rd, Stone Ridge, NY 12484
      View Details
    • $249,900
      2 SF

      Stone Ridge Land Investment Opportunity

      Prime land parcel in Stone Ridge, NY for development.
      Main St, Stone Ridge, NY 12484
      View Details
    • $745,000

      Commercial Land For Sale

      Commercial land available for sale.
      3927 Main St, Stone Ridge, NY 12484
      View Details
    • $250,000
      Pending

      Land in Stone Ridge, NY

      5-acre parcel ready for building your dream home.
      155 Mill Dam Rd, Stone Ridge, NY 12484
      View Details
    • $249,900

      Main Street Land Opportunity

      Land with over 500 feet of road frontage.
      3458 Main St, Stone Ridge, NY 12484
      View Details

    Similar Nearby for Lease

    • $500 /Mo
      336 SF

      Historic Stone Ridge Office Cottage

      Well-maintained office cottage in a prime historic location for rent.
      3780 Main St, Stone Ridge, NY 12484
      View Details
    • $2,450 /Mo

      Unique Barn Office/Shop Space

      Cozy barn featuring shop, office, and loading dock.
      96 Vly Atwood Rd, Stone Ridge, NY 12484
      View Details
    • $500 /Mo

      Stone Ridge Office Space Available

      Office space for rent in Stone Ridge, New York.
      3780 Main Ave, Stone Ridge, NY 12484
      View Details
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    3603 Main St, Unit 3611
    Stone Ridge, NY 12484-5613
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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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