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    1156-1158 Western Ave Albany, NY 12203

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    For Sale
    $1,600,000

    Two-story office building near SUNY campus with parking.

    Property size:
    3,840 SF
    Lot size:
    0.16 Acres

    Property Features for 1156-1158 Western Ave

    General Information

    Size
    3,840 SF
    Lot size
    0.16 Acres

    Source: Hanna Commercial Real Estate | Capital Region, NY Agent Jessica L. Richer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two-Story Office Building Near SUNY

    This is a 6,290 square foot, two-story commercial office building with parking for approximately 25 vehicles. The property is located in front of a traffic light with a lighted crosswalk. An exit through the property onto Taft Avenue enables drive-through capacity. The building is strategically located near the SUNY campus and University Plaza, which includes Uncommon Grounds and other retail shopping.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.8218948
    Latitude
    42.6758228

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    FAQs

    What type of property is this?
    Office building - Two-story office building near SUNY campus with parking.
    Where is this office building located?
    The property is located at 1156-1158 Western Ave Albany, NY.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - 6290 SF 2 story commercial office building; - Parking for approximately 25 vehicles; - Located at traffic light with lighted crosswalk
    (518) 458-7000
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    1156-1158 Western Ave Albany, NY 12203
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    Albany, NY 12203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1156-1158 Western Ave Albany, NY 12203
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