Property profile

879 Madison Ave Albany, NY 12208

OFF-MARKET
Office buildings
Property ID
US63-0620132
14,072 SF 0.59 ac lot Built 1970
Individually Owned 15-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1970
Total area 14,072 SF
Lot 0.59 ac (25,492 SF)
Zoning code C1
APN 010100 64.68-1-41
UPID US63-0620132

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Security Service
  • Food Bank Charitable Organization

Location

879 Madison Ave Albany, NY 12208-3321
Albany metro Census 1600 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.28M
Blend (final) Blend
$1.26M

Owner & transaction history

since 2011
1 recorded transaction
2011
$900,000

Zoning & alternative use

C1 · Albany, NY
Top alternative use upside
Auto repair, garage $1.5M +51.5%
Commercial (general) $1.1M +9.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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