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Property profile & analytics
OFF-MARKET
Estimated value
$4,695,000
Office buildings
13 Cornell Rd Latham, NY 12110-1423
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-1317107
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Total area
46,628 SF
Lot
8.67 ac (377,665 SF)
Zoning code
19
APN
012689 18.-1-32.11
UPID
US63-1317107
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
-
Windstream Telecommunications Service Data Center
-
Mercury Insurance Co Insurance Agency
-
USX Pest Control - Albany, NY Garden Center
-
Landmark Health Medical Group
-
Combined Life Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.85M
Blend (final)
Blend
$4.70M
Owner & transaction history
B A Properties LLC · 9 yrs held
B A Properties LLC
since 2016
5 recorded transactions
Zoning & alternative use
19 · Latham, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.1M
+69.1%
Commercial (general)
$3.5M
+17.2%
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 Latham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Latham 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
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,000,000
Current use
AUTO REPAIR, GARAGE
$5,070,000
Change: +69% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,515,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$4.70M
Range $4.23M – $5.16M · ±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
$101 / 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
$5,550,000
Assessed 2023
Previous assessed
$5,550,000
+0.0% YoY
Assessed land
$980,900
Assessed improvement
$4,569,100
Land market value
$1,923,342
Improvement market value
$8,959,058
Total market value
$10,882,400
Applied tax rate
12,605.0000
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
Off-Market
Year built
1994
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
46,628 SF
Lot
8.67 ac (377,665 SF)
Zoning code
19
APN
012689 18.-1-32.11
UPID
US63-1317107
Jurisdiction
ALBANY
Zoning & alternative use
19 · Latham, NY
Zoning 19 · permitted uses
19 · Latham, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Latham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$3.5M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
8.67 ac
Current owner
From public records · entity-resolved
B A Properties LLC
Entity
Mailing address
19 BRITISH AMERICAN BLVD W, LATHAM, NY 12110-6409
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Nov 28, 2016
—
B A Properties LLC
—
Deed
related
$816,360 · Pioneer Savings Bank
—
—
B/a Properties LLC
—
Deed Of Trust
related
$2,500,000 · Berkshire Bank
—
—
B/a Properties LLC
—
Deed Of Trust
related
$684,002 · Berkshire Bank
—
—
B & A Properties LLC
—
Loan Modification, Consolidation And Extension
related
$6,000,000 · Pioneer Svgs Bk
—
—
B/a Properties LLC
—
Deed Of Trust
related
$3,400,000 · Legacy Bank
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.
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