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Property profile & analytics
FOR SALE
Office buildings
1 Columbia Cir Albany, NY 12203
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-0645985
For Sale
1 / 2
$3,980,000
1 Columbia Cir, Albany, NY 12203
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Total area
68,872 SF
Lot
5.3 ac (230,868 SF)
Zoning code
CO
APN
010100 41.00-2-41
UPID
US63-0645985
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
-
Solomon & Solomon Law Firm Insurance Agency
-
WSP Engineering Consultant
-
Office of Victim Services Social Service Agency Charitable Organization
-
Santacrose & Frary Law Firm
-
National Health Care Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.05M
Blend (final)
Blend
$3.98M
Owner & transaction history
Comm 2014 Ubs4 Columbia Circle LLC · 3 yrs held
Comm 2014 Ubs4 Columbia Circle LLC
since 2023
Last sale
$4.0M
3 recorded transactions
Zoning & alternative use
CO · Albany, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.4M
+9.1%
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 Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany 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
$3,210,000
ML approach
$3,890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,945,000
Current use
COMMERCIAL (GENERAL)
$5,395,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$3.98M
Range $3.58M – $4.38M · ±10% · vs last sale $4.00M (Mar 23 2023)
Last sale anchor
$4.00M
Mar 23 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
$58 / 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
$5,022,500
Assessed 2023
Previous assessed
$5,022,500
+0.0% YoY
Assessed land
$1,828,400
Assessed improvement
$3,194,100
Land market value
$2,581,392
Improvement market value
$4,509,530
Total market value
$7,090,922
Applied tax rate
10,100.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1991
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
68,872 SF
Lot
5.3 ac (230,868 SF)
Zoning code
CO
APN
010100 41.00-2-41
UPID
US63-0645985
Jurisdiction
ALBANY
Zoning & alternative use
CO · Albany, NY
Zoning CO · permitted uses
CO · Albany, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Albany. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$5.4M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1991
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
5.3 ac
Current owner
From public records · entity-resolved
Comm 2014 Ubs4 Columbia Circle LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2340 COLLINS AVE #700, MIAMI BEACH, FL 33139-1604
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2023
$50,000
Comm 2014 Ubs4 Columbia Circle LLC
Columbia Circle Owner LLC
Referee's Deed - Used To Transfer Property Pursuant To A Foreclosure Sale In New York Counties
related
—
Apr 23, 2013
—
Columbia Circle Owner LLC
Columbia Circle Assocs LLC
Quit Claim Deed
related
$12,000,000 · Maxim Credit Corp
Feb 2, 2007
$3,996,000
Columbia Circel Assoc LLC
Nocha Group 3 LLC
Warranty Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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