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Property profile & analytics
OFF-MARKET
Estimated value
$3,315,000
Hotels
22 Holland Ave, Albany, NY 12209-1713
Entity Owned
10-yr Hold
Free & Clear
Property ID
US63-2935664
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1950
Total area
84,840 SF
Lot
0.52 ac (22,512 SF)
Zoning code
CO
APN
010100 76.46-5-22
UPID
US63-2935664
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
-
TownePlace Suites Albany Downtown/Medical Center Hotel & Motel
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
22 Holland Avenue Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.32M
Owner & transaction history
Sayville Browning Props INC · 10 yrs held
Sayville Browning Props INC
since 2016
Last sale
$4.2M
5 recorded transactions
Zoning & alternative use
CO · Albany, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.5M
+551.2%
Auto repair, garage
$5.4M
+543.9%
Retail stores
$3.0M
+253.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,485,000
Change: +551% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,425,000
Change: +544% · Conversion: Difficult
RETAIL STORES
$2,975,000
Change: +253% · Conversion: Difficult
MEDICAL BUILDING
$2,050,000
Change: +144% · Conversion: Difficult
Blend value · Realmo final
$3.32M
Range $2.98M – $3.65M · ±10% · vs last sale $4.15M (Feb 20 2024)
Last sale anchor
$4.15M
Feb 20 2024
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
$39 / 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
$2,500,000
Assessed 2023
Previous assessed
$2,500,000
+0.0% YoY
Assessed land
$776,700
Assessed improvement
$1,723,300
Land market value
$1,096,569
Improvement market value
$2,433,009
Total market value
$3,529,578
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
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
Off-Market
Year built
1950
Heating
NONE
Cooling
CENTRAL
Stories
7
Total area
84,840 SF
Lot
0.52 ac (22,512 SF)
Zoning code
CO
APN
010100 76.46-5-22
UPID
US63-2935664
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.4M
RETAIL STORES
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1950
Heating
NONE
Cooling
Yes
Stories
7
Lot
0.52 ac
Current owner
From public records · entity-resolved
Sayville Browning Props INC
Entity
Free & Clear · 10 yrs held
Mailing address
22 HOLLAND AVE, ALBANY, NY 12209-1713
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Mar 1, 2018
—
True N Albany Extended Stay Ll
—
Loan Modification
related
$6,750,000 · Sterling Nat'l Bk
Apr 25, 2016
$3,654,560
Sayville Browning Props INC
Morwood Associates Of Ny LLC
Grant Deed
—
Sep 27, 2012
—
True North Albany Extended Sta
—
Deed Of Trust
related
$6,700,000 · Manufacturers Traders & Trust
—
—
True N Albany Extended Stay Ll
—
Deed Of Trust
related
$950,000 · Sterling Nat'l Bk
—
—
True N Albany Extended Stay Ll
—
Deed Of Trust
related
$843,797 · Sterling Nat'l Bk
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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