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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Warehouses
515 3rd Ave Ext Rensselaer, NY 12144-5614
Entity Owned
26-yr Hold
Free & Clear
Property ID
US63-3301491
Property profile
Verified
Property type
Warehouses
Use group
BULK STORAGE, TANKS
Year built
1975
Total area
38,608 SF
Lot
8.68 ac (378,101 SF)
Zoning code
R-1
APN
382400 144.-4-1
UPID
US63-3301491
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
-
Mabey's Moving and Storage, Inc. Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.20M
Owner & transaction history
MABEY'S REALTY INC
MABEY'S REALTY INC
Zoning & alternative use
R-1 · Rensselaer, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
s materials - See Ch. 117 . Housing - See Ch. 121 . Open burning - See Ch. 132 . Sewers - See Ch. 143 . Stormwater management - See Ch. 145 . Swimming pools - See Ch. 151 . ATTACHMENTS Attachment 1 - Bulk and Use Table: R-1 Residential District 1 Attachment 2 - Bulk and Use Table: R-2 Residential District 2 Attachment 3 - Bulk and Use Table: C-1 General Comm…
Zone name
Residential District
General category
RESIDENTIAL
Zone area
307.59 ac
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 Rensselaer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rensselaer 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±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
$31 / 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
$4,610,500
Assessed 2023
Previous assessed
$4,610,500
+0.0% YoY
Assessed land
$108,950
Assessed improvement
$4,501,550
Land market value
$135,544
Improvement market value
$5,600,336
Total market value
$5,735,880
Applied tax rate
382,401.0000
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
Warehouses
Use group
BULK STORAGE, TANKS
Status
Off-Market
Year built
1975
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
38,608 SF
Lot
8.68 ac (378,101 SF)
Zoning code
R-1
APN
382400 144.-4-1
UPID
US63-3301491
Jurisdiction
RENSSELAER
Zoning & alternative use
R-1 · Rensselaer, NYZoning R-1 · permitted uses
R-1 · Rensselaer, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
s materials - See Ch. 117 . Housing - See Ch. 121 . Open burning - See Ch. 132 . Sewers - See Ch. 143 . Stormwater management - See Ch. 145 . Swimming pools - See Ch. 151 . ATTACHMENTS Attachment 1 - Bulk and Use Table: R-1 Residential District 1 Attachment 2 - Bulk and Use Table: R-2 Residential District 2 Attachment 3 - Bulk and Use Table: C-1 General Commercial District Attachment 4 - Bulk and Use Table: MU-1 Downtown Mixed-Use Attachme
Zone name
Residential District
General category
RESIDENTIAL
Zone area
307.59 ac
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
8.68 ac
Current owner
From public records · entity-resolved
MABEY'S REALTY INC
Entity
Free & Clear · 0 yrs held
Mailing address
515 3RD AVE EXT, RENSSELAER, NY 12144-5614
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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