Entity Owned 
For Lease
1 / 2
$12 SF/Yr
120 Broadway, Menands, NY 12204
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Property summary
AI-generated overview
This exceptional Menands, NY property at 120 Broadway offers a unique opportunity to lease office and/or storage space. The building, totaling approximately 22,304 square feet across two stories, is zoned BBD - Broadway Business District (APN 55.13-2-6). Multiple tenancy options are available, with a minimum divisible space of 594 square feet and a maximum contiguous space of 2,500 square feet. Currently, approximately 3,094 square feet of space is vacant. Specifically, there are two immediately available suites: one approximately 594 square feet on the second floor, and another approximately 2,500 square feet on the lower level, suitable for either office or storage use. The building provides convenient access and approximately 50 parking spaces. This versatile property is ideal for businesses seeking flexible and adaptable workspace in a thriving location. The address is 120 Broadway, Albany, NY 12204. Inquire today to explore the possibilities and secure your ideal space.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1930
Total area
22,304 SF
Lot
0.82 ac (35,719 SF)
Zoning code
83
APN
012603 55.13-2-6
UPID
US63-1469093
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Car Dealership Trucking Company
-
Law Firm
-
Law Firm
-
Law Firm
-
Insurance Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$370k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$560k
Owner & transaction history
2 recorded transactions
Zoning & alternative use
83 · Menands, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$560k
Value range
$504k – $616k
±10% around blend
Estimated value / SF
$25 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$504k
blend $560k
$616k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
22,304 SF
Lot area
0.82 ac
Year built
1930
Stories
2
APN
012603 55.13-2-6
Zoning
83
Assessed value
$750,000
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$560k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 35 sales
$72
-65%
County 48 sales
$64
-61%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $25/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.36M
Move the market yield to see immediate price impact.
Value / SF
$196
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$275k
$5.49M
$3.92M
$3.05M
$305k
$6.11M
$4.36M
$3.39M
$336k
$6.72M
$4.80M
$3.73M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Property tax & assessments
Assessed value
$750,000
Assessed 2023
Previous assessed
$750,000
+0.0% YoY
Assessed land
$70,600
Assessed improvement
$679,400
Land market value
$138,432
Improvement market value
$1,332,168
Total market value
$1,470,600
Applied tax rate
12,615.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1930
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
22,304 SF
Lot
0.82 ac (35,719 SF)
Zoning code
83
APN
012603 55.13-2-6
UPID
US63-1469093
Jurisdiction
ALBANY
Zoning & alternative use
83 · Menands, NYZoning 83 · permitted uses
83 · Menands, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
0.82 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
83
Jurisdiction
Menands, NY
Recorded code
83
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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