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    1066 Madison Ave Albany, NY 12208

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    For Lease
    $34 SF/Yr ($5,100 /Mo)

    Retail space available next to high-volume Dunkin' Donuts.

    Property size:
    1,800 SF
    Lot size:
    0.27 Acres

    Property Features for 1066 Madison Ave

    General Information

    Size
    1,800 SF
    Lot size
    0.27 Acres

    Source: 23 North Commercial Real Estate Services Agent Denise Riccardi-Bagramian

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

    Overview

    Prime Retail Space Available

    This retail space, totaling 1,800 square feet, is located at a major intersection with a traffic light, providing easy access. The building accommodates only two tenants. A 19-car parking lot is situated behind the building. The property is suitable for a qualified tenant capable of operating alongside a high-volume Dunkin' Donuts, which has recently renewed its lease for 20 years and is investing $500,000 in upgrades to their facility. The landlord is seeking a tenant for a 10-year NNN lease.
    Insight Report Location Intelligence

    Current Use by Public Records

    Dunkin' Coffee Shop Xing Long Chinese Restaurant

    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
    -73.7905145
    Latitude
    42.6652543

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    FAQs

    What type of property is this?
    Retail space - Retail space available next to high-volume Dunkin' Donuts.
    Where is this retail space located?
    The property is located at 1066 Madison Ave Albany, NY.
    What is the lease rate?
    The lease rate is $34 SF/Yr.
    What are key features of this property?
    This property features: - Prime location at a major intersection with a traffic light, ensuring high visibility and accessibility.; - Long-term, stable co-tenant (Dunkin' Donuts) with a 20-year lease renewal and a $500k upgrade investment.; - Limited number of tenants in the building (only two), offering exclusivity.
    (877) 206-7730
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    Albany, NY 12208
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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
    1066 Madison Ave Albany, NY 12208
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