Entity Owned Property summary
AI-generated overview
The property is a net-lease (NNN) retail building located within the Albany, New York metropolitan statistical area (MSA). It contains 14,564 square feet and is situated along New York State Route 150, a roadway with an estimated traffic volume of 13,061 vehicles per day. The site is described as being within a five-mile radius of approximately 29,100 residents with an average household income of $140,385, and it is in an area with nearby national and local retail activity, including tenants such as Hannaford Supermarket, Subway, Dunkin’, Trustco Bank, USPS, and NAPA Auto Parts. The pharmacy use at this location was taken over by Walgreens in 2018, following prior operation by Rite Aid.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Total area
15,268 SF
Lot
2.28 ac (99,317 SF)
Zoning code
HMU
APN
384000 146.4-2-16
UPID
US63-4063173
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.45M
Owner & transaction history
since 2014
2 recorded transactions
Zoning & alternative use
HMU · West Sand Lake, NY
Top alternative use upside
Auto repair, garage
$1.2M
+71.7%
Restaurant
$1.2M
+67.7%
Commercial (general)
$930,000
+30.2%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.45M
Value range
$1.31M – $1.60M
±10% around blend
Estimated value / SF
$95 / SF
Confidence
Low
3 county-verified comps
Property data
88
Comparable evidence
30
$1.31M
blend $1.45M
$1.60M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
15,268 SF
Lot area
2.28 ac
Year built
2009
Stories
1
APN
384000 146.4-2-16
Zoning
HMU
Assessed value
$2,300,000
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$4.08M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
14.9 mi away · 12,157 SF
22.5 mi away · 10,822 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.45M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+72%
vs current-use indication
Restaurant
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.30M
Move the market yield to see immediate price impact.
Value / SF
$151
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$145k
$2.90M
$2.07M
$1.61M
$161k
$3.22M
$2.30M
$1.79M
$177k
$3.54M
$2.53M
$1.97M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$4.20M
7.1 mi · Jan 2026 · $277/SF
Property tax & assessments
Property tax & assessments
Assessed value
$2,300,000
Assessed 2023
Previous assessed
$2,300,000
+0.0% YoY
Assessed land
$400,000
Assessed improvement
$1,900,000
Land market value
$543,109
Improvement market value
$2,579,769
Total market value
$3,122,878
Applied tax rate
384,001.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2009
Heating
HOT WATER
Cooling
CENTRAL
Buildings
1
Stories
1
Bathrooms
2
Total area
15,268 SF
Lot
2.28 ac (99,317 SF)
Zoning code
HMU
APN
384000 146.4-2-16
UPID
US63-4063173
Jurisdiction
RENSSELAER
Zoning & alternative use
HMU · West Sand Lake, NYZoning HMU · permitted uses
HMU · West Sand Lake, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
2
Lot
2.28 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
HMU
Jurisdiction
West Sand Lake, NY
Recorded code
HMU
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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