Industrial Property with Commercial
New
For Sale
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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 Market6
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: Sep 16
Last Checked: Sep 19 at 12:50PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,103
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
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
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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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
