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

    553 Albany Ave Kingston, NY 12401-2134

    • Turn key restaurants
    • 1,357 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    $395,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2439861
    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

    • Andy Williams - State Farm Insurance Agent / Insurance Agency / Auto Insurance Agency

    Property Details for 553 Albany Ave

    Year built
    1960
    Lot size
    0.34 lot acres
    Property size
    1,357 SF
    Zone code
    C-3
    Property type
    Turn key restaurants
    APN
    510800 48.74-1-2
    APU
    510800487412

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $457,000
      Market price range: $133k - $458k
      AI Estimate
      $272,000
      Market price range: $96.4k - $273k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $265,000
      Current use
      AUTO REPAIR, GARAGE
      $255,000
      Change: -4% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $250,000
      Change: -6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingston
    County
    Ulster
    State
    New York
    Longitude
    -73.997
    Latitude
    41.9442
    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
    $142,000
    $165,000
    $307,000
    -
    $232,787
    $270,492
    $503,279

    Comparable in this City

    • Value Estimation
      $420,000
      4,085 SF

      2842 State Rte 209

      RESTAURANT • 4,085 SF
      2842 State Rte 209, Kingston, NY 12401-7820
      View Details
    • Value Estimation
      $355,000
      5,654 SF

      1266 Ulster Ave

      RESTAURANT • 5,654 SF
      1266 Ulster Ave, Kingston, NY 12401-1517
      View Details
    • Value Estimation
      $450,000
      13,944 SF

      240 Blvd Boulevard

      RESTAURANT • 13,944 SF
      240 Blvd Boulevard, Kingston, NY 12401-6402
      View Details
    • Value Estimation
      $320,000
      3,020 SF

      129 Frnt St

      RESTAURANT • 3,020 SF
      129 Frnt St, Kingston, NY 12401
      View Details
    • Value Estimation
      $435,000
      3,272 SF

      442 Broadway

      RESTAURANT • 3,272 SF
      442 Broadway, Kingston, NY 12401-4626
      View Details
    • Value Estimation
      $475,000
      8,125 SF

      721-723 Ulster Ave

      RESTAURANT • 8,125 SF
      721-723 Ulster Ave, Kingston, NY 12401
      View Details

    Similar Nearby for Sale

    • $339,900

      Kingston Plaza Bar/Restaurant Opportunity

      Established bar and restaurant in Kingston Plaza with ample parking.
      226 Kingston Plz, Kingston, NY 12401
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      Iconic Deli and Market Opportunity

      Turnkey deli and market with loyal following and proven profitability.
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    • $150,000

      Established Restaurant Business For Sale

      Restaurant business for sale in high-traffic area near malls.
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    • $1,450,000
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      Uptown Kingston Mixed-Use Building

      Prime Kingston investment: 5-unit building, restaurant.
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      View Details
    • $1,100,000

      Turn-Key Mixed-Use Building Opportunity

      Mixed-use building with restaurant and apartments in Kingston, NY.
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    • $695,000

      Versatile Building on Busy Thoroughfare

      Sprawling multi-level building with immense possibilities on a busy avenue.
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    Similar Nearby for Lease

    • $4,800 /Mo

      Turnkey Restaurant Space in Kingston

      Fully equipped restaurant space in the heart of Kingston's uptown.
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      View Details
    • 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
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    • $1,250 /Mo
      18,240 SF

      Kingston Commercial Space with Renovation

      18,240 SF commercial space in Kingston's Midtown Arts District.
      104 Smith Ave, Kingston, NY 12401
      View Details
    • $6,809 /Mo
      4,647 SF

      Turnkey Hospitality Business in Kingston

      Multi-level venue with rooftop bar and high-capacity party room.
      63 N Front St, Kingston, NY 12401
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space Near Hudson Valley

      Retail space available near Hudson Valley Mall with high traffic.
      1351-1355 Ulster Ave, Kingston, NY 12401
      View Details
    • $10 SF/Yr
      31,426 SF

      Prime Retail Space in Kingston

      Retail space in a high-traffic shopping corridor in Kingston.
      25 Boices Ln, Kingston, NY 12401
      View Details

    Property Visit Statistics

    • Visits by month
      60.1k
    • Visitors by month
      26.3k
    • Avg Time on site
      10 min
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    553 Albany Ave
    Kingston, NY 12401-2134
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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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