Realmo Analytics

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Financial
Distress signals
Property profile

1450 Western Ave Albany, NY 12203

FOR LEASE
Office buildings
Property ID
US63-3031164
136,386 SF 6 ac lot Built 1967
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$10.20M
Assessed land$1.50M
Assessed improvement$8.70M

Value estimate

· Oct 2026
$4.05M
$3.65M – $4.46M
Submarket $/SF estimate$3.31M
NOI build-up
Gross scheduled income$3.03M
Vacancy & credit loss−$539k
Operating expenses−$622k
NOI · 186,662,000.00% cap applied$1.87M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$72/SF
Submarket average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$19 – $124

Cap rate analysis

How does the asset earn?
186,662,000.00%
$1.87M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
LB
JurisdictionALBANY

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply13.1
HVAC Service11.9
Hair Salon10.4

Location

1450 Western Ave Albany, NY 12203
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
15 Columbia, Albany, NY 12203-5156 $2,108,500 Mar 2025 85,020 SF
13 Columbia, Albany, NY 12203-5165 $791,000 Mar 2025 21,050 SF
26 Corporate, Albany, NY 12203-5121 $2,500,000 Jul 2024 53,940 SF
1004 Western, Albany, NY 12203-2743 $545,000 Jul 2024 3,552 SF
1 Columbia, Albany, NY 12203-6383 $3,996,000 Mar 2023 68,872 SF
1211 Western, Albany, NY 12203-3339 $2,400,000 Apr 2020 10,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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