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Property profile & analytics
OFF-MARKET
Estimated value
$4,705,000
Office buildings
900 Watervliet Shaker Rd, Colonie, NY 12205-1002
Entity Owned
21-yr Hold
Free & Clear
Property ID
US63-3499829
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
144,030 SF
Lot
19.7 ac (858,132 SF)
Zoning code
19
APN
012689 30.-2-11.1
UPID
US63-3499829
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
-
Program Risk Management Inc Insurance Agency
-
Capital Region BOCES High School Vocational School
-
Northeastern Regional Information Center (NERIC) Corporate Office
-
Ellen Alexeew Foster Care Service Social Service Agency
-
Denise Snyder Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.41M
Blend (final)
Blend
$4.71M
Owner & transaction history
Investment Properties Chaffee · 21 yrs held
Investment Properties Chaffee
since 2005
6 recorded transactions
Zoning & alternative use
19 · Colonie, 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 Colonie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colonie 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.71M
Range $4.23M – $5.18M · ±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
$33 / 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
$8,300,000
Assessed 2023
Previous assessed
$8,300,000
+0.0% YoY
Assessed land
$1,674,500
Assessed improvement
$6,625,500
Land market value
$3,283,331
Improvement market value
$12,991,169
Total market value
$16,274,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2001
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
144,030 SF
Lot
19.7 ac (858,132 SF)
Zoning code
19
APN
012689 30.-2-11.1
UPID
US63-3499829
Jurisdiction
ALBANY
Zoning & alternative use
19 · Colonie, NY
Zoning 19 · permitted uses
19 · Colonie, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colonie. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
19.7 ac
Current owner
From public records · entity-resolved
Investment Properties Chaffee
Entity
Free & Clear · 21 yrs held
Mailing address
15375 BLUE FISH CIR, LAKEWOOD RANCH, FL 34202-5809
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
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 22, 2021
—
Chaffee Investment Properties LP
—
Deed
related
$710,630 · Business Loan Capital INC
Sep 12, 2019
—
Chaffee Invs Prop LP
—
Loan Modification
related
$11,600,000 · Aff M Albany LLC
Jun 10, 2005
$19,825,000
Investment Properties Chaffee
South Family LLC
Warranty Deed
—
Mar 24, 2005
$19,825,000
Investment Properties Chaffee
South Family LLC
Warranty Deed
—
—
—
LP Landfair
—
Deed Of Trust
related
$181,009 · Cathay Bank
—
—
LP Landfair
—
Deed Of Trust
related
$2,008,640 · Cathay 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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