Individually Owned 
For Sale
$6,010,000
3 University Pl, Rensselaer, NY 12144
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Property summary
AI-generated overview
The property is a laboratory facility configured as a multi-tenant, three-floor space totaling approximately 31,752 square feet, with the ability to be subdivided into separate units. Each subdividable area is secured with individual key fob access. The building includes a large common breakroom with cafeteria-style amenities and grab-and-go food service, as well as an outdoor patio. The facility is located in the Capitol District biomedical hub area in close proximity to major regional biomedical and research organizations, including Regeneron, Kinentia Bioscience, NY CREATES, and the UAlbany School of Public Health & Cancer Research Center.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Total area
161,972 SF
Lot
26.62 ac (1,159,567 SF)
Zoning code
OI
APN
382400 154.-1-1
UPID
US63-4187562
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Laboratory
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.23M
Blend (final)
Blend
$6.01M
Owner & transaction history
since 2017
3 recorded transactions
Zoning & alternative use
OI · Rensselaer, NY
Top alternative use upside
Commercial (general)
$9.6M
+9.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$6.01M
Value range
$5.41M – $6.61M
±10% around blend
Estimated value / SF
$37 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
$5.41M
blend $6.01M
$6.61M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
161,972 SF
Lot area
26.62 ac
Year built
1950
Stories
3
APN
382400 154.-1-1
Zoning
OI
Assessed value
$25,916,400
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$5.23M
Range $784k – $5.23M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.01M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 31 sales
$54
-31%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $37/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+10%
vs current-use indication
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$25.92M
Move the market yield to see immediate price impact.
Value / SF
$160
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$1.63M
$32.65M
$23.32M
$18.14M
$1.81M
$36.28M
$25.92M
$20.16M
$2.00M
$39.91M
$28.51M
$22.17M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Property tax & assessments
Assessed value
$25,916,400
Assessed 2023
Previous assessed
$25,916,400
+0.0% YoY
Assessed land
$124,400
Assessed improvement
$25,792,000
Land market value
$154,765
Improvement market value
$32,087,584
Total market value
$32,242,349
Applied tax rate
382,401.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1950
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
3
Total area
161,972 SF
Lot
26.62 ac (1,159,567 SF)
Zoning code
OI
APN
382400 154.-1-1
UPID
US63-4187562
Jurisdiction
RENSSELAER
Zoning & alternative use
OI · Rensselaer, NYZoning OI · permitted uses
OI · Rensselaer, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Cooling
Yes
Stories
3
Buildings
3
Lot
26.62 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
OI
Jurisdiction
Rensselaer, NY
Recorded code
OI
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for OI in Rensselaer, NY.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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