Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    501 Yates St Albany, NY 12208-3729
    Property profile & analytics

    501 Yates St, Albany, NY 12208-3729

    View on Map
    • Investment properties
    • 1,496 SF
    • 0.06 lot acres
    Off-Market
    Property ID
    US63-2149250
    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

    • Investment properties

    Property Details for 501 Yates St

    Year built
    1930
    Lot size
    0.06 lot acres
    Zone code
    R2A
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    010100 64.76-1-21
    APU
    101006476121

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 2, 2010 $313,000 Mohammad Arif Galietta,deborah Quit Claim Deed —
    Jan 13, 2009 — Deborah Galietta Galietta,gabriel Quit Claim Deed · related —
    — — Gabriel Galietta — Deed Of Trust · related $3k · Gerald J & Diana L Michelson

    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
    -73.7832
    Latitude
    42.6606
    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
    $12,300
    $73,000
    $85,300
    -
    $17,365
    $103,064
    $120,429

    Comparable in this City

    • Value Estimation by Request
      3,376 SF

      139 Knox St

      OFFICE/RESIDENTIAL (MIXED USE)
      139 Knox St, Albany, NY 12208-3566
      View Details
    • Value Estimation by Request
      2,576 SF

      858 Madison Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      858 Madison Ave, Albany, NY 12208-3712
      View Details
    • Value Estimation by Request
      6,199 SF

      1112 Madison Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      1112 Madison Ave, Albany, NY 12208-2248
      View Details
    • Value Estimation by Request
      4,066 SF

      790 Madison Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      790 Madison Ave, Albany, NY 12208-3727
      View Details
    • Value Estimation by Request
      3,358 SF

      917 Madison Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      917 Madison Ave, Albany, NY 12208
      View Details
    • Value Estimation by Request
      2,300 SF

      454 Madison Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      454 Madison Ave, Albany, NY 12208-3601
      View Details

    Similar Nearby for Sale

    • $499,800
      Pending

      Mixed-Use Property Near Albany Med

      Mixed-use property with apartments and restaurant near Albany's landmarks.
      261 New Scotland Ave, Albany, NY 12208
      View Details
    • $389,000

      Mixed-Use Property in Pine Hills

      Versatile mixed-use property with retail, office, and residential potential.
      891 Madison Avenue Ext, Albany, NY 12208
      View Details
    • $1,350,000

      Mixed-Use Buildings and Home For Sale

      Three buildings for sale near Albany Medical Center and St. Peter's Hospital.
      423 Quail St, Albany, NY 12208
      View Details
    • $499,800
      3,720 SF

      Mixed-Use Building on New Scotland

      Mixed-use property with apartments and restaurant near Albany Med.
      261 New Scotland Ave, Albany, NY 12208
      View Details
    • New
      $299,900
      1,720 SF

      Mixed-Use Building Conversion Opportunity

      Mixed-use building suitable for conversion to a two-family property.
      538 New Scotland Ave, Albany, NY 12208
      View Details
    • $995,000
      13,200 SF

      Historic Church and Parish Hall

      Two-building property with modern updates and commercial kitchen.
      820 Madison Avenue Ext, Albany, NY 12208
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Prime Retail Space Available

      Retail space available next to high-volume Dunkin' Donuts.
      1066 Madison Ave, Albany, NY 12208
      View Details
    • $15 SF/Yr
      4,800 SF

      Albany Office Space For Rent

      Office space available for lease in Albany, New York.
      285 New Scotland Ave, Albany, NY 12208
      View Details
    • Contact for pricing
      2,500 SF

      Medical Office Space Available

      Medical office space near St. Peters and Albany Med.
      1092 Madison Ave, Albany, NY 12208
      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.
    501 Yates St
    Albany, NY 12208-3729
    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
    501 Yates St, Albany, NY, 12208
    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!