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Property profile & analytics
OFF-MARKET
Sports & entertainment properties
969 Watervliet Shaker Rd, Albany, NY 12205-2133
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-3198298
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
2018
Total area
10,807 SF
Lot
28.6 ac (1,245,816 SF)
Zoning code
14
APN
012689 30.-2-2.21
UPID
US63-3198298
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
-
Alleycats Soccer Club Gym & Fitness Center Sports Field & Court
-
Albany Rush Soccer Gym & Fitness Center Sports Field & Court
-
Tavern on the Turf Restaurant
-
Afrim's Sports Park - Tavern on the Turf Gym & Fitness Center Sports Field & Court
-
Afrim's Sports Park Gym & Fitness Center Sports Field & Court
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
Afrim Realty Co LLC · 8 yrs held
Afrim Realty Co LLC
since 2017
7 recorded transactions
Zoning & alternative use
14 · 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
$3,200,000
Assessed 2023
Previous assessed
$3,200,000
+0.0% YoY
Assessed land
$1,336,400
Assessed improvement
$1,863,600
Land market value
$2,620,388
Improvement market value
$3,654,112
Total market value
$6,274,500
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
2018
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
10,807 SF
Lot
28.6 ac (1,245,816 SF)
Zoning code
14
APN
012689 30.-2-2.21
UPID
US63-3198298
Jurisdiction
ALBANY
Zoning & alternative use
14 · Albany, NY
Zoning 14 · permitted uses
14 · 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
2018
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
28.6 ac
Current owner
From public records · entity-resolved
Afrim Realty Co LLC
Entity
Mailing address
969 WATERVLIET SHAKER RD, ALBANY, NY 12205-2133
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2019
—
Afrim Realty Co LLC
—
Grant Deed
related
$5,750,000 · M&t Bk
Dec 11, 2018
—
Afrim Realty Co LLC
—
Deed
related
$438,000 · M&t Bk
Mar 22, 2018
—
Afrim Realty Co LLC
—
Deed
related
$5,750,000 · M&t Bk
Jul 24, 2017
$1,150,000
Afrim Realty Co LLC
Coleman,susan
Warranty Deed
$1,200,000 · M&t Bk
—
—
Afrim Realty Co LLC
—
Deed Of Trust
related
$4,135,000 · Empire St Certified Dev
—
—
Afrim Realty Co LLC
—
Deed Of Trust
related
$438,000 · M&t Bk
—
—
Afrim Realty Co LLC
—
Deed Of Trust
related
$1,000,000 · Al Tech Trust Fund
—
—
Afrim Realty Co LLC
—
Loan Modification
related
$5,750,000 · M&t Bk
—
—
Afrim Realty Co LLC
—
Deed Of Trust
related
$1,000,000 · Academy Nat'l Bk NA
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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