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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Manufacturing properties
47 Broadway Menands, NY 12204-2767
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-0164195
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1922
Total area
44,430 SF
Lot
3 ac (130,680 SF)
Zoning code
85
APN
012603 55.17-1-54
UPID
US63-0164195
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
-
The Welding Guy's LLC General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$760k
Blend (final)
Blend
$665k
Owner & transaction history
Cadco Associates LLC · 9 yrs held
Cadco Associates LLC
since 2017
5 recorded transactions
Zoning & alternative use
85 · Menands, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+11.9%
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 Menands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Menands 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
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$960,000
Current use
MEDICAL BUILDING
$1,075,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$805,000
Change: -16% · Conversion: Difficult
WAREHOUSE, STORAGE
$800,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$15 / 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
$625,000
Assessed 2023
Previous assessed
$625,000
+0.0% YoY
Assessed land
$153,000
Assessed improvement
$472,000
Land market value
$300,002
Improvement market value
$925,498
Total market value
$1,225,500
Applied tax rate
12,615.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1922
Heating
NONE
Cooling
PARTIAL
Buildings
2
Stories
2
Total area
44,430 SF
Lot
3 ac (130,680 SF)
Zoning code
85
APN
012603 55.17-1-54
UPID
US63-0164195
Jurisdiction
ALBANY
Zoning & alternative use
85 · Menands, NY
Zoning 85 · permitted uses
85 · Menands, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Menands. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$960,000
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$805,000
WAREHOUSE, STORAGE
Est. value
$800,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1922
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
3 ac
Current owner
From public records · entity-resolved
Cadco Associates LLC
Entity
Mailing address
1700 BROADWAY, MENANDS, NY 12204-2701
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Jun 23, 2017
—
Cadco Associates LLC
—
Loan Modification, Consolidation And Extension
related
$825,000 · Ballston Spa Nat'l Bk
Jan 5, 2017
$660,000
Cadco Associates LLC
B & J Partners Group LLC
Warranty Deed
$500,000 · B & J Partners Group LLC
Nov 15, 2005
$1,100,000
Jill Fisher
Colonial Green LLC
Warranty Deed
—
—
—
Cadco Associates LLC
—
Deed Of Trust
related
$325,000 · Ballston Spa Nat'l Bk
—
—
Cadco Associates LLC
—
Deed Of Trust
related
$2,710,000 · Newtek Small Busn Fin
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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