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    3656 Main St Stone Ridge, NY 12484-5602
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    Property profile & analytics

    3656 Main St Stone Ridge, NY 12484-5602

    View on Map
    • Investment properties
    • 3,420 SF
    • 0.12 lot acres
    Off-Market
    Property ID
    US63-5892496
    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.
    Value Estimations
    $520,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Catskill Concierge / Property Management Company
    • Coldwell Banker Village Green Realty: Nancy Brenner / Real Estate Agency

    Property Details for 3656 Main St

    Year built
    1900
    Lot size
    0.12 lot acres
    Property size
    3,420 SF
    Zone code
    B1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    513400 61.20-4-11
    APU
    5134006120411

    Description

    This exceptional Stone Ridge property at 3656 Main Street presents a unique investment opportunity. The 3,420 square foot, two-story building, constructed in 1900, is zoned Com 1 Att Row building - mixed use, offering versatility for various commercial and residential uses. The lower level features a storefront with stunning terrazzo floors, currently rented along with a one-bedroom apartment, providing immediate income. A cozy studio apartment is also located on the lower level. Upstairs, a spacious three-bedroom unit offers additional rental potential. All units have separate entrances for privacy. The storefront boasts large windows overlooking Main Street, providing excellent visibility. A full basement offers ample storage. Ample parking is available. This turn-key property is ideally situated in the heart of Stone Ridge, steps from shops and eateries, making it perfect for a variety of businesses. The asking price is $749,000, with a price per square foot of $219.01. This well-maintained building offers a blend of commercial and residential income streams in a highly desirable location. The property's prime location and multiple income sources make it an attractive investment for both seasoned investors and those seeking a live-work lifestyle.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $605,000
      6.5%
      $555,000
      7%
      $515,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $696,000
      Market price range: $309k - $875k
      AI Estimate
      $489,000
      Market price range: $252k - $542k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $580,000
      Current use
      AUTO REPAIR, GARAGE
      $645,000
      Change: +11% Conversion: Difficult
      OFFICE BUILDING
      $465,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Stone Ridge
    County
    Ulster
    State
    New York
    Longitude
    -74.1423
    Latitude
    41.8499
    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
    $13,200
    $376,800
    $390,000
    -
    $21,639
    $617,705
    $639,344

    Comparable in this City

    • Value Estimation by Request
      3,250 SF

      3938 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,250 SF
      3938 Main St, Stone Ridge, NY 12484-5603
      View Details
    • Value Estimation
      $920,000
      5,812 SF

      3478 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,812 SF
      3478 Main St, Stone Ridge, NY 12484-5641
      View Details
    • Value Estimation by Request
      1,588 SF

      3631 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,588 SF
      3631 Main St, Stone Ridge, NY 12484-5613
      View Details
    • Value Estimation by Request
      2,144 SF

      3751 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,144 SF
      3751 Main St, Stone Ridge, NY 12484
      View Details
    • Value Estimation
      $675,000
      4,320 SF

      3588 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,320 SF
      3588 Main St, Stone Ridge, NY 12484-5601
      View Details
    • Value Estimation by Request
      2,824 SF

      3642 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,824 SF
      3642 Main St, Stone Ridge, NY 12484-5636
      View Details

    Similar Nearby for Sale

    • $1,600,000
      7,028 SF

      Stone Ridge Retail and Residential

      Mixed-use property with retail, office, and residential components.
      3603-3611 Main St, Stone Ridge, NY 12484
      View Details
    • $12,000,000
      13,694 SF

      Historic Boutique Hotel with Development Potential

      38-acre estate with 19-key hotel and expansion opportunities.
      3805 Main St, Stone Ridge, NY 12484
      View Details
    • $195,000

      Stone Ridge Land Investment Opportunity

      Prime land parcel in Stone Ridge, NY for development.
      Stone, Ridge, NY 12484
      View Details
    • $1,085,000
      3,981 SF

      Stone Ridge Retail & Home

      Successful business with period home in Stone Ridge retail district.
      3630 Main St, Stone Ridge, NY 12484
      View Details
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    Stone Ridge, NY 12484-5602
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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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