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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Showrooms
1434 Western Ave Albany, NY 12203-3436
Individually Owned
19-yr Hold
Free & Clear
Property ID
US63-6196991
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1950
Total area
10,080 SF
Lot
0.32 ac (14,100 SF)
Zoning code
BNRP
APN
013089 52.20-4-8
UPID
US63-6196991
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
-
WGG180 Television Studio Media Distribution
-
Adbarkit Inc. Marketing & Advertising
-
Warwell Cares Corporate Office
-
Truebeautyhairinc Department Store
-
Gunme Car Towings (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$639k
Blend (final)
Blend
$505k
Owner & transaction history
Kent Hansen · 19 yrs held
Kent Hansen
since 2007
7 recorded transactions
Zoning & alternative use
BNRP · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$790,000
Current use
OFFICE BUILDING
$725,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$50 / 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
$716,800
Assessed 2023
Previous assessed
$716,800
+0.0% YoY
Assessed land
$33,600
Assessed improvement
$683,200
Land market value
$39,529
Improvement market value
$803,765
Total market value
$843,294
Applied tax rate
13,002.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1950
Heating
NONE
Buildings
1
Stories
2
Total area
10,080 SF
Lot
0.32 ac (14,100 SF)
Zoning code
BNRP
APN
013089 52.20-4-8
UPID
US63-6196991
Jurisdiction
ALBANY
Zoning & alternative use
BNRP · Albany, NYZoning BNRP · permitted uses
BNRP · Albany, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$790,000
OFFICE BUILDING
Est. value
$725,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1950
Heating
NONE
Stories
2
Buildings
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Kent Hansen
Individual
Free & Clear · 19 yrs held
Mailing address
603 CEDAR RUN, RENSSELAER, NY 12144-5404
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2018
—
Kent J Hansen
—
Deed
related
$100,000 · Judith Vener
Mar 22, 2017
—
Kent Hansen
—
Deed
related
$262,350 · Altin LLC
Feb 16, 2007
$340,000
Kent Hansen
Vener,judith
Warranty Deed
—
—
—
Kent J Hansen
—
Deed Of Trust
related
$25,000 · Judith Vener
—
—
Kent J Hansen
—
Deed Of Trust
related
$30,000 · Judith Vener
—
—
Kent J Hansen
—
Deed Of Trust
related
$88,033 · Judith Vener
—
—
Kent J Hansen
—
Deed Of Trust
related
$75,000 · Judith Vener
—
—
Kent J Hansen
—
Deed Of Trust
related
$25,000 · Vener Judith Trust (pt)
—
—
Kent Hansen
—
Deed Of Trust
related
$262,350 · Altin LLC
—
—
Kent J Hansen
—
Deed Of Trust
related
$100,000 · Judith Vener
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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