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    Property profile & analytics

    130 Washington Ave Albany, NY 12210-2219

    • Office buildings
    • 22,834 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimations
    $365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3387966
    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

    • Pastel & Rosen, LLP / Legal Services
    • New York Insurance Association, Inc. / Insurance Agency / Non-Profit Organization
    • New York Association of Convenience Stores / Association / Organization
    • New York Public Welfare Association / Non-Profit Organization
    • New York State Association of REALTORS / Association / Organization

    Property Details for 130 Washington Ave

    Year built
    1928
    Lot size
    0.35 lot acres
    Property size
    22,834 SF
    Zone code
    CO
    Property type
    Office buildings
    APN
    010100 76.24-7-9
    APU
    10100762479

    Description

    This exceptional mixed-use property at 130 & 136 Washington Avenue in Albany, NY (zip code 12210), offers a diverse range of executive office suites for lease. The building totals 22,834 square feet and features a variety of sizes, accommodating businesses of all scales. Currently, there are nine available suites ranging from 55 square feet to a substantial 1,869 square feet. Monthly rental rates vary depending on the size of the suite, with options starting as low as $75 and extending to $3,000 for the largest space. Specific suite sizes and pricing include: Suite H (195 sq ft, $465/month), Suite I (225 sq ft, $545/month), Suite J (115 sq ft, $270/month), Suite K (180 sq ft, $405/month), Suite M (150 sq ft, $340/month), Suite O (55 sq ft, $75/month), Suite P (575 sq ft, $900/month), and Suite 2 (1,869 sq ft, $3,000/month). Additionally, a 1,216 square foot suite at 136 Washington Avenue is available for $850 per month. The property is zoned MU-CU (Mixed Use - Community Urban) and includes two parking spaces. This prime location on Washington Avenue provides excellent visibility and accessibility. Inquire today to secure your ideal workspace.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $360,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $434,000
      Market price range: $287k - $1.12M

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.7606
    Latitude
    42.6547
    CBSA code
    10580
    CBSA name
    ALBANY-SCHENECTADY-TROY, 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
    $170,500
    $659,500
    $830,000
    -
    $240,717
    $931,103
    $1,171,820

    Comparable in this City

    • Value Estimation
      $340,000
      27,924 SF

      107 Washington Ave

      OFFICE BUILDING • 27,924 SF
      107 Washington Ave, Albany, NY 12210-2231
      View Details
    • Value Estimation
      $600,000
      134,470 SF

      192 Washington Ave

      OFFICE BUILDING • 134,470 SF
      192 Washington Ave, Albany, NY 12210
      View Details
    • Value Estimation
      $550,000
      62,160 SF

      162 Washington Ave

      OFFICE BUILDING • 62,160 SF
      162 Washington Ave, Albany, NY 12210-2304
      View Details
    • Value Estimation
      $225,000
      1,428 SF

      126 Swan St

      OFFICE BUILDING • 1,428 SF
      126 Swan St, Albany, NY 12210-1715
      View Details
    • Value Estimation
      $170,000
      3,600 SF

      17 Dove St

      OFFICE BUILDING • 3,600 SF
      17 Dove St, Albany, NY 12210-2302
      View Details
    • Value Estimation
      $195,000
      3,634 SF

      13 Henry Johnson Blvd

      OFFICE BUILDING • 3,634 SF
      13 Henry Johnson Blvd, Albany, NY 12210-1313
      View Details

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    Similar Nearby for Lease

    • $18 SF/Yr
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      Downtown Albany Office Space Available

      Premier office building in downtown Albany with various amenities.
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      Downtown Albany Office Space Available

      Office suites for rent in downtown Albany's premier building.
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      Downtown Albany Office Space Available

      Office suites for rent in premier downtown Albany building.
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    • $1.00 SF/Yr
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      Prime Location Office Space Available

      Office space for rent near government buildings, deli, and parking.
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    • $18 SF/Yr
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      Downtown Albany Office Space Available

      Office suites for rent in downtown Albany office building.
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    • $1.00 SF/Yr
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      Prime Location Office Space Available

      Office space near Capital, Courts, and City Hall.
      111 Washington Ave, Albany, NY 12210
      View Details
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    130 Washington Ave
    Albany, NY 12210-2219
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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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