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    Property profile & analytics

    489 Delaware Ave Albany, NY 12209

    • Turn key restaurants
    • 2,464 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    $260,000
    Location Intelligence
    Property ID
    US63-2605779
    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

    • Turn key restaurants

    Property Details for 489 Delaware Ave

    Year built
    1988
    Lot size
    0.13 lot acres
    Property size
    2,464 SF
    Zone code
    C2
    Property type
    Turn key restaurants
    APN
    010100 75.68-2-19.2
    APU
    1010075682192

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.786
    Latitude
    42.6398
    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
    $67,700
    $132,300
    $200,000
    -
    $95,581
    $186,785
    $282,366

    Comparable in this City

    • Value Estimation
      $335,000
      5,424 SF

      272 Delaware Ave

      RESTAURANT • 5,424 SF
      272 Delaware Ave, Albany, NY 12209-1747
      View Details
    • Value Estimation
      $255,000
      3,376 SF

      556 Delaware Ave

      RESTAURANT • 3,376 SF
      556 Delaware Ave, Albany, NY 12209-1415
      View Details
    • Value Estimation
      $285,000
      3,069 SF

      170 Delaware Ave

      BAR, TAVERN • 3,069 SF
      170 Delaware Ave, Albany, NY 12209-1705
      View Details
    • Value Estimation by Request
      4,014 SF

      31 Holland Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,014 SF
      31 Holland Ave, Albany, NY 12209-1712
      View Details
    • Value Estimation by Request
      2,657 SF

      278 Delaware Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,657 SF
      278 Delaware Ave, Albany, NY 12209
      View Details
    • Value Estimation by Request
      0.13 Acres

      6 Kate St

      PARKING LOT • 0.13 Acres
      6 Kate St, Albany, NY 12209
      View Details

    Similar Nearby for Sale

    • $224,777
      1,134 SF

      Retail Space with Commercial Kitchen

      Retail space with equipment, suitable for restaurant or retail.
      532 Delaware Ave, Albany, NY 12209
      View Details
    • $379,000
      3,887 SF

      Retail Building on Delaware Avenue

      3,800+/- sqft retail building with redevelopment potential.
      390 Delaware Ave, Albany, NY 12209
      View Details
    • $260,000

      Retail Property For Sale

      Retail property available for purchase. Contact listing agent for details.
      485 Delaware Ave, Albany, NY 12209
      View Details
    • $232,900
      Pending

      Albany Two-Family Home Near Park

      Two-family property in Albany, near park, with income potential.
      278 Morton Ave, Albany, NY 12209
      View Details
    • $40,000
      Pending

      Residential Land in Albany, NY

      Single building lot near colleges, hospitals, and schools.
      21 Rose Ct, Albany, NY 12209
      View Details
    • $85,000

      Albany Lot Near Normanskill Preserve

      0.95-acre lot near Normanskill Preserve with water views.
      689-691 Delaware Ave, Albany, NY 12209
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      10 Acres Commercial Land Available

      10 acres of commercial land with high traffic and visibility.
      351 Southern Blvd, Albany, NY 12209
      View Details
    • Contact for pricing
      204,000 SF

      Albany Warehouse Space Available

      204,000 square foot warehouse space for lease in Albany.
      451 Southern Blvd, Albany, NY 12209
      View Details
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    489 Delaware Ave
    Albany, NY 12209
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    Realmo Value Estimation

    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.

    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.

    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
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