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Property profile & analytics
OFF-MARKET
Estimated value
$1,795,000
Warehouses
991 Broadway Menands, NY 12204-2540
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-1760624
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1900
Total area
119,107 SF
Lot
1.04 ac (45,150 SF)
Zoning code
M1
APN
010100 65.16-4-6
UPID
US63-1760624
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
-
The RCA Building Business Service Center Corporate Office
-
World's Largest Nipper Statue Museum
-
Arnoff Building Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.80M
Owner & transaction history
Nipper Apartments LLC · 2 yrs held
Nipper Apartments LLC
since 2024
7 recorded transactions
Zoning & alternative use
M1 · Menands, 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 Menands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Menands 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
$1.80M
Range $1.62M – $1.97M · ±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
$15 / 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
$1,825,000
Assessed 2023
Previous assessed
$1,825,000
+0.0% YoY
Assessed land
$110,600
Assessed improvement
$1,714,400
Land market value
$156,149
Improvement market value
$2,420,443
Total market value
$2,576,592
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
4
Total area
119,107 SF
Lot
1.04 ac (45,150 SF)
Zoning code
M1
APN
010100 65.16-4-6
UPID
US63-1760624
Jurisdiction
ALBANY
Zoning & alternative use
M1 · Menands, NY
Zoning M1 · permitted uses
M1 · Menands, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Menands. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
4
Buildings
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Nipper Apartments LLC
Entity
Mailing address
2600 N ASHTON BLVD STE 200B, LEHI, UT 84043-7270
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2024
—
Nipper Apartments LLC
City Of Albany Industrial Dev Agcy
Lease
—
Jun 7, 2018
—
Nipper Apartments LLC
—
Trustees Deed
related
$350,000 · Hb On Broadway LLC
Mar 21, 2018
—
Nipper Apartments LLC
—
Grant Deed
related
$13,910,000 · City Of Albany Ind'l Dev Agcy
Jun 19, 2017
—
960 Broadway LLC
—
Deed
related
$350,000 · John A Discipio
Sep 6, 2016
$2,309,208
Nipper Apartments LLC
M & L Properties LLC
Grant Deed
$3,500,000 · Private Individual
—
—
M & L Properties LLC
—
Deed Of Trust
related
$117,053 · Key Bank & Trust
—
—
960 Broadway LLC
—
Deed Of Trust
related
$350,000 · John A Discipio
—
—
M & L Properties LLC
—
Deed Of Trust
related
$117,053 · Key Bank & 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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