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Property profile & analytics
OFF-MARKET
Estimated value
$15,105,000
Motels
503 Washington Ave, Kingston, NY 12401-2906
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-3184377
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1970
Total area
152,723 SF
Lot
9.6 ac (418,176 SF)
Zoning code
C-1
APN
510800 48.71-1-1
UPID
US63-3184377
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
ATM Atm
-
The Venue Uptown Hotel & Motel Resort
-
LibertyX Bitcoin ATM Atm
-
Best Western Plus Kingston Hotel And Conference Center Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.33M
CAP Approach
CAP
$12.56M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.11M
Owner & transaction history
Saras Hospitality Hldg Ll · 2 yrs held
Saras Hospitality Hldg Ll
since 2023
Last sale
$15.5M
4 recorded transactions
Zoning & alternative use
C-1 · Kingston, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$20.4M
+147.6%
Auto repair, garage
$19.2M
+134.0%
Commercial (general)
$17.5M
+112.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kingston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kingston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$20,645,000
ML approach
$11,330,000
CAP Approach
CAP Return
Estimation
6%
$13,600,000
6.5%
$12,555,000
7%
$11,660,000
Alternative Use
Use
Estimation
RESTAURANT
$20,355,000
Change: +148% · Conversion: Difficult
AUTO REPAIR, GARAGE
$19,240,000
Change: +134% · Conversion: Difficult
COMMERCIAL (GENERAL)
$17,465,000
Change: +112% · Conversion: Difficult
OFFICE BUILDING
$12,420,000
Change: +51% · Conversion: Difficult
WAREHOUSE, STORAGE
$11,120,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$10,185,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$9,695,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$15.11M
Range $13.59M – $16.62M · ±10% · vs last sale $15.50M (Aug 11 2023)
Last sale anchor
$15.50M
Aug 11 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$99 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$9,000,000
Assessed 2023
Previous assessed
$9,000,000
+0.0% YoY
Assessed land
$746,000
Assessed improvement
$8,254,000
Land market value
$1,222,951
Improvement market value
$13,531,147
Total market value
$14,754,098
Applied tax rate
510,800.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
1970
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
152,723 SF
Lot
9.6 ac (418,176 SF)
Zoning code
C-1
APN
510800 48.71-1-1
UPID
US63-3184377
Jurisdiction
ULSTER
Zoning & alternative use
C-1 · Kingston, NY
Zoning C-1 · permitted uses
C-1 · Kingston, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kingston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$20.4M
AUTO REPAIR, GARAGE
Est. value
$19.2M
COMMERCIAL (GENERAL)
Est. value
$17.5M
OFFICE BUILDING
Est. value
$12.4M
WAREHOUSE, STORAGE
Est. value
$11.1M
MEDICAL BUILDING
Est. value
$10.2M
RETAIL STORES
Est. value
$9.7M
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
9.6 ac
Current owner
From public records · entity-resolved
Saras Hospitality Hldg Ll
Individual
Mailing address
503 WASHINGTON AVE, KINGSTON, NY 12401-2906
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2023
$15,500,000
Saras Hospitality Hldg Ll
Kingston Motel Corp
Warranty Deed
$2,539,200 · Wayne Bank
Jul 28, 2014
—
Kingston Motel Corp
—
Loan Modification, Consolidation And Extension
related
$5,500,000 · M&t Bk
—
—
Kingston Motel Corp
—
Deed Of Trust
related
$3,616,383 · M & T Bank
—
—
Kingston Motel Corp
—
Loan Modification
related
$3,893,000 · M & T Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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