Sign Up Successful!
You now have access to more from Realmo!
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 Frank Sottile Blvd Kingston, NY 12401-1547

    • Hotels
    • 53,839 SF
    • 3.00 lot acres
    OFF-MARKET
    Value Estimations
    $4,090,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2311460
    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

    • Courtyard Kingston / Hotel / Meeting Planning Service
    • Tesla Destination Charger / Electric Vehicle Charging Station
    • Bard College / Tourist Attraction

    Property Details for 500 Frank Sottile Blvd

    Year built
    2006
    Lot size
    3.00 lot acres
    Property size
    53,839 SF
    Zone code
    36
    Property type
    Hotels
    APN
    515400 48.8-1-34.120
    APU
    515400488134120

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,795,000
      6.5%
      $4,425,000
      7%
      $4,110,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,757,000
      Market price range: $1.14M - $4.71M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $2,900,000
      Current use
      AUTO REPAIR, GARAGE
      $6,780,000
      Change: +134% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $6,155,000
      Change: +112% Conversion: Difficult
      OFFICE BUILDING
      $4,380,000
      Change: +51% Conversion: Difficult
      WAREHOUSE, STORAGE
      $3,920,000
      Change: +35% Conversion: Difficult
      MEDICAL BUILDING
      $3,590,000
      Change: +24% Conversion: Difficult
      RETAIL STORES
      $3,420,000
      Change: +18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingston
    County
    Ulster
    State
    New York
    Longitude
    -73.9865
    Latitude
    41.97
    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
    $1,000,000
    $5,250,000
    $6,250,000
    -
    $2,000,000
    $10,500,000
    $12,500,000

    Comparable in this City

    • Value Estimation by Request
      3,752 SF

      24 John St

      HOTEL • 3,752 SF
      24 John St, Kingston, NY 12401-3810
      View Details
    • Value Estimation
      $12,605,000
      62,224 SF

      800 Frank Sottile Blvd

      HOTEL • 62,224 SF
      800 Frank Sottile Blvd, Kingston, NY 12401-1553
      View Details
    • Value Estimation by Request
      13.80 Acres

      3050 Us-209

      Hotels • 9,768 SF
      3050 Us-209, Kingston, NY 12401
      View Details
    • Value Estimation
      $715,000
      8,565 SF

      41 Pearl St

      HOTEL • 8,565 SF
      41 Pearl St, Kingston, NY 12401-4552
      View Details
    • Value Estimation
      $2,410,000
      49,098 SF

      1307 Ulster Ave

      HOTEL • 49,098 SF
      1307 Ulster Ave, Kingston, NY 12401-1514
      View Details
    • Value Estimation
      $755,000
      8,882 SF

      301 Wall St

      HOTEL • 8,882 SF
      301 Wall St, Kingston, NY 12401-3819
      View Details

    Similar Nearby for Sale

    • $99,000
      0.63 Acres

      Kingston, NY City Lot

      Spacious city lot near historic Uptown and Downtown waterfront.
      73-83 Hunter St, Kingston, NY 12401
      View Details
    • $369,900
      1,628 SF

      Kingston Triplex Near Uptown

      Income-generating triplex near uptown Kingston, walkable to amenities.
      257 Greenkill Ave, 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
    • New
      $349,999
      1,920 SF

      Kingston Two-Family Home with Garage

      Two-family home with three-bay garage in Kingston, NY.
      53 Shufeldt St, Kingston, NY 12401
      View Details
    • $695,000

      Large Land Parcel Near Uptown

      16+ acre land parcel near Uptown Kingston with development potential.
      458 Lucas Avenue Ext, Kingston, NY 12401
      View Details
    • $120,000

      Ready-to-Build Land Near Kingston

      3.08-acre build-ready parcel with well and septic near Kingston.
      330 South Rd, Kingston, NY 12401
      View Details

    Similar Nearby for Lease

    • 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
    • $22 SF/Yr
      56,950 SF

      Class A Office Space Available

      5,523 SF Class A office space for rent.
      918 Ulster Ave, Kingston, NY 12401
      View Details
    • $650 /Mo

      Historic Uptown Kingston Office Space

      Office space for rent in historic Uptown Kingston location.
      42 Crown St, Kingston, NY 12401
      View Details
    • $4,000 /Mo
      135 SF

      Kingston Office Space For Rent

      Office spaces in Kingston, NY, ranging from 290-2,900 SF.
      100-182 Aaron Ct, Kingston, NY 12401
      View Details
    • Contact for pricing
      48,166 SF

      Retail Space Near Hudson Valley

      Retail space available near Hudson Valley Mall with high traffic.
      1337-1399 Ulster Ave, Kingston, NY 12401
      View Details
    • Contact for pricing

      Retail Space Near Route 9W

      Fully occupied retail strip center with high traffic exposure.
      1153 Ulster Ave, Kingston, NY 12401
      View Details

    Property Visit Statistics

    • Visits by month
      5.2k
    • Visitors by month
      3.4k
    • Avg Time on site
      328 min
    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 Frank Sottile Blvd
    Kingston, NY 12401-1547
    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.