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    Property profile & analytics

    1383 Washington Ave Albany, NY 12206-1009

    • Hotels
    • 56,196 SF
    • 2.30 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 26, 2024
    Location Intelligence
    Property ID
    US63-1479446
    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

    • Hotel Luna / Luna Studios / Hotel / Lodge
    • 1383 Washington Avenue Parking / Parking Lot
    • Fairfield Inn Albany University Area / Hotel / Lodge

    Property Details for 1383 Washington Ave

    Year built
    1998
    Lot size
    2.30 lot acres
    Property size
    56,196 SF
    Zone code
    C2
    Property type
    Hotels
    APN
    010100 53.00-1-21
    APU
    101005300121

    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
    -73.815
    Latitude
    42.6875
    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
    $761,900
    $1,838,100
    $2,600,000
    -
    $1,075,674
    $2,595,087
    $3,670,761

    Comparable in this City

    • Value Estimation by Request
      38,592 SF

      1455 Washington Ave

      HOTEL • 38,592 SF
      1455 Washington Ave, Albany, NY 12206-1093
      View Details
    • Value Estimation
      $6,045,000
      115,304 SF

      3 Watervliet Ave Ext

      HOTEL • 115,304 SF
      3 Watervliet Ave Ext, Albany, NY 12206-1629
      View Details
    • Value Estimation by Request
      61,380 SF

      1395 Washington Ave

      HOTEL • 61,380 SF
      1395 Washington Ave, Albany, NY 12206-1009
      View Details
    • Value Estimation by Request
      88,246 SF

      1389 Washington Ave

      HOTEL • 88,246 SF
      1389 Washington Ave, Albany, NY 12206-1009
      View Details
    • Value Estimation by Request
      30,243 SF

      1379 Washington Ave

      HOTEL • 30,243 SF
      1379 Washington Ave, Albany, NY 12206-1039
      View Details
    • Value Estimation
      $2,065,000
      38,673 SF

      100 Watervliet Ave

      MOTEL • 38,673 SF
      100 Watervliet Ave, Albany, NY 12206-2024
      View Details

    Similar Nearby for Sale

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      Ten-unit building near downtown Albany with steady cash flow.
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    • $4,500,000
      1.62 Acres

      Mixed-Use Buildings in Albany, NY

      Mixed-use buildings with apartments and office spaces, near highways.
      28-40-50 Colvin Ave, Albany, NY 12206
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    • $240,000
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      Albany Two-Unit Investment Opportunity

      Well-maintained Albany duplex with income potential and long-term tenants.
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      Investment property with restaurant and apartment, high-traffic location.
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    Similar Nearby for Lease

    • $1.00 SF/Yr
      180,000 SF

      Medical Space on Washington Avenue

      Medical office space for lease in Albany's medical corridor.
      400 Patroon Creek Blvd, Albany, NY 12206
      View Details
    • Contact for pricing
      900 SF

      Retail Space Near Home Depot

      Retail space shadow-anchored by Home Depot with signalized entrance.
      981 Central Ave, Albany, NY 12206
      View Details
    • $6 SF/Yr
      50,000 SF

      Albany Warehouse Space Available

      50,000 SF Warehouse - I-90 Access
      45 Prospect Ave, Albany, NY 12206
      View Details
    • $14 SF/Yr
      41,920 SF

      First Floor Office Space Available

      First floor office space with ample parking and build-out options.
      32 N Russell Rd, Albany, NY 12206
      View Details
    • Contact for pricing
      82,944 SF

      Retail Space Near Interstate 87

      Retail space available near Interstate 87, Albany, NY.
      1 N Russell Rd, Albany, NY 12206
      View Details
    • $1.00 SF/Yr
      180,000 SF

      Medical Space on Washington Avenue

      Medical office space for rent in Albany's medical corridor.
      400 Patroon Creek Blvd, Albany, NY 12206
      View Details
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    1383 Washington Ave
    Albany, NY 12206-1009
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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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