Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    399 Pt 365 Broadway, NY

    • Distribution properties
    • 4,023 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    $195,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4320204
    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

    • Distribution properties

    Property Details for 399 Pt 365

    Year built
    1960
    Lot size
    1.00 lot acres
    Property size
    4,023 SF
    Zone code
    WF2
    Property type
    Distribution properties
    APN
    010100 76.11-3-1
    APU
    10100761131

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $195,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Broadway
    County
    Albany
    State
    New York
    Longitude
    -73.7478
    Latitude
    42.6477
    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
    $257,000
    $563,400
    $820,400
    -
    $362,841
    $795,425
    $1,158,266

    Comparable in this City

    • Value Estimation
      $1,275,000
      115,704 SF

      Main St, NY

      BUS TERMINAL • 115,704 SF
      Main St, NY
      View Details
    • Value Estimation
      $245,000
      2,240 SF

      Hancock Fld, NY

      BUS TERMINAL • 2,240 SF
      Hancock Fld, NY
      View Details
    • Value Estimation
      $245,000
      12.19 Acres

      Grasslands Rd, NY

      BUS TERMINAL • 12.19 Acres
      Grasslands Rd, NY
      View Details
    • Value Estimation
      $775,000
      23,044 SF

      First St, NY

      TRUCK TERMINAL (MOTOR FREIGHT) • 23,044 SF
      First St, NY
      View Details
    • Value Estimation
      $300,000
      2.40 Acres

      Chadwick Dr, NY

      TRUCK TERMINAL (MOTOR FREIGHT) • 2.40 Acres
      Chadwick Dr, NY
      View Details
    • Value Estimation by Request
      0.10 Acres

      Columbus Ave, NY

      DISTRIBUTION WAREHOUSE • 0.10 Acres
      Columbus Ave, NY
      View Details

    Similar Nearby for Sale

    • $4,500,000
      20,000 SF

      Freestanding Building For Sale/Lease

      Two-story, on-grade building suitable for wholesale, retail, and distribution.
      919 St W, Pelham, NY
      View Details
    • Contact for pricing

      Industrial Parcel Development Opportunity

      3.42-acre industrial parcel for development in Rockland County.
      555 Landmark Dr, Congers, NY
      View Details
    • $90,000
      10.03 Acres

      Brewster Commercial Land Opportunity

      10+ acres near I-84 and upcoming sports park.
      100 10 Acre Ln, Brewster, NY
      View Details
    • $5,350,000
      38,000 SF

      Medford Warehouse with Loading Dock

      38,000 SF warehouse with platform loading dock for sale.
      112 2066, Medford, NY
      View Details
    • Contact for pricing
      17,600 SF

      Dexter Warehouse Near Watertown

      17,600 SF warehouse on 1.5 acres near Watertown.
      19441 Ny-12F, Dexter, NY
      View Details
    • $265,000
      6,599 SF

      Mixed-Use Buildings on Large Lot

      Office and storage buildings on 2.79 acres for sale.
      119 Main St Pfeiffer Ln, Wayland, NY
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      54,000 SF

      New Construction Warehouse Space

      54,000 SF warehouse with dock and drive-in doors.
      120 Park Dr, Fultonville, NY
      View Details
    • $16 SF/Yr
      6,884 SF

      Jamaica Avenue Warehouse Space Available

      Warehouse space with loading docks and parking in Queens.
      184-10 Jamaica Ave, Queens, NY
      View Details
    • Contact for pricing
      11,653 SF

      Warehouse Space Near Airport

      28,979 SF warehouse space available for lease.
      840 Aero Dr, Cheektowaga, NY
      View Details
    • Contact for pricing
      65,143 SF

      Medford Warehouse with Loading Docks

      65,143 SF warehouse with loading docks and drive-ins.
      15 Way Donald's, Medford, NY
      View Details
    • Contact for pricing
      622,500 SF

      Schodack Landing Industrial Development Site

      Industrial development site with immediate access to Interstate 90.
      709 Us-9, Schodack Landing, NY
      View Details
    • $10 SF/Yr
      20,000 SF

      Bergen Warehouse with Tax Abatement

      20,000 SF warehouse with high ceilings and tax abatement.
      8245 Roxbury Ln, Bergen, NY
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    399 Pt 365
    Broadway, NY
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.