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    Property profile & analytics

    1224 Central Ave Albany, NY 12205

    • Motels
    • 7,243 SF
    • 0.39 lot acres
    OFF-MARKET
    Value Estimation
    $450,000
    Location Intelligence
    Property ID
    US63-1271888
    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

    • Motels

    Property Details for 1224 Central Ave

    Year built
    1953
    Lot size
    0.39 lot acres
    Property size
    7,243 SF
    Zone code
    13
    Property type
    Motels
    APN
    012689 53.6-3-4
    APU
    1268953634

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.8084
    Latitude
    42.6956
    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
    $97,500
    $192,500
    $290,000
    -
    $191,167
    $377,433
    $568,600

    Comparable in this City

    • Value Estimation by Request
      43,512 SF

      1630 Central Ave

      MOTEL • 43,512 SF
      1630 Central Ave, Albany, NY 12205-2404
      View Details
    • Value Estimation by Request
      17,470 SF

      1606 Central Ave

      MOTEL • 17,470 SF
      1606 Central Ave, Albany, NY 12205-2404
      View Details
    • Value Estimation by Request
      15,696 SF

      188 Wolf Rd

      MOTEL • 15,696 SF
      188 Wolf Rd, Albany, NY 12205-1116
      View Details
    • Value Estimation
      $310,000
      3,178 SF

      1922 Central Ave

      MOTEL • 3,178 SF
      1922 Central Ave, Albany, NY 12205-4218
      View Details
    • Value Estimation by Request
      8,688 SF

      2 Wolf Rd

      MOTEL • 8,688 SF
      2 Wolf Rd, Albany, NY 12205-2603
      View Details
    • Value Estimation
      $1,280,000
      18,456 SF

      1579 Central Ave

      MOTEL • 18,456 SF
      1579 Central Ave, Albany, NY 12205-2405
      View Details

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    1224 Central Ave
    Albany, NY 12205
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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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