Realmo Analytics

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Property profile

538 New Scotland Ave Albany, NY 12208

FOR SALE
Other investment properties
Property ID
US63-3501282
1,720 SF 0.2 ac lot Built 1947
Last sale Dec 1998 · $105,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A mixed-use building in Albany, New York, located on the corner of New Scotland and S. Main. The property sits on a 0.26-acre lot and contains approximately 1,720 square feet. The existing layout is side-by-side, with office space on one side and a two-bedroom, one-bath apartment on the other. The building includes a full basement and is served by separate utilities. The site is within walking distance of hospitals, schools, restaurants, and shopping.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$150k
Assessed land$21k
Assessed improvement$129k

Value estimate

· Oct 2026
$200k
$180k – $220k
AI approach$200k
NOI build-up
Gross scheduled income$36k
Vacancy & credit loss−$4k
Operating expenses−$12k
NOI · 7.24% cap applied$20k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$78/SF
Submarket average, outlier-cleaned · 112 recorded sales of this use type
Observed band · Q1–Q3$41 – $110
Qualifying comparables6

Cap rate analysis

How does the asset earn?
7.24%
$20k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R1B
JurisdictionALBANY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency27.2
Law Firm27.1
Spa & Massage18.6

Location

538 New Scotland Ave Albany, NY 12208
County assessor Recorded deeds · 1 transfer 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
265 New Scotland, Albany, NY 12208-3123 $350,000 Feb 2025 1,525 SF
850 Madison, Albany, NY 12208-3712 $330,000 Aug 2024 2,160 SF
372 New Scotland, Albany, NY 12208-3008 $366,000 Feb 2024 1,428 SF
26 Maple, Albany, NY 12208-2803 $212,500 Dec 2021 2,449 SF
456 Madison, Albany, NY 12208-3601 $220,000 Dec 2020 1,760 SF
312 Hackett, Albany, NY 12208-1961 $255,000 Sep 2019 1,779 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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