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Property profile & analytics
FOR LEASE
Medical Office Space
155 Washington Ave, Albany, NY 12210
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US63-0968457
For Lease
1 / 2
$15 SF/Yr
155 Washington Ave, Albany, NY 12210
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1940
Total area
59,136 SF
Lot
0.93 ac (40,590 SF)
Zoning code
CO
APN
010100 65.80-4-29
UPID
US63-0968457
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
-
Copper Dart Inc (Bike/Boat/Book/etc) Store Corporate Office
-
New York State Rehabilitation Research & Training Institute Association / Organization
-
Albany Career Central Employment Agency
-
Child Care Licensing & Info Social Service Agency Charitable Organization
-
Alpha Leonis Management Business Management Consultant Marketing Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$610k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$681k
Blend (final)
Blend
$645k
Owner & transaction history
155 Washington Ave LLC · 10 yrs held
155 Washington Ave LLC
since 2015
5 recorded transactions
Zoning & alternative use
CO · 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
$610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$11 / 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
$3,403,700
Assessed 2023
Previous assessed
$3,403,700
+0.0% YoY
Assessed land
$466,800
Assessed improvement
$2,936,900
Land market value
$659,043
Improvement market value
$4,146,407
Total market value
$4,805,450
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
For Lease
Year built
1940
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
4
Total area
59,136 SF
Lot
0.93 ac (40,590 SF)
Zoning code
CO
APN
010100 65.80-4-29
UPID
US63-0968457
Jurisdiction
ALBANY
Zoning & alternative use
CO · Albany, NY
Zoning CO · permitted uses
CO · 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
1940
Heating
NONE
Cooling
Yes
Stories
4
Buildings
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
155 Washington Ave LLC
Entity
Mailing address
155 WASHINGTON AVE STE #206, ALBANY, NY 12210-2329
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2016
—
155 Washington Ave LLC
—
Deed
related
$992,374 · National Un Bk/kinderhook
Nov 23, 2015
$2,700,000
155 Washington Ave LLC
Dawn-bv II LLC
Grant Deed
$2,100,000 · National Un Bk/kinderhook
Oct 4, 2011
—
Dawn-bv II LLC
155 Washington Ave Assn
Grant Deed
related
—
—
—
155 Washington Ave LLC
—
Deed Of Trust
related
$992,374 · National Un Bk/kinderhook
—
—
155 Washington Ave LLC
—
Loan Modification, Consolidation And Extension
related
$3,060,000 · National Un Bk/kinderhook
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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