Property profile

1579 Central Ave Albany, NY 12205

OFF-MARKET
Motels
Property ID
US63-2460498
18,456 SF 1.7 ac lot Built 1985
Entity Owned 27-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1985
Total area 18,456 SF
Lot 1.7 ac (74,052 SF)
Zoning code 45
APN 012601 41.8-6-41
UPID US63-2460498

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1579 Central Ave Albany, NY 12205-2405
Albany metro Census 13902 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.25M
CAP Approach CAP
$1.52M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.25M

Owner & transaction history

since 2024
Last sale
$1.3M
4 recorded transactions
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

45 · Albany, NY
Top alternative use upside
Restaurant $1.4M +600.7%
Commercial (general) $1.4M +590.0%
Auto repair, garage $870,000 +323.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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