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Property profile & analytics
OFF-MARKET
Automotive properties
350 New Karner Rd, Albany, NY 12205-4613
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-2343671
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2021
Total area
19,526 SF
Lot
4.4 ac (191,664 SF)
Zoning code
42
APN
012601 29.14-1-1.1
UPID
US63-2343671
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
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
McGovern Volvo Cars Albany Car Dealership
-
McGovern Volvo Cars Albany Service Department Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mag Re Holdings Albany LLC · 3 yrs held
Mag Re Holdings Albany LLC
since 2022
Last sale
$12.6M
7 recorded transactions
Zoning & alternative use
42 · Albany, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,800,000
Assessed 2023
Previous assessed
$1,800,000
+0.0% YoY
Assessed land
$330,000
Assessed improvement
$1,470,000
Land market value
$647,057
Improvement market value
$2,882,343
Total market value
$3,529,400
Applied tax rate
12,601.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2021
Heating
NONE
Cooling
PARTIAL
Stories
2
Total area
19,526 SF
Lot
4.4 ac (191,664 SF)
Zoning code
42
APN
012601 29.14-1-1.1
UPID
US63-2343671
Jurisdiction
ALBANY
Zoning & alternative use
42 · Albany, NY
Zoning 42 · permitted uses
42 · 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.
Building & site characteristics
From public records
Year built
2021
Heating
NONE
Cooling
Yes
Stories
2
Lot
4.4 ac
Current owner
From public records · entity-resolved
Mag Re Holdings Albany LLC
Entity
Mailing address
777 WASHINGTON ST, NEWTON, MA 02460-1701
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2026
—
Mag Re Holdings-albany LLC
—
Deed
related
$9,880,000
Nov 1, 2022
$12,632,000
Mag Re Holdings Albany LLC
Tek II Realty LLC
Bargain And Sale Deed
$10,000,000 · M & T Bank
Nov 1, 2022
—
Tek II Realty LLC
Tek Reatly Associates LLC
Bargain And Sale Deed
—
Feb 19, 2021
—
Tek Realty Associates LLC
350 New Karner Realty LLC
Bargain And Sale Deed
$5,850,000 · M & T Bank
Dec 9, 2020
—
Village Of Colonie
350 New Karner Realty LLC
Correction Deed
related
—
Mar 11, 2020
—
Village Of Colonie
350 New Karner Realty LLC
Grant Deed
related
—
Jan 2, 2019
—
Harry Liapes
Liapes,catherine
Quit Claim Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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