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    Property profile & analytics

    1116 Madison Ave Albany, NY 12208-2275

    • Investment properties
    • 4,807 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    $200,000
    Location Intelligence
    Property ID
    US63-2413037
    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

    • Kismet Mediterranean Grill / Mediterranean Restaurant / Restaurant

    Property Details for 1116 Madison Ave

    Year built
    1900
    Lot size
    0.05 lot acres
    Property size
    4,807 SF
    Zone code
    C1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    010100 64.59-1-26
    APU
    101006459126

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $185,000

    • CAP approach

      CAP return
      Estimation
      6%
      $230,000
      6.5%
      $215,000
      7%
      $195,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $210,000
      Geo Method
      $210,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $210,000
      Retail
      $190,000
      Mixed-Use
      $190,000
      Hospitality
      $200,000
      Educational
      $230,000
      Residential Income
      $200,000
      Energy
      $180,000
      Income-Based Land
      $200,000
      Food Service
      $175,000

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.7922
    Latitude
    42.6661
    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
    $21,700
    $204,700
    $226,400
    -
    $30,637
    $289,002
    $319,639

    Comparable in this City

    • Value Estimation by Request
      1,496 SF

      501 Yates St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,496 SF
      501 Yates St, Albany, NY 12208-3729
      View Details
    • Value Estimation
      $170,000
      1,498 SF

      19 Woodlawn Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,498 SF
      19 Woodlawn Ave, Albany, NY 12208-3225
      View Details
    • Value Estimation
      $250,000
      2,600 SF

      460 Madison Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,600 SF
      460 Madison Ave, Albany, NY 12208-3632
      View Details
    • Value Estimation
      $200,000
      2,622 SF

      616 Madison Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,622 SF
      616 Madison Ave, Albany, NY 12208-3626
      View Details
    • Value Estimation
      $210,000
      2,898 SF

      612 Madison Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,898 SF
      612 Madison Ave, Albany, NY 12208-3643
      View Details
    • Value Estimation
      $245,000
      2,272 SF

      793 Madison Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,272 SF
      793 Madison Ave, Albany, NY 12208-3706
      View Details

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      Albany Multifamily Development Opportunity

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    Similar Nearby for Lease

    • $1.00 SF/Yr
      143,413 SF

      Life Sciences Innovation Building Space

      State-of-the-art biotech/life sciences medical research laboratory and office space.
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      View Details
    • $1.00 SF/Yr
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      Life Sciences Innovation Building Space

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    • Contact for pricing
      2,125 SF

      Upper East Side Corner Retail

      Prominent corner location with excellent branding and visibility.
      773 Madison Ave, Albany, NY 12208
      View Details
    • $34 SF/Yr
      1,800 SF

      Prime Retail Space Available

      Retail space available next to high-volume Dunkin' Donuts.
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    • $21 SF/Yr
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      Medical Office Space Available

      Medical office space near St. Peters and Albany Med.
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    • $1,500 /Mo
      4,275 SF

      Madison Avenue Retail/Office Space

      Retail or office space on busy Madison Avenue.
      462 Madison Ave #1, Albany, NY 12208
      View Details
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    1116 Madison Ave
    Albany, NY 12208-2275
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    Realmo Value Estimation

    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.

    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.

    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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