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Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Industrial properties
2nd Tibbits Ave, Troy, NY 12183-1522
Entity Owned
8-yr Hold
Free & Clear
Property ID
US63-3126886
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1968
Total area
40,480 SF
Lot
1.8 ac (78,408 SF)
Zoning code
06 - INDUSTRIAL
APN
012801 20.16-2-3
UPID
US63-3126886
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.15M
Owner & transaction history
Tkmj & Associates LLC · 8 yrs held
Tkmj & Associates LLC
since 2018
6 recorded transactions
Zoning & alternative use
06 - INDUSTRIAL · Troy, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+14.3%
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 Troy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Troy 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
INDUSTRIAL (GENERAL)
$1,245,000
Current use
RETAIL STORES
$1,420,000
Change: +14% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,200,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$1.15M
Range $1.04M – $1.27M · ±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
$28 / 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
$1,747,200
Assessed 2023
Previous assessed
$1,747,200
+0.0% YoY
Assessed land
$230,000
Assessed improvement
$1,517,200
Land market value
$294,872
Improvement market value
$1,945,128
Total market value
$2,240,000
Applied tax rate
12,801.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1968
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
40,480 SF
Lot
1.8 ac (78,408 SF)
Zoning code
06 - INDUSTRIAL
APN
012801 20.16-2-3
UPID
US63-3126886
Jurisdiction
ALBANY
Zoning & alternative use
06 - INDUSTRIAL · Troy, NY
Zoning 06 - INDUSTRIAL · permitted uses
06 - INDUSTRIAL · Troy, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Troy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1968
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.8 ac
Current owner
From public records · entity-resolved
Tkmj & Associates LLC
Entity
Free & Clear · 8 yrs held
Mailing address
2ND TIBBITS AVE, GREEN ISLAND, NY 12183-1522
Ownership since
2018
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
Jun 22, 2018
$1,425,000
Tkmj & Associates LLC
24 Amity Street LLC
Warranty Deed
—
Jun 22, 2018
—
Tkmj & Associates LLC
24 Amity Street LLC
Grant Deed
related
—
Apr 14, 2014
$820,000
24 Amity Street LLC
Td Bk NA
Warranty Deed
—
Dec 7, 2012
$600,000
Td Bk NA
Upstate Industries LLC
Grant Deed
related
—
May 3, 2007
$200,000
Upstate Industries LLC
Honeywell International INC
Grant Deed
—
—
—
Tkmj & Associates LLC
—
Loan Modification
related
$1,100,000 · Keybank USA
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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