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Property profile & analytics
OFF-MARKET
Showrooms
761 Madison Ave Albany, NY 12208-3362
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US63-3079192
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1890
Total area
6,380 SF
Lot
0.33 ac (14,310 SF)
Zoning code
R2B
APN
010100 65.69-1-67
UPID
US63-3079192
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
-
Dahlstedt Akte Counselor
-
Cam For Brows Medical Clinic Skin Care Clinic
-
Cold River Body Arts Tattoo & Piercing Shop
-
Caribe Taxes Accounting Firm Tax Preparation
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
761 Madison Avenue Props LLC · 9 yrs held
761 Madison Avenue Props LLC
since 2016
4 recorded transactions
Zoning & alternative use
R2B · 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
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
$312,800
Assessed 2023
Previous assessed
$312,800
+0.0% YoY
Assessed land
$42,500
Assessed improvement
$270,300
Land market value
$60,003
Improvement market value
$381,618
Total market value
$441,621
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
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1890
Heating
NONE
Buildings
1
Stories
2
Total area
6,380 SF
Lot
0.33 ac (14,310 SF)
Zoning code
R2B
APN
010100 65.69-1-67
UPID
US63-3079192
Jurisdiction
ALBANY
Zoning & alternative use
R2B · Albany, NY
Zoning R2B · permitted uses
R2B · 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
1890
Heating
NONE
Stories
2
Buildings
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
761 Madison Avenue Props LLC
Entity
Mailing address
5 GABBY CT, SCHENECTADY, NY 12309-1841
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2016
$450,000
761 Madison Avenue Props LLC
Rsw Properties LLC
Warranty Deed
$300,000 · Capital Communications Cu
Dec 30, 2016
$35,000
Equity Finl
Referee Of Albany County|scott,roosevelt & Delores
Trustees Deed
related
—
—
—
Rsw Properties LLC
—
Deed Of Trust
related
$289,281 · National Union Bank Kinderhook
—
—
Rsw Properties LLC
—
Deed Of Trust
related
$552,800 · National Union Bank Kinderhook
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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