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

    5981 Route 44 55 Kerhonkson, NY 12446

    • Drive through restaurants
    • 1,756 SF
    • 0.26 lot acres
    For Sale
    View listing
    $319,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1596257
    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

    • Drive through restaurants

    Property Details for 5981 Route 44 55

    Year built
    1960
    Lot size
    0.26 lot acres
    Property size
    1,756 SF
    Zone code
    R2
    Property type
    Drive through restaurants
    APN
    514400 76.3-2-59
    APU
    514400763259

    Description

    This exceptional 1,756 square foot commercial property, situated on a 0.26-acre lot at 5981 Route 44 55 in Kerhonkson, NY, presents a unique opportunity for an immediate start in the thriving food service industry. The property is fully equipped and ready for a new owner to step in and begin operations. All equipment, fixtures, and tables are included in the sale price of $339,900. The location boasts excellent road visibility and is just minutes away from the popular Minnewaska State Park, attracting a steady stream of hikers, climbers, and tourists seeking dining options. This high-traffic area within the Hudson Valley guarantees a built-in customer base. The existing layout offers ample space for expansion, including the potential to add outdoor seating and additional parking to further enhance the business's capacity and appeal. The seller is retiring, making this a truly turnkey operation with immediate potential for success. This is a rare chance to acquire an established business in a desirable location with significant growth opportunities. Don't miss this chance to own a piece of the Hudson Valley's vibrant culinary scene.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $288,000
      Market price range: $172k - $593k
      AI Estimate
      $193,000
      Market price range: $126k - $346k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $345,000
      Current use
      AUTO REPAIR, GARAGE
      $330,000
      Change: -4% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $295,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Kerhonkson
    County
    Ulster
    State
    New York
    Longitude
    -74.2881
    Latitude
    41.7626
    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
    $28,000
    $130,000
    $158,000
    -
    $44,445
    $206,349
    $250,794

    Comparable in this City

    • Value Estimation
      $260,000
      864 SF

      3 Sunset Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 864 SF
      3 Sunset Rd, Kerhonkson, NY 12446-3125
      View Details
    • Value Estimation
      $320,000
      1,250 SF

      6122 Rte 209

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,250 SF
      6122 Rte 209, Kerhonkson, NY 12446-3142
      View Details
    • Value Estimation
      $295,000
      1,575 SF

      6320 Rte 209

      RESTAURANT • 1,575 SF
      6320 Rte 209, Kerhonkson, NY 12446
      View Details
    • Value Estimation
      $400,000
      4,086 SF

      5945 Rte 44th 55

      RESTAURANT • 4,086 SF
      5945 Rte 44th 55, Kerhonkson, NY 12446-3451
      View Details
    • Value Estimation
      $415,000
      4,260 SF

      6314 Rte 209

      RESTAURANT • 4,260 SF
      6314 Rte 209, Kerhonkson, NY 12446-3673
      View Details
    • Value Estimation
      $275,000
      2,459 SF

      6315 Rte 209

      RESTAURANT • 2,459 SF
      6315 Rte 209, Kerhonkson, NY 12446
      View Details

    Similar Nearby for Sale

    • $319,000
      0.26 Acres

      Turnkey Pizzeria Opportunity Awaits

      Fully operational pizzeria ready for its next chapter.
      5981 Route 44 55, Kerhonkson, NY 12446
      View Details
    • $357,000
      1,756 SF

      Turnkey Restaurant Opportunity Near Park

      Turnkey restaurant for sale near Minnewaska State Park.
      5981 Rte, Kerhonkson, NY 12446
      View Details
    • $199,000

      Turnkey Pizzeria in Growing Community

      Established pizzeria for sale in Kerhonkson, NY with equipment.
      6320 Route 209, Kerhonkson, NY 12446
      View Details
    • $195,000
      13.70 Acres

      Kerhonkson Land with Mountain Views

      13.7 acres of agriculturally zoned land near Mohonk Preserve.
      Boice Mill Rd, Kerhonkson, NY 12446
      View Details
    • $1,199,000

      Multifamily Property Investment Opportunity

      Fully rented apartment building with investment upside and parking.
      57 Samsonville Rd, Kerhonkson, NY 12446
      View Details
    • $75,000
      Pending

      Kerhonkson Land Near Vernooy Falls

      1.37 acre building lot near Vernooy Kill Falls.
      Upper Cherrytown Rd, Kerhonkson, NY 12446
      View Details
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    Kerhonkson, NY 12446
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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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