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Property profile & analytics
OFF-MARKET
Estimated value
$6,270,000
Hotels
300 Broadway, Albany, NY 12207-2901
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-0128655
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1963
Total area
72,648 SF
Lot
0.83 ac (36,160 SF)
Zoning code
C3
APN
010100 76.11-1-11
UPID
US63-0128655
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
-
Livingston Charge Port Charging Station Electric Vehicle Charging Station
-
ATM Atm
-
Center For An Examined Life Hotel & Motel Bed & Breakfast
-
Holiday Inn Express Albany - Downtown, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.09M
CAP Approach
CAP
$5.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.27M
Owner & transaction history
Neb Reo LLC · 3 yrs held
Neb Reo LLC
since 2022
Last sale
$7.4M
7 recorded transactions
Zoning & alternative use
C3 · Albany, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.5M
+657.6%
Auto repair, garage
$4.6M
+543.9%
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
$4,565,000
ML approach
$6,090,000
CAP Approach
CAP Return
Estimation
6%
$6,470,000
6.5%
$5,970,000
7%
$5,545,000
Alternative Use
Use
Estimation
RESTAURANT
$5,465,000
Change: +658% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,645,000
Change: +544% · Conversion: Difficult
Blend value · Realmo final
$6.27M
Range $5.64M – $6.90M · ±10% · vs last sale $7.36M (Sep 26 2022)
Last sale anchor
$7.36M
Sep 26 2022
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
$86 / 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
$3,201,400
Assessed 2023
Previous assessed
$3,201,400
+0.0% YoY
Assessed land
$383,300
Assessed improvement
$2,818,100
Land market value
$541,155
Improvement market value
$3,978,681
Total market value
$4,519,836
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
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
Off-Market
Year built
1963
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
5
Total area
72,648 SF
Lot
0.83 ac (36,160 SF)
Zoning code
C3
APN
010100 76.11-1-11
UPID
US63-0128655
Jurisdiction
ALBANY
Zoning & alternative use
C3 · Albany, NY
Zoning C3 · permitted uses
C3 · 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
$5.5M
AUTO REPAIR, GARAGE
Est. value
$4.6M
RESTAURANT
AUTO REPAIR, GARAGE
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
1963
Heating
NONE
Cooling
Yes
Stories
5
Buildings
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Neb Reo LLC
Entity
Mailing address
300 BROADWAY, ALBANY, NY 12207-2901
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2026
—
Lc
—
Deed
related
$3,440,000 · Empire State Certified Development Corpo
Jan 10, 2023
—
The Oiring Collection LLC
—
Deed
related
$3,681,000 · First Ic Bank
Sep 26, 2022
$5,500,000
Neb Reo LLC
Mauavirsingh Chudasma
Referee's Deed - Used To Transfer Property Pursuant To A Foreclosure Sale In New York Counties
related
$2,300,000 · Northeast Bank
Jul 11, 2018
—
Dc Hotels Two LLC
—
Deed
related
$2,848,527 · Starwood Mtg Cap
May 8, 2018
—
Dc Hotels Two LLC
—
Loan Modification
related
$7,200,000 · Starwood Mtg Cap
Apr 23, 2015
$2,800,000
Dc Hotels Two LLC
Jaidyl Ents LLC
Grant Deed
$2,675,000 · Ssc Albany LLC
Apr 15, 2015
$2,700,000
Jaidyl Ents LLC
S2 Albany Hotel Owner LLC
Grant Deed
—
Feb 24, 2012
—
S2 Albany Hotel Owner LLC
Capital Lodgic LLC
Deed In Lieu Of Foreclosure
related
—
Dec 6, 2006
$2,662,900
Capital Lodgic LLC
Owner,record
Warranty Deed
related
—
—
—
Dc Hotels Two LLC
—
Deed Of Trust
related
$2,848,527 · Starwood Mtg Cap
—
—
Dc Hotels Two LLC
—
Deed Of Trust
related
$2,848,527 · Starwood Mtg 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.
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