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Property profile & analytics
OFF-MARKET
Retail space
550 3rd Ave Ext, Rensselaer, NY 12144-5615
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-2697919
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Total area
4,442 SF
Lot
1.6 ac (69,696 SF)
Zoning code
OC
APN
382400 144.-4-49
UPID
US63-2697919
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
-
Liza Howley - State Farm Insurance Agent Insurance Agency
-
AnaVia Massge & Wellness Alternative Medicine Practice Spa & Massage Center
-
Laser at Kylie & Co Salon Skin Care Clinic
-
Shannon Christine Skin Care Spa & Massage Center Skin Care Clinic
-
Signature Skincare by Mary Spa & Massage Center Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Patroon Place LLC · 5 yrs held
Patroon Place LLC
since 2021
5 recorded transactions
Zoning & alternative use
OC · Rensselaer, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$503,000
Assessed 2023
Previous assessed
$503,000
+0.0% YoY
Assessed land
$190,000
Assessed improvement
$313,000
Land market value
$236,377
Improvement market value
$389,401
Total market value
$625,778
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
4,442 SF
Lot
1.6 ac (69,696 SF)
Zoning code
OC
APN
382400 144.-4-49
UPID
US63-2697919
Jurisdiction
RENSSELAER
Zoning & alternative use
OC · Rensselaer, NY
Zoning OC · permitted uses
OC · Rensselaer, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rensselaer. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
1.6 ac
Current owner
From public records · entity-resolved
Patroon Place LLC
Entity
Mailing address
11 CRIMSON CIR, TROY, NY 12180-2503
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2021
—
Patroon Place LLC
Michael Moscatiello
Deed
$400,000 · Capital Communications FCU
Mar 25, 2016
$160,000
Michael Moscatiello
Krey,michael
Grant Deed
—
Mar 25, 2016
$220,000
Michael Krey
3rd Avenue Extension LLC
Grant Deed
—
Dec 15, 2014
$220,000
Michael Krey
3rd Ave Extension
Grant Deed
—
Jun 9, 2011
$410,000
3rd Ave Ext Props
Krey,michael
Grant Deed
—
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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