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Property profile & analytics
FOR LEASE
Office buildings
111 Washington Ave Albany, NY 12210
Entity Owned
~
Est. High Equity
Property ID
US63-6145150
For Lease
1 / 3
$3,370,000
111 Washington Ave, Albany, NY 12210
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1963
Total area
167,808 SF
Lot
1 ac (43,560 SF)
Zoning code
CO
APN
010100 76.25-2-26
UPID
US63-6145150
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
-
The Business Council of New York State, Inc. Business Service Center Advocacy Group
-
Dickinson & Avella PLLC Consultant
-
Harding Mazzotti, LLP Law Firm
-
Railroads of New York Freight Service Logistics Company
-
Life Insurance Council of NY Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.82M
Blend (final)
Blend
$3.37M
Owner & transaction history
Albany County Industrial Dev Agcy
Albany County Industrial Dev Agcy
since 2026
5 recorded transactions
Zoning & alternative use
CO · Albany, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$3.37M
Range $3.03M – $3.71M · ±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
$20 / 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
$5,400,000
Assessed 2023
Previous assessed
$5,400,000
+0.0% YoY
Assessed land
$500,900
Assessed improvement
$4,899,100
Land market value
$707,186
Improvement market value
$6,916,702
Total market value
$7,623,888
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 Lease
Year built
1963
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
7
Total area
167,808 SF
Lot
1 ac (43,560 SF)
Zoning code
CO
APN
010100 76.25-2-26
UPID
US63-6145150
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.
Building & site characteristics
From public records
Year built
1963
Heating
NONE
Cooling
Yes
Stories
7
Buildings
1
Lot
1 ac
Current owner
From public records · entity-resolved
Albany County Industrial Dev Agcy
Entity
Mailing address
111 WASHINGTON AVE STE #100, ALBANY, NY 12210-2214
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2026
—
Albany County Industrial Dev Agcy
Real Co
Deed
—
Oct 26, 2023
—
Albany County Land Bank Corporation
Enforcing Officer Of County Of Alba
Deed
—
Feb 19, 2021
—
111 Washington Avenue LLC
—
Deed
related
$130,130 · Td Bank NA
Dec 29, 2004
$750,000
Washington Avenue LLC
Mechanics Exchange
Warranty Deed
—
—
—
111 Washington Avenue LLC
—
Deed Of Trust
related
$1,000,000 · First Niagara Funding INC
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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