Technical
Financial
Distress signals
Property profile

54 James St Albany, NY 12207

FOR SALE
Showrooms
Property ID
US63-5960815
1,008 SF 0.01 ac lot Built 1910
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

A downtown ground-level storefront containing approximately 500± square feet of versatile commercial space, suited to a range of permitted uses. The unit includes a built-in commercial kitchen hood, grease trap, and a private restroom, offering existing infrastructure that supports food-service uses while remaining adaptable for non-restaurant operations. The storefront is positioned directly across from Tricentennial Park, providing direct street-facing presence and pedestrian activity nearby. The space is configured under a modified gross arrangement in which the landlord covers property taxes, building insurance, water/sewer, trash, and exterior maintenance, while the tenant is responsible for utilities and interior business-related expenses such as electric, gas, and internet. Prior business equipment, furniture, inventory, and personal property would be removed before any new occupancy.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1910
Total area 1,008 SF
Lot 0.01 ac (504 SF)
Zoning code C3
APN 010100 76.34-3-7
UPID US63-5960815

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Advertising Agency Marketing & Advertising
  • Restaurant

Location

54 James St Albany, NY 12207
Albany metro Census 1100 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$200k

Owner & transaction history

since 2013
3 recorded transactions
2013
$165,000
2008
$200,000
1969
Price N/A

Zoning & alternative use

C3 · Albany, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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