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Property profile & analytics
OFF-MARKET
Super regional malls
15 Wolf Rd, Albany, NY 12205
Entity Owned
13-yr Hold
Free & Clear
Property ID
US63-1932338
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1966
Total area
10,216 SF
Lot
48.37 ac (2,106,997 SF)
Zoning code
16
APN
012689 42.3-1-2
UPID
US63-1932338
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
-
The Bread Butler Bakery Specialty Food Shop
-
Daily Thread Clothing Store
-
Kane’s Hot Dogs on Wheels Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kre Colonie Owner LLC · 13 yrs held
Kre Colonie Owner LLC
since 2013
7 recorded transactions
Zoning & alternative use
16 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$52,000,000
Assessed 2023
Previous assessed
$56,800,000
-8.5% YoY
Assessed land
$9,045,000
Assessed improvement
$42,955,000
Land market value
$17,735,294
Improvement market value
$84,225,490
Total market value
$101,960,784
Applied tax rate
12,601.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1966
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
10,216 SF
Lot
48.37 ac (2,106,997 SF)
Zoning code
16
APN
012689 42.3-1-2
UPID
US63-1932338
Jurisdiction
ALBANY
Zoning & alternative use
16 · Albany, NY
Zoning 16 · permitted uses
16 · 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.
Building & site characteristics
From public records
Year built
1966
Heating
NONE
Cooling
Yes
Stories
3
Buildings
1
Lot
48.37 ac
Current owner
From public records · entity-resolved
Kre Colonie Owner LLC
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 130639, CARLSBAD, CA 92013-0639
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2014
—
Kre Colonie Owner LLC
—
Loan Modification
related
$110,000,000 · Cantor Com'l R/e Lndg
Apr 11, 2013
$106,575,000
Kre Colonie Owner LLC
191 Colonie LLC
Grant Deed
—
Oct 11, 2006
$84,684,719
Colonie Fmp
Colonie Center Fmp
Warranty Deed
related
—
Feb 25, 2005
$82,198,800
Fmp Colonie Center LLC
Bre Of Colonie Center LLC
Warranty Deed
—
—
—
Boscovs Department Store LLC
—
Deed Of Trust
related
$2,925,000 · Bank Of America
—
—
Boscovs Department Store LLC
—
Deed Of Trust
related
$1,500,000 · Bank Of America
—
—
Kre Colonie Owner LLC
—
Deed Of Trust
related
$34,000,000 · Cantor Com'l R/e Lndg
—
—
Kre Colonie Owner LLC
—
Deed Of Trust
related
$79,250,000 · Cibc INC
—
—
Boscovs Department Store LLC
—
Deed Of Trust
related
$2,925,000 · Bank Of America
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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