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    Property profile & analytics

    16 Commercial Ave Albany, NY 12205

    • Warehouses
    • 75,220 SF
    • 3.63 lot acres
    For Sale
    View listing
    $4,900,000
    Value Estimation
    Location Intelligence
    Property ID
    US63-2649644
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 16 Commercial Ave

    Year built
    1962
    Lot size
    3.63 lot acres
    Property size
    75,220 SF
    Zone code
    15
    Property type
    Warehouses
    APN
    012689 53.5-4-14.6
    APU
    126895354146

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Colonie
    County
    Albany
    State
    New York
    Longitude
    -73.8218
    Latitude
    42.6979
    CBSA code
    10580
    CBSA name
    ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $230,500
    $1,319,500
    $1,550,000
    -
    $451,958
    $2,587,242
    $3,039,200

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
      113,639 SF

      38 Warehouse Row

      WAREHOUSE, STORAGE • 113,639 SF
      38 Warehouse Row, Albany, NY 12205-5729
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    • Value Estimation by Request
      87,659 SF

      36 Railroad Ave

      WAREHOUSE, STORAGE • 87,659 SF
      36 Railroad Ave, Colonie, NY 12205-5721
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    • Value Estimation by Request
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      66 Railroad Ave

      WAREHOUSE, STORAGE • 27,940 SF
      66 Railroad Ave, Colonie, NY 12205-5968
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    • Value Estimation by Request
      32,500 SF

      12 Selina Dr

      WAREHOUSE, STORAGE • 32,500 SF
      12 Selina Dr, Albany, NY 12205-4724
      View Details
    • Value Estimation by Request
      114,796 SF

      1653 Central Ave

      WAREHOUSE, STORAGE • 114,796 SF
      1653 Central Ave, Albany, NY 12205-4021
      View Details

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      Acre lot, prime location
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    • $1,200,000
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      Albany Office Building: 15,315 SF

      Fully leased Class B office building in Albany, NY. Excellent investment opportunity.
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    Similar Nearby for Lease

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      View Details
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    • $6 SF/Yr
      24,944 SF

      Industrial Building Near I-90/I-87

      24,944 SF industrial building with loading docks and office space.
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    • $7 SF/Yr
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      Accessible Warehouse Near Major Interstates

      Warehouse space with easy access to I-87 and I-90.
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    • $4,600 /Mo
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      Central Avenue Flex Space Available

      Flex space for lease on Central Avenue in Albany, NY.
      1995 Central Ave, Albany, NY 12205
      View Details
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    16 Commercial Ave
    Albany, NY 12205
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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