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Property profile & analytics
OFF-MARKET
Commercial real estate
624 3rd Ave, Watervliet, NY 12189-3731
Individually Owned
4-yr Hold
Free & Clear
Property ID
US63-4095069
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1900
Total area
1,574 SF
Lot
0.03 ac (1,240 SF)
Zoning code
MU1
APN
011800 44.42-3-8
UPID
US63-4095069
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
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
Elizabeth Fero · 4 yrs held
Elizabeth Fero
since 2021
5 recorded transactions
Zoning & alternative use
MU1 · Watervliet, 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 Watervliet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Watervliet 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
$5,000
Assessed 2023
Previous assessed
$5,000
+0.0% YoY
Assessed land
$5,000
Land market value
$7,194
Total market value
$7,194
Applied tax rate
11,800.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1900
Heating
NONE
Stories
2
Total area
1,574 SF
Lot
0.03 ac (1,240 SF)
Zoning code
MU1
APN
011800 44.42-3-8
UPID
US63-4095069
Jurisdiction
ALBANY
Zoning & alternative use
MU1 · Watervliet, NY
Zoning MU1 · permitted uses
MU1 · Watervliet, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Watervliet. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
2
Lot
0.03 ac
Current owner
From public records · entity-resolved
Elizabeth Fero
Individual
Free & Clear · 4 yrs held
Mailing address
20 14TH ST, WATERVLIET, NY 12189-2821
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
Aug 23, 2021
$1,000
Elizabeth Fero
Albany County Land Bank Corporation
Quit Claim Deed
related
—
Jul 31, 2018
—
Albany Cntye Land Bk Corp
Valenti Management LLC
Deed In Lieu Of Foreclosure
—
Nov 29, 2016
$5,000
Valenti Management LLC
Albany County Land Bank Corp
Quit Claim Deed
—
Feb 9, 2016
—
County Of Albany New York
Commissioner Of Albany County
Quit Claim Deed
related
—
May 10, 2006
$27,000
Cross Family Evangelistic Mini
Dickinson,william
Warranty 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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