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    Property profile & analytics

    3 Marcus Blvd Albany, NY 12205-1140

    • Office buildings
    • 31,960 SF
    • 1.58 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US63-1311072
    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

    • Nicholas J Marino & Co / Insurance Agency
    • Mark Lawson Antiques, Inc / Antique Store / Art Restoration Service
    • ADS Business Intelligence / Accounting Software Company
    • Integrated Financial Strategies / Financial Planner
    • FedEx Drop Box / Mailing Service

    Property Details for 3 Marcus Blvd

    Year built
    1989
    Lot size
    1.58 lot acres
    Property size
    31,960 SF
    Zone code
    12
    Property type
    Office buildings
    APN
    012689 30.4-1-55.21
    APU
    1268930415521

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.7982
    Latitude
    42.7216
    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
    $320,000
    $830,500
    $1,150,500
    -
    $627,456
    $1,628,444
    $2,255,900

    Comparable in this City

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      15 Computer W Dr

      OFFICE BUILDING • 35,571 SF
      15 Computer W Dr, Colonie, NY 12205-1606
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      24,000 SF

      4 Computer W Dr

      OFFICE BUILDING • 24,000 SF
      4 Computer W Dr, Colonie, NY 12205-1636
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    • Value Estimation by Request
      19,438 SF

      1988 Central Ave

      OFFICE BUILDING • 19,438 SF
      1988 Central Ave, Albany, NY 12205-4535
      View Details
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      33,130 SF

      9 Washington Sq

      OFFICE BUILDING • 33,130 SF
      9 Washington Sq, Albany, NY 12205-5525
      View Details
    • Value Estimation by Request
      37,262 SF

      7 Washington Sq

      OFFICE BUILDING • 37,262 SF
      7 Washington Sq, Albany, NY 12205-5507
      View Details

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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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    • $1,450,000
      0.66 Acres

      1735 Central Avenue

      Land • 12,000 SF
      1735 Central Ave, Albany, NY 12205
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    • $997,500
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      Albany Office Building: Prime Location

      1,430 SF Office, $997,500
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    Similar Nearby for Lease

    • $1.00 SF/Yr
      28,836 SF

      Class A Office Building For Lease

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    • $15 SF/Yr
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    • $15 SF/Yr
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      Renovated office building in excellent condition, suitable for owner occupancy.
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    • $16 SF/Yr
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      High Visibility Office Building

      22,000 SF office building near Albany Airport available for rent.
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    • $3,277 /Mo
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      Well-Appointed Office Building for Lease

      Office building with amenities and convenient access to transportation.
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    • Contact for pricing
      19,838 SF

      Four-Story Office Building For Lease

      Four-story office building in Albany's Wolf Road submarket.
      1 Park Pl, Colonie, NY 12205
      View Details
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    3 Marcus Blvd
    Albany, NY 12205-1140
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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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