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Property profile & analytics
OFF-MARKET
Estimated value
$17,290,000
Grocery and convenience stores
709 Central Ave Albany, NY 12206-1604
Entity Owned
6-yr Hold
Free & Clear
Property ID
US63-4233673
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2011
Total area
65,488 SF
Lot
5.48 ac (238,709 SF)
Zoning code
C2
APN
010100 64.28-2-3.1
UPID
US63-4233673
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
-
ShopRite Pharmacy Pharmacy
-
TNT Fireworks Discount Store Party Supply Store
-
ShopRite Bottle Return Recycling Center
-
higi Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.18M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.29M
Owner & transaction history
Uh Us Albany 2019 LLC · 6 yrs held
Uh Us Albany 2019 LLC
since 2020
Last sale
$22.9M
3 recorded transactions
Zoning & alternative use
C2 · Albany, 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 Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany 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
Method
Estimation
Statistic approach
$20,030,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,190,000
6.5%
$12,175,000
7%
$11,305,000
Blend value · Realmo final
$17.29M
Range $15.56M – $19.02M · ±10% · vs last sale $22.85M (Mar 25 2020)
Last sale anchor
$22.85M
Mar 25 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$264 / SF
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
$8,505,000
Assessed 2023
Previous assessed
$8,505,000
+0.0% YoY
Assessed land
$1,496,000
Assessed improvement
$7,009,000
Land market value
$2,112,099
Improvement market value
$9,895,525
Total market value
$12,007,624
Applied tax rate
10,100.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2011
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
65,488 SF
Lot
5.48 ac (238,709 SF)
Zoning code
C2
APN
010100 64.28-2-3.1
UPID
US63-4233673
Jurisdiction
ALBANY
Zoning & alternative use
C2 · Albany, NY
Zoning C2 · permitted uses
C2 · Albany, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Albany. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2011
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
5.48 ac
Current owner
From public records · entity-resolved
Uh Us Albany 2019 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
22 MAPLE AVE, MORRISTOWN, NJ 07960-5452
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2020
$91,400
Uh Us Albany 2019 LLC
709 Central Avenue LLC
Grant Deed
—
Jun 11, 2013
$16,733,000
709 Central Avenue LLC
Srs Albany LLC
Grant Deed
$11,800,000 · Jackson National Life Ins Co
Jul 9, 2012
$4,000,000
709 Central Avenue LLC
Srs Albany LLC
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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