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    Property profile & analytics

    124 Washington Ave Ext Albany, NY 12203-5310

    • Hotels
    • 91,000 SF
    • 3.60 lot acres
    OFF-MARKET
    Value Estimation
    $2,160,000
    Last Sale
    Mar 08, 2024
    $2,120,000
    Location Intelligence
    Property ID
    US63-2720894
    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

    • Residence Inn Albany Washington Avenue / Hotel / Extended Stay Hotel

    Property Details for 124 Washington Ave Ext

    Year built
    2013
    Lot size
    3.60 lot acres
    Property size
    91,000 SF
    Zone code
    R1B
    Property type
    Hotels
    APN
    010100 52.2-1-5
    APU
    1010052215

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,120,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,870,000
      6.5%
      $1,925,000
      7%
      $2,190,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,060,000
      Geo Method
      $2,325,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,510,000
      Retail
      $2,390,000
      Mixed-Use
      $2,320,000
      Hospitality
      $2,435,000
      Educational
      $2,020,000
      Residential Income
      $2,240,000
      Energy
      $2,425,000
      Income-Based Land
      $2,480,000
      Food Service
      $2,325,000

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.85
    Latitude
    42.6926
    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
    $367,000
    $13,234,200
    $13,601,200
    -
    $518,142
    $18,684,456
    $19,202,598

    Comparable in this City

    • Value Estimation by Request
      119,112 SF

      1651 Western Ave

      HOTEL • 119,112 SF
      1651 Western Ave, Albany, NY 12203-4221
      View Details
    • Value Estimation by Request
      24,592 SF

      1230 Western Ave

      MOTEL • 24,592 SF
      1230 Western Ave, Albany, NY 12203-3326
      View Details
    • Value Estimation by Request
      961 SF

      Cp Nassau Ln Pr

      CAMPGROUND, RV PARK • 961 SF
      Cp Nassau Ln Pr, Albany, NY 12203
      View Details
    • Value Estimation by Request
      60,516 SF

      1442 Western Ave

      MOTEL • 60,516 SF
      1442 Western Ave, Albany, NY 12203-3421
      View Details
    • Value Estimation by Request
      0.17 Acres

      Reinemann St

      VACANT COMMERCIAL LAND • 0.17 Acres
      Reinemann St, Albany, NY 12203
      View Details
    • Value Estimation by Request
      0.48 Acres

      28-30 Schoolhouse Rd

      VACANT COMMERCIAL LAND • 0.48 Acres
      28-30 Schoolhouse Rd, Albany, NY 12203
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $20 SF/Yr
      4,988 SF

      Retail Space Near Crossgates Mall

      Retail property near Crossgates Mall, high traffic, easy access.
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      View Details
    • $1.00 SF/Yr
      2,440 SF

      Free Standing Building on Western

      High-visibility building with drive-through on Western Avenue.
      1791 Western Ave, Guilderland, NY 12203
      View Details
    • $20 SF/Yr
      29,000 SF

      Albany Office Space For Rent

      Office space available for lease in Albany, New York.
      6 Executive Park Dr, Albany, NY 12203
      View Details
    • $22 SF/Yr
      23,980 SF

      Convertible Office/Medical Space Available

      Adaptable office space, currently configured as a dental office.
      2 Executive Park Dr, Albany, NY 12203
      View Details
    • $1.00 SF/Yr
      5,544 SF

      High-Profile Retail Building Available

      Former CVS building for sale or lease in Albany, NY.
      1028 Madison Avenue Ext, Albany, NY 12203
      View Details
    • $14 SF/Yr
      29,160 SF

      Class A Office Space Available

      Efficient office space in a Class A Office Park.
      24 Madison Avenue Ext, Albany, NY 12203
      View Details

    Property Visit Statistics

    • Visits by month
      5.5k
    • Visitors by month
      1.5k
    • Avg Time on site
      529 min
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    124 Washington Ave Ext
    Albany, NY 12203-5310
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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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