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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Investment properties
518 Broadway Albany, NY 12207-2705
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US63-5889786
Property summary
AI-generated overview
This exceptional 9,520-square-foot retail space presents a unique opportunity in the heart of downtown Albany. Located at 518 Broadway, this single-tenant property offers a blank canvas for a discerning business owner. Built in 1920, the building sits on a 0.07-acre lot and boasts a substantial 9,520 square feet of vacant space, ready for immediate occupancy. Its prime downtown location offers unparalleled visibility and accessibility, making it ideal for a variety of retail ventures. Imagine a stylish boutique, a trendy sneaker store, an art gallery showcasing local talent, or even a modern co-working space. The possibilities are endless. The property's versatility extends to other uses, such as a barber shop, tattoo studio, or small office. This is a rare chance to establish a presence in a highly desirable area of Albany, within a building identified by Albany County APN 010100 76.34-3-26. The property's size and location offer significant potential for growth and success. Don't miss this chance to secure a prominent position in Albany's vibrant downtown scene. Contact us to explore this exciting opportunity further.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Total area
9,520 SF
Lot
0.07 ac (3,071 SF)
Zoning code
C3
APN
010100 76.34-3-26
UPID
US63-5889786
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
-
Saati Deli & Catering Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$895k
Owner & transaction history
Rng 111 Pine St LLC · 17 yrs held
Rng 111 Pine St LLC
since 2008
4 recorded transactions
Zoning & alternative use
C3 · Albany, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+38.8%
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 Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany 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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$745,000
Current use
AUTO REPAIR, GARAGE
$1,035,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$685,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$94 / 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
$860,000
Assessed 2023
Previous assessed
$860,000
+0.0% YoY
Assessed land
$32,600
Assessed improvement
$827,400
Land market value
$46,026
Improvement market value
$1,168,149
Total market value
$1,214,175
Applied tax rate
10,100.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
4
Total area
9,520 SF
Lot
0.07 ac (3,071 SF)
Zoning code
C3
APN
010100 76.34-3-26
UPID
US63-5889786
Jurisdiction
ALBANY
Zoning & alternative use
C3 · Albany, NY
Zoning C3 · permitted uses
C3 · Albany, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Albany. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$745,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$685,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1920
Heating
NONE
Cooling
Yes
Stories
4
Buildings
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Rng 111 Pine St LLC
Entity
Mailing address
3 OXFORD CT, MORGANVILLE, NJ 07751-1626
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2026
—
J&j 111 Pine Street LLC
—
Deed
related
$460,000 · Hudson Valley FCU
Nov 25, 2008
$515,500
Rng 111 Pine St LLC
518 Broadway LLC
Grant Deed
—
Aug 17, 2007
$562,500
518 Broadway LLC
New York State Assn Of Cntys INC
Grant Deed
—
—
—
518 Broadway LLC
—
Deed Of Trust
related
$250,000 · Agility Funding LLC
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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