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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Office buildings
875 Central Ave, Albany, NY 12206-1309
Entity Owned
1-yr Hold
Free & Clear
Property ID
US63-1053201
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1966
Total area
50,400 SF
Lot
4.4 ac (191,664 SF)
Zoning code
C2
APN
010100 53.76-1-4
UPID
US63-1053201
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
-
West Mall Office Plaza Department Store Shopping Center & Mall
-
Building 8 Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.05M
Owner & transaction history
Rss Wfrbs2013 C16 Ny Wmo LLC · 1 yrs held
Rss Wfrbs2013 C16 Ny Wmo LLC
since 2024
7 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
by Request
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±10%
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
$21 / 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
$1,529,800
Assessed 2023
Previous assessed
$1,529,800
+0.0% YoY
Assessed land
$1,246,700
Assessed improvement
$283,100
Land market value
$1,760,130
Improvement market value
$399,689
Total market value
$2,159,819
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1966
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
50,400 SF
Lot
4.4 ac (191,664 SF)
Zoning code
C2
APN
010100 53.76-1-4
UPID
US63-1053201
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
1966
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
4.4 ac
Current owner
From public records · entity-resolved
Rss Wfrbs2013 C16 Ny Wmo LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2158 82ND ST, BROOKLYN, NY 11214-2510
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2024
$6,000,000
Rss Wfrbs2013 C16 Ny Wmo LLC
West Mall Office Park LLC
Referee's Deed - Used To Transfer Property Pursuant To A Foreclosure Sale In New York Counties
related
—
Sep 11, 2013
—
West Mall Office Park LLC
875 Central LLC
Bargain And Sale Deed
—
Mar 31, 2010
—
Ctrl Ave 875
West Mall Office Ctr L
Grant Deed
—
—
—
West Mall Office Center LLC
—
Deed Of Trust
related
$500,000 · Sally Rabine
—
—
West Mall Office Center LLC
—
Deed Of Trust
related
$333,385 · West Mall Funding Associates
—
—
West Mall Office Center LLC
—
Deed Of Trust
related
$4,500,000 · West Mall Funding Associates
—
—
875 Central LLC
—
Deed Of Trust
related
$4,125,000 · Manufacturers Traders & Trust
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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