Industrial Property with Commercial
For Sale
Contact for pricing
1110-1124 Central Ave, Albany, NY 12205
Two-address industrial property with a commercial building and Central Avenue frontage.
Property Size3,400 SF
Lot Size0.75 Acres
Price / SF$184.13
Days on Market54
Property Features for 1110-1124 Central Ave
General Information
Standard status
Active
Size
3,400 SF
Lot size
0.75 Acres
Property subtype
INDUSTRIAL
Additional Details
Road Access
Yes
Building Details
Buildings
1
Building Size
3,400 SF
Listing Agency:
Cushman & Wakefield | Pyramid Brokerage - Albany
(518) 489-9199
Listed By:
Adam Field · License #NY 10401332278
(518) 669-9930
Source:
Moodyscre
Added: Sep 14
Changed: Nov 2
Last Checked: Nov 4 at 1:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Pyramid Brokerage - Albany
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial property combines the sites at 1110 and 1124 Central Ave in Albany, NY. The offering includes a commercial building situated on a combined 0.75-acre site, providing a defined physical base for industrial or commercial operations.
The property presents 147 feet of frontage along Central Avenue, with access to an established commercial corridor. Its two-address configuration and existing building distinguish the offering from a vacant land parcel.
The property presents 147 feet of frontage along Central Avenue, with access to an established commercial corridor. Its two-address configuration and existing building distinguish the offering from a vacant land parcel.
Key Highlights
- Combined 0.75‑acre site at 1110 and 1124 Central Ave
- 147 feet of frontage on Central Avenue
- Existing commercial building included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,103
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$722,060
$722.1K
Cap Rate 7%
$515,757
$515.8K
Cap Rate 9%
$401,144
$401.1K
Market Conditions
NOI Build-Up for 3,416 SF
Gross rent
$55.3K $16.20/SF
− Vacancy
−$3.8K −$1.10/SF
EGI
$51.6K $15.10/SF
− OpEx
−$15.5K −$4.53/SF
NOI
$36.1K $10.57/SF
Area
Albany, NY
Vacancy
6.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$722,060
Cap Rate 7%
$515,757
Cap Rate 9%
$401,144
Alternative Uses
Best Use
Industrial
$515.8K
$451.3K – $601.7K
NOI $36,103 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$901.2K
$788.6K – $1.05M
NOI $63,087 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,040
Businesses Nearby
Explore this area
Business Placement
Demographics for 12205, NY
27,168
Population
12,061
Households
2.3
Avg Household Size
45
Median Age
36%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
1,764
Density / Sq Mi
$89,270
Median Household Income
$54,184
Median Earnings
$1,405
Median Rent
$264,200
Median Home Value
Market
Average Price Trend$/SF for Industrial properties in Albany, NY
Properties on Market for Industrial properties in Albany
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Industrial property - Two-address industrial property with a commercial building and Central Avenue frontage.
Where is this industrial property located?
The property is located at 1110-1124 Central Ave Albany, NY.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Combined 0.75‑acre site at 1110 and 1124 Central Ave; 147 feet of frontage on Central Avenue; Existing commercial building included
