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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Investment properties
418 Pearl St Albany, NY 12202-1912
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-0990473
Property summary
AI-generated overview
This exceptional 8,312-square-foot industrial property, located at 418 South Pearl Street in Albany, New York, presents a unique investment opportunity. Built in 2016, this single-story building sits on a spacious 1.5-acre lot and offers 29 parking spaces. The property boasts high visibility along South Pearl Street, with 208 feet of frontage, ensuring excellent exposure for your business. Its I-1 zoning allows for a range of light industrial uses. The building is conveniently located just off I-787, providing easy access to major transportation routes. Currently vacant, this freestanding structure offers immediate occupancy. The property features ample space for operations and storage, making it suitable for a variety of businesses. The address is 418 S Pearl St, Albany, NY 12202, with cross streets at 2nd Avenue. The parcel number is 76.73-3-12. The building is available for lease.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2016
Total area
9,200 SF
Lot
1.5 ac (65,340 SF)
Zoning code
M1
APN
010100 76.73-3-12
UPID
US63-0990473
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
-
Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$930k
Owner & transaction history
Ffbwood 1 LLC · 11 yrs held
Ffbwood 1 LLC
since 2015
5 recorded transactions
Zoning & alternative use
M1 · Albany, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+38.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$720,000
Current use
AUTO REPAIR, GARAGE
$1,000,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$660,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10%
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
$101 / 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
$750,000
Assessed 2023
Previous assessed
$750,000
+0.0% YoY
Assessed land
$140,000
Assessed improvement
$610,000
Land market value
$197,656
Improvement market value
$861,217
Total market value
$1,058,873
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2016
Heating
STEAM
Cooling
CENTRAL
Buildings
1
Stories
1
Bathrooms
6
Total area
9,200 SF
Lot
1.5 ac (65,340 SF)
Zoning code
M1
APN
010100 76.73-3-12
UPID
US63-0990473
Jurisdiction
ALBANY
Zoning & alternative use
M1 · Albany, NY
Zoning M1 · permitted uses
M1 · 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
COMMERCIAL (GENERAL) Current
Est. value
$720,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$660,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2016
Heating
STEAM
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
6
Lot
1.5 ac
Current owner
From public records · entity-resolved
Ffbwood 1 LLC
Entity
Free & Clear · 11 yrs held
Mailing address
500 VOLVO PKWY, CHESAPEAKE, VA 23320-1604
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2016
—
Ffbwood 1 LLC
—
Deed
related
$1,475,000 · National Un Bk/kinderhook
May 19, 2015
$425,000
Ffbwood 1 LLC
Msw Properties LLC
Warranty Deed
—
Oct 13, 2010
—
Msw Properties LLC
Msw Properties LLC
Quit Claim Deed
—
Jul 24, 2009
$255,000
Msw Properties LLC
Ferrara,carmine A
Grant Deed
—
—
—
Ffbwood 1 LLC
—
Deed Of Trust
related
$1,475,000 · National Un Bk/kinderhook
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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