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    310 Pearl St Albany, NY 12202-1940
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    310 Pearl St Albany, NY 12202-1940

    View on Map
    • Investment properties
    • 10,004 SF
    • 0.76 lot acres
    Off-Market
    Property ID
    US63-0085468
    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.
    Value Estimations
    $1,015,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Julie K. Cross-Briggs, RPH / Pharmacy
    • higi / Physician
    • Dollar General / Discount Store
    • Krystal Nieckarz / Pharmacy
    • Western Union / Bank / Credit Union

    Property Details for 310 Pearl St

    Year built
    1994
    Lot size
    0.76 lot acres
    Property size
    10,004 SF
    Zone code
    C1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    010100 76.65-4-7
    APU
    10100766547

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,095,000
      Market price range: $406k - $1.10M
      AI Estimate
      $938,000
      Market price range: $404k - $939k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $785,000
      Current use
      AUTO REPAIR, GARAGE
      $1,090,000
      Change: +39% Conversion: Difficult
      OFFICE BUILDING
      $720,000
      Change: -8% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.7573
    Latitude
    42.6403
    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
    $351,400
    $517,100
    $868,500
    -
    $496,117
    $730,058
    $1,226,175

    Comparable in this City

    • Value Estimation by Request
      1,596 SF

      24 2nd Ave

      STORE/OFFICE (MIXED USE) • 1,596 SF
      24 2nd Ave, Albany, NY 12202-1551
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    • Value Estimation by Request
      2,385 SF

      48 Delaware St

      STORE/OFFICE (MIXED USE) • 2,385 SF
      48 Delaware St, Albany, NY 12202-1507
      View Details
    • Value Estimation by Request
      2,044 SF

      14 Delaware St

      STORE/OFFICE (MIXED USE) • 2,044 SF
      14 Delaware St, Albany, NY 12202-1507
      View Details
    • Value Estimation by Request
      1,188 SF

      58 Morton Ave

      STORE/OFFICE (MIXED USE) • 1,188 SF
      58 Morton Ave, Albany, NY 12202-1607
      View Details
    • Value Estimation by Request
      3,906 SF

      118 Arch St

      STORE/OFFICE (MIXED USE) • 3,906 SF
      118 Arch St, Albany, NY 12202-1827
      View Details
    • Value Estimation by Request
      3,272 SF

      165 Madison Ave

      STORE/OFFICE (MIXED USE) • 3,272 SF
      165 Madison Ave, Albany, NY 12202-1760
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Investment Property in Albany, NY

      Investment property suitable for business portfolio expansion in Albany, NY.
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    • New
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      Renovated Mixed-Use Building with Restaurant

      Turn-key restaurant and apartment in downtown Albany location.
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    • New
      $575,000
      3,272 SF

      Downtown Albany Mixed-Use Investment

      Renovated mixed-use property with restaurant and apartment in Albany.
      165 Madison Avenue Ext, Albany, NY 12202
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    • $75,000
      0.06 Acres

      Corner Lot in Albany, NY

      Three mixed-use lots on a highly visible corner, bus line.
      563 S Pearl St, Albany, NY 12202
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    • $279,999
      2,762 SF

      Renovated Multi-Use Building For Sale

      Renovated multi-use building with high-visibility and expansion potential.
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    Similar Nearby for Lease

    • Contact for pricing

      Mechanic Shop For Lease

      Established Mechanic Shop for Lease
      105 2Nd Ave, Albany, NY 12202
      View Details
    • $9 SF/Yr
      25,200 SF

      Warehouse/Manufacturing Facility with IOS

      25,200 SF warehouse/manufacturing facility with industrial outdoor storage.
      229 Church St, Albany, NY 12202
      View Details
    • $1,800 /Mo

      Albany Commercial Space For Lease

      Commercial space for lease in Albany, New York.
      347 South Pearl St, Albany, NY 12202
      View Details
    • Contact for pricing
      20,000 SF

      Four-Story Warehouse with Unloading Ramp

      Four-story warehouse with unloading ramp, large open area.
      340 Church St, Albany, NY 12202
      View Details

    Property Visit Statistics

    • Visits by month
      4.6k
    • Visitors by month
      4.1k
    • Avg Time on site
      18 min
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    310 Pearl St
    Albany, NY 12202-1940
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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