Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    467 Madison Ave Albany, NY 12210-1002
    Back to Search
    Property profile & analytics

    467 Madison Ave, Albany, NY 12210-1002

    View on Map
    • Investment properties
    • 2,052 SF
    • 0.02 lot acres
    Off-Market
    Last Sale Sep 20, 2024
    $295,000
    Property ID
    US63-0077230
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ben & Jerry’s / Grocery & Convenience Store / Specialty Food Shop

    Property Details for 467 Madison Ave

    Year built
    1930
    Lot size
    0.02 lot acres
    Zone code
    R2C
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    010100 76.23-3-69
    APU
    101007623369

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 20, 2024 $295,000 467 Madison Ave Albany LLC Solyve LLC Deed $221k · Ballston Spa National Bank
    Feb 9, 2017 — Solyve LLC Noonan,patrick & Brianne Grant Deed · related —
    Feb 8, 2016 $155,000 Patrick Noonan Palden,tashi & Jessica Grant Deed —
    Feb 23, 2007 — Jessica Palden Higgins,jessica Warranty Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.7685
    Latitude
    42.6532
    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
    $11,500
    $143,500
    $155,000
    -
    $16,236
    $202,598
    $218,834

    Comparable in this City

    • Value Estimation by Request
      1,088 SF

      12 Delaware Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      12 Delaware Ave, Albany, NY 12210-1602
      View Details
    • Value Estimation by Request
      2,420 SF

      250 Orange St

      OFFICE/RESIDENTIAL (MIXED USE)
      250 Orange St, Albany, NY 12210-2422
      View Details
    • Value Estimation by Request
      1,672 SF

      125 Henry Johnson Blvd

      OFFICE/RESIDENTIAL (MIXED USE)
      125 Henry Johnson Blvd, Albany, NY 12210-1529
      View Details
    • Value Estimation by Request
      2,450 SF

      25 Lark St

      OFFICE/RESIDENTIAL (MIXED USE)
      25 Lark St, Albany, NY 12210-1521
      View Details
    • Value Estimation by Request
      1,760 SF

      213 Clinton Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      213 Clinton Ave, Albany, NY 12210-2401
      View Details
    • Value Estimation by Request
      3,350 SF

      107 Lark St

      OFFICE/RESIDENTIAL (MIXED USE)
      107 Lark St, Albany, NY 12210-1451
      View Details

    Similar Nearby for Sale

    • $759,900
      3,160 SF

      Mixed-Use Building in Center Square

      Mixed-use property with commercial space and residential units in Albany.
      197 Lark St, Albany, NY 12210
      View Details
    • $759,900
      4,360 SF

      Mixed-Use Building in Center Square

      Mixed-use property with commercial space and residential units.
      197 Lark St, Albany, NY 12210
      View Details
    • $846,000
      0.05 Acres

      Albany Mixed-Use Investment Opportunity

      Prime Albany location, 0.05-acre lot, $846,000.
      89 Columbia St, Albany, NY 12210
      View Details
    • $150,000
      Pending

      Albany Church Renovation Opportunity

      Commercially zoned church building in Albany, NY, for sale.
      269 Spruce St, Albany, NY 12210
      View Details
    • New
      $320,000
      3,666 SF

      Mixed-Use Property in Albany, NY

      Mixed-use property with apartments, commercial space, and garage bays.
      97 Henry Johnson Blvd, Albany, NY 12210
      View Details
    • $649,000
      4,123 SF

      Mixed-Use Building in Historic Albany

      Versatile mixed-use property with retail and residential units.
      204 Lancaster St, Albany, NY 12210
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,420 SF

      Prime Office Space on Washington

      First-floor office suite near NYS Capitol, build-to-suit available.
      119 Washington Ave, Albany, NY 12210
      View Details
    • Contact for pricing
      4,500 SF

      Downtown Albany Restaurant/Bar Space

      4,500 SF former bar/restaurant space in downtown Albany.
      84-86 N Pearl St, Albany, NY 12210
      View Details
    • Contact for pricing

      High-Traffic Commercial Storefront For Rent

      Prime location suitable for coffee shop, office, or mixed-use space.
      46 Clinton Ave, Albany, NY 12210
      View Details
    • Contact for pricing
      3,079 SF

      Albany Office Space Available

      Office space available for lease in Albany, New York.
      155 Washington Ave, Albany, NY 12210
      View Details
    • Contact for pricing
      11,300 SF

      Office and Retail Spaces Available

      Multiple office suites and a retail space for lease.
      194 Washington Ave, Albany, NY 12210
      View Details
    • Contact for pricing

      Downtown Albany Commercial Space

      1,900 SF commercial space in downtown Albany for lease.
      144 Washington Avenue Ext, Albany, NY 12210
      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.
    467 Madison Ave
    Albany, NY 12210-1002
    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

    Thank You for Inquiry
    467 Madison Ave, Albany, NY, 12210
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!