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Property profile & analytics
OFF-MARKET
Estimated value
$4,575,000
Strip malls
79 Wolf Rd, Albany, NY 12205-2613
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-1797244
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1975
Total area
21,872 SF
Lot
2.33 ac (101,495 SF)
Zoning code
16
APN
012689 42.1-3-9
UPID
US63-1797244
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
-
Trader Joe's Grocery & Convenience Store Food Market
-
Coleman Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.08M
CAP Approach
CAP
$4.66M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.58M
Owner & transaction history
Traders Joes East INC · 3 yrs held
Traders Joes East INC
since 2023
Last sale
$5.0M
6 recorded transactions
Zoning & alternative use
16 · 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
$4,045,000
ML approach
$4,080,000
CAP Approach
CAP Return
Estimation
6%
$5,050,000
6.5%
$4,660,000
7%
$4,330,000
Blend value · Realmo final
$4.58M
Range $4.12M – $5.03M · ±10% · vs last sale $5.04M (Mar 2 2023)
Last sale anchor
$5.04M
Mar 2 2023
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
$209 / 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
$1,800,000
Assessed 2023
Previous assessed
$1,800,000
+0.0% YoY
Assessed land
$800,000
Assessed improvement
$1,000,000
Land market value
$1,568,622
Improvement market value
$1,960,778
Total market value
$3,529,400
Applied tax rate
12,601.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1975
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
21,872 SF
Lot
2.33 ac (101,495 SF)
Zoning code
16
APN
012689 42.1-3-9
UPID
US63-1797244
Jurisdiction
ALBANY
Zoning & alternative use
16 · Albany, NY
Zoning 16 · permitted uses
16 · 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
1975
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
2.33 ac
Current owner
From public records · entity-resolved
Traders Joes East INC
Entity
Free & Clear · 3 yrs held
Mailing address
800 S SHAMROCK AVE, MONROVIA, CA 91016-6346
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2023
$5,039,500
Traders Joes East INC
570 Delaware I LLC
Deed
—
Mar 2, 2023
—
Trader Joes East INC
570 Delaware I LLC
Lease
—
Jan 15, 2021
$4,825,000
570 Delaware I LLC
T & R Family LP
Grant Deed
—
Jan 15, 2015
—
T & R Family LP
T & R Family LP
Quit Claim Deed
related
—
—
—
T & R Family LP
—
Loan Modification
related
$2,325,340 · Berkshire Bk
—
—
T & R Family LP
—
Deed Of Trust
related
$2,072,061 · Berkshire Bank
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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