New search
Property profile & analytics
FOR LEASE
Hotels
205 Wolf Rd, Albany, NY 12205
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-0020784
For Lease
$15,160,000
205 Wolf Rd, Albany, NY 12205
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1975
Total area
183,613 SF
Lot
12.7 ac (553,212 SF)
Zoning code
12
APN
012689 30.4-1-52
UPID
US63-0020784
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
-
Ramada by Wyndham Albany International Airport / Wolf Rd Hotel & Motel
-
Jalen's Water Mold Fire Damage Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.09M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.16M
Owner & transaction history
Wolf 205 LLC · 2 yrs held
Wolf 205 LLC
since 2023
Last sale
$16.3M
6 recorded transactions
Zoning & alternative use
12 · Albany, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.3M
+600.7%
Commercial (general)
$14.1M
+590.0%
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
$13,050,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,350,000
6.5%
$15,090,000
7%
$14,015,000
Alternative Use
Use
Estimation
RESTAURANT
$14,345,000
Change: +601% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,125,000
Change: +590% · Conversion: Difficult
Blend value · Realmo final
$15.16M
Range $13.64M – $16.68M · ±10% · vs last sale $16.25M (Jul 19 2023)
Last sale anchor
$16.25M
Jul 19 2023
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
$83 / 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
$3,623,750
Assessed 2023
Previous assessed
$3,623,750
+0.0% YoY
Assessed land
$3,600,000
Assessed improvement
$23,750
Land market value
$7,058,831
Improvement market value
$46,569
Total market value
$7,105,400
Applied tax rate
12,605.0000
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
Hotels
Use group
HOTEL
Status
For Lease
Year built
1975
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
183,613 SF
Lot
12.7 ac (553,212 SF)
Zoning code
12
APN
012689 30.4-1-52
UPID
US63-0020784
Jurisdiction
ALBANY
Zoning & alternative use
12 · Albany, NY
Zoning 12 · permitted uses
12 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$14.3M
COMMERCIAL (GENERAL)
Est. value
$14.1M
RESTAURANT
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
12.7 ac
Current owner
From public records · entity-resolved
Wolf 205 LLC
Entity
Mailing address
205 WOLF RD, ALBANY, NY 12205-1124
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2023
$16,250,000
Wolf 205 LLC
205 Wolf LLC
Bargain And Sale Deed
$7,000,000 · 205 Wolf LLC
Aug 14, 2017
—
205 Wolf Land LLC
205 Wolf Holdings LLC
Quit Claim Deed
related
$62,465,000 · Natixis R/e Cap
Nov 18, 2014
$10,200,000
205 Wolf Road Holdings LLC
Referee Of Albany County|rich Albany Hotel LLC
Trustees Deed
related
—
Oct 18, 2006
$22,050,000
Rich Albany Hotel LLC
Turf House INC
Warranty Deed
—
—
—
205 Wolf Holdings LLC
—
Deed Of Trust
related
$12,850,000 · Dwv Albacore I LLC
—
—
205 Wolf Land LLC
—
Loan Modification
related
$62,465,000 · Natixis R/e Cap
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
