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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7 Rensselaer Ave Latham, NY 12110-2702

    • Motels
    • 34,765 SF
    • 2.87 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0030118
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Microtel Inn by Wyndham Albany Airport / Hotel / Inn
    • RDM / Hotel

    Property Details for 7 Rensselaer Ave

    Year built
    1994
    Lot size
    2.87 lot acres
    Property size
    34,765 SF
    Zone code
    12
    Property type
    Motels
    APN
    012689 19.13-1-27.2
    APU
    1268919131272

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Latham
    County
    Albany
    State
    New York
    Longitude
    -73.7713
    Latitude
    42.7529
    CBSA code
    10580
    CBSA name
    ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $387,500
    $1,238,835
    $1,626,335
    -
    $759,806
    $2,429,094
    $3,188,900

    Comparable in this City

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      17,470 SF

      681 Troy Schenectady Rd

      MOTEL • 17,470 SF
      681 Troy Schenectady Rd, Latham, NY 12110-2501
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    • Value Estimation by Request
      22,588 SF

      622 Watervliet Shaker Rd

      MOTEL • 22,588 SF
      622 Watervliet Shaker Rd, Latham, NY 12110-3619
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    • Value Estimation
      $760,000
      12,464 SF

      706 New Loudon Rd

      MOTEL • 12,464 SF
      706 New Loudon Rd, Latham, NY 12110-4016
      View Details
    • Value Estimation by Request
      16,645 SF

      979 Troy Schenectady Rd

      MOTEL • 16,645 SF
      979 Troy Schenectady Rd, Latham, NY 12110-1180
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    • Value Estimation
      $2,785,000
      52,812 SF

      20 Airport Park Blvd

      MOTEL • 52,812 SF
      20 Airport Park Blvd, Latham, NY 12110-1448
      View Details
    • Value Estimation by Request
      15,822 SF

      947 New Loudon Rd

      MOTEL • 15,822 SF
      947 New Loudon Rd, Latham, NY 12110-2119
      View Details

    Similar Nearby for Sale

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      Carvana Leased Investment Opportunity

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      Residential Land in Latham Area

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      Turn-Key Commercial Building For Sale

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    • Contact for pricing

      Latham Land For Sale

      Land with cross access and signage rights in Latham.
      800 Loudon Rd, Latham, NY 12110
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    • $1,200,000
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      Industrial Buildings For Sale

      Two industrial buildings available for purchase.
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    Similar Nearby for Lease

    • $18 SF/Yr
      30,517 SF

      First Floor Office Space Available

      First floor office space with expansion potential and high visibility.
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    • $18 SF/Yr
      84,974 SF

      Class A Office Space Available

      First-floor Class A office space with on-site amenities for lease.
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    • $18,079,106
      1,250 SF

      Latham Office Space Available

      Office space available for rent in Latham, New York.
      952 Troy Schenectady Rd, Latham, NY 12110
      View Details
    • $75,000
      2,500 SF

      Retail Space in Latham Corridor

      New construction retail space with drive-thru in Latham, NY.
      638 New Loudon Rd, Latham, NY 12110
      View Details
    • $17 SF/Yr

      Latham Land Pad Site

      4-acre pad site suitable for office or flex space.
      968 Albany Shaker Rd, Latham, NY 12110
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    • $12 SF/Yr
      39,826 SF

      Class A Office Space

      Class A office space for lease in Airport Park.
      9 Cornell Rd, Latham, NY 12110
      View Details

    Property Visit Statistics

    • Visits by month
      1.9k
    • Visitors by month
      828
    • Avg Time on site
      529 min
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    7 Rensselaer Ave
    Latham, NY 12110-2702
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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