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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Grocery and convenience stores
100 Watervliet Ave Albany, NY 12206-2024
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US63-2291103
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2013
Total area
31,155 SF
Lot
2.8 ac (121,968 SF)
Zoning code
M1
APN
010100 54.77-1-19
UPID
US63-2291103
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
-
Motel 6 Albany, NY Hotel & Motel
-
Honest Weight Food Co-op Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.09M
Owner & transaction history
G6 Hospitality Property LLC · 13 yrs held
G6 Hospitality Property LLC
since 2012
7 recorded transactions
Zoning & alternative use
M1 · Albany, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.3M
+22.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,095,000
Current use
WAREHOUSE, STORAGE
$1,335,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±10%
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
$35 / 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
$6,783,700
Assessed 2023
Previous assessed
$6,783,700
+0.0% YoY
Assessed land
$1,020,200
Assessed improvement
$5,763,500
Land market value
$1,440,350
Improvement market value
$8,137,089
Total market value
$9,577,439
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2013
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
31,155 SF
Lot
2.8 ac (121,968 SF)
Zoning code
M1
APN
010100 54.77-1-19
UPID
US63-2291103
Jurisdiction
ALBANY
Zoning & alternative use
M1 · Albany, NY
Zoning M1 · permitted uses
M1 · 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
RETAIL STORES Current
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.3M
RETAIL STORES Current
WAREHOUSE, STORAGE
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
2013
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
2.8 ac
Current owner
From public records · entity-resolved
G6 Hospitality Property LLC
Entity
Mailing address
100 WATERVLIET AVE, ALBANY, NY 12206-2024
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2012
—
G6 Hospitality Property LLC
—
Deed Of Trust
related
$1,050,000,000 · J P Morgan Chase Bank
—
—
Honest Weight Food Cooperative
—
Deed Of Trust
related
$3,729,000 · Manufacturers Traders & Trust
—
—
Honest Weight Food Cooperative
—
Loan Modification
related
$500,000 · New York Business Dev Corp
—
—
Honest Weight Food Cooperative
—
Deed Of Trust
related
$700,000 · Al Tech Trust Fund
—
—
Honest Weight Food Cooperative
—
Loan Modification
related
$4,229,000 · Manufacturers Traders & Trust
—
—
Honest Weight Food Cooperative
—
Deed Of Trust
related
$4,529,000 · Manufacturers Traders & Trust
—
—
Honest Weight Food Cooperative
—
Deed Of Trust
related
$750,000 · Cooperative Fund/new England I
—
—
Honest Weight Food Cooperative
—
Deed Of Trust
related
$4,529,000 · Manufacturers Traders & Trust
—
—
Honest Weight Food Cooperative
—
Deed Of Trust
related
$500,000 · Community Loan Fund/cap Region
—
—
Honest Weight Food Cooperative
—
Deed Of Trust
related
$3,539,777 · Manufacturers Traders & Trust
—
—
Honest Weight Food Cooperative
—
Deed Of Trust
related
$400,000 · Manufacturers Traders & Trust
—
—
Honest Weight Food Cooperative
—
Deed Of Trust
related
$1,080,000 · Sefcu
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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