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

    500 Cres Ave Highland, NY 12528-2441

    • Warehouses
    • 17,580 SF
    • 7.90 lot acres
    OFF-MARKET
    Value Estimations
    $635,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3672856
    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

    • Indian Ridge / Wedding Service
    • Indian Ridge Sand and Gravel / Building Supply
    • Rustica Cucina Inc / Restaurant
    • West Point ABNB / Vacation Rental / Hotel & Motel
    • Custom Concrete / Construction Company / General Contractor

    Property Details for 500 Cres Ave

    Year built
    1979
    Lot size
    7.90 lot acres
    Property size
    17,580 SF
    Zone code
    AG1.5
    Property type
    Warehouses
    APN
    514200 95.1-3-4.11
    APU
    5142009513411

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $866,000
      Market price range: $699k - $2.33M
      AI Estimate
      $698,000
      Market price range: $466k - $2.26M

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

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    Ulster
    State
    New York
    Longitude
    -74.0237
    Latitude
    41.702
    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
    $92,400
    $401,600
    $494,000
    -
    $151,475
    $658,361
    $809,836

    Comparable in this City

    • Value Estimation by Request
      95,000 SF

      155 Vineyard Ave

      Distribution properties • 95,000 SF
      155 Vineyard Ave, Highland, NY 12528
      View Details
    • Value Estimation by Request
      7,865 SF

      9 Commercial Ave

      WAREHOUSE, STORAGE • 7,865 SF
      9 Commercial Ave, Highland, NY 12528-1331
      View Details
    • Value Estimation by Request
      800 SF

      482 New Paltz Rd

      WAREHOUSE, STORAGE • 800 SF
      482 New Paltz Rd, Highland, NY 12528
      View Details
    • Value Estimation
      $555,000
      27,100 SF

      481 Cres Ave

      WAREHOUSE, STORAGE • 27,100 SF
      481 Cres Ave, Highland, NY 12528-2451
      View Details
    • Value Estimation by Request
      2.90 Acres

      155 Vineyard Ave

      Distribution properties • 95,000 SF
      155 Vineyard Ave, Highland, NY 12528
      View Details
    • Value Estimation by Request
      2,100 SF

      3 Oakes Rd

      WAREHOUSE, STORAGE • 2,100 SF
      3 Oakes Rd, Highland, NY 12528
      View Details

    Similar Nearby for Sale

    • $499,000
      1,700 SF

      Renovated Commercial Property in Highland

      Versatile commercial property with high visibility and modern updates.
      557 Rte, Highland, NY 12528
      View Details
    • $2,900,000
      95,000 SF

      Highland NY Industrial Redevelopment Opportunity

      95,000 SF Warehouse, 9% Cap Rate, Redevelopment Potential
      155 Vineyard Ave, Highland, NY 12528
      View Details
    • $4,500,000
      348,480 SF

      Apple Distribution and Packing Facility

      27,000+ sq ft building on 8 acres with loading docks.
      381 Vineyard Ave, Highland, NY 12528
      View Details
    • $4,500,000
      19,908 SF

      Highland Warehouse with Cold Storage

      27,000+ sq ft warehouse on 8 acres with loading docks.
      381 Vineyard Ave, Highland, NY 12528
      View Details
    • $999,999

      Highland Restaurant with Apartment For Sale

      Fully equipped restaurant with a spacious 4-bedroom apartment above.
      80 Vineyard Ave, Highland, NY 12528
      View Details
    • $60,000
      0.48 Acres

      Highland Commercial Land - Route 9W

      Prime .48-acre lot, high visibility.
      0 Tbd Rt. 9W, Highland, NY 12528
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Highland Warehouse - 2,000 SF

      Spacious warehouse, ideal for storage. Prime Highland location.
      481 Crescent Ave, Highland, NY 12528
      View Details
    • $95 SF/Yr
      95,000 SF

      Vineyard Avenue Industrial Facility

      95,000 SF Warehouse, Prime Location
      155 Vineyard Ave, Highland, NY 12528
      View Details
    • $23 SF/Yr
      95,000 SF

      Vineyard Avenue Industrial Warehouse

      Spacious Hudson Valley Warehouse - 95,000 SF
      155 Vineyard Ave, Highland, NY 12528
      View Details
    • $95 SF/Yr
      95,000 SF

      Vineyard Avenue Industrial Facility

      95,000 SF Manufacturing/Warehouse in Highland, NY
      155 Vineyard Ave, Highland, NY 12528
      View Details
    • $24 SF/Yr
      95,000 SF

      Vineyard Ave Warehouse: Poughkeepsie

      Spacious Warehouse, Excellent Location
      155 Vineyard Ave, Highland, NY 12528
      View Details
    • $23 SF/Yr
      95,000 SF

      Vineyard Avenue Industrial Space

      Highland, NY industrial property: flexible space available.
      155 Vineyard Ave, Highland, NY 12528
      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.
    500 Cres Ave
    Highland, NY 12528-2441
    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!