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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Hotels
1395 Washington Ave, Albany, NY 12206-1009
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-0186966
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1997
Total area
61,380 SF
Lot
4.05 ac (176,418 SF)
Zoning code
C2
APN
010100 53.00-1-24
UPID
US63-0186966
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$720k
Blend (final)
Blend
$605k
Owner & transaction history
1395 Washington Property LLC · 2 yrs held
1395 Washington Property LLC
since 2024
6 recorded transactions
Zoning & alternative use
C2 · Albany, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany 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
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$610,000
Current use
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$10 / 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
$5,500,000
Assessed 2023
Previous assessed
$5,500,000
+0.0% YoY
Assessed land
$1,170,500
Assessed improvement
$4,329,500
Land market value
$1,652,548
Improvement market value
$6,112,523
Total market value
$7,765,071
Applied tax rate
10,100.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1997
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
61,380 SF
Lot
4.05 ac (176,418 SF)
Zoning code
C2
APN
010100 53.00-1-24
UPID
US63-0186966
Jurisdiction
ALBANY
Zoning & alternative use
C2 · Albany, NY
Zoning C2 · permitted uses
C2 · Albany, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Albany. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$610,000
HOTEL/MOTEL Current
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
1997
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
4.05 ac
Current owner
From public records · entity-resolved
1395 Washington Property LLC
Entity
Mailing address
850 PO BOX 49550TH AVE FL 13D, CHARLOTTE, NC 28277-9550
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2024
—
1395 Washington Property LLC
—
Deed
related
$40,199,260 · Valley Bank
Mar 13, 2024
—
1395 Washington Property LLC
Esa P Portfolio LLC
Bargain And Sale Deed
—
Jan 23, 2013
—
Esa P Portfolio LLC
—
Deed Of Trust
related
$122,988,450 · J P Morgan Chase Bank
Oct 25, 2007
—
Esa P Portfolio LLC
—
Deed Of Trust
related
$81,266,756 · Wachovia Bank NA
Jan 10, 2006
—
Bre Esa P Portfolio LLC
Bre Esa Properties LLC
Quit Claim Deed
related
—
Aug 2, 2004
—
Bre & Esa Properties LLC
Esa New York INC
Quit Claim Deed
related
—
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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