Retail Storefront
15 Watervliet Ave Albany, NY 12206
For Sale
Contact for pricing
For-sale retail storefront offering a compact footprint for small businesses or service retailers.
Property Size1,200 SF
Price / SF$415.83
Days on Market53
Property Features for 15 Watervliet Ave
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Retail
Listing Agency:
RedMark Realty
Listed By:
Doug Morabito · License #NY
Source:
Crexi
Added: Jun 1
Changed: Jul 10
Last Checked: Jul 22 at 10:06AM
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 RedMark Realty
Investment Insights
Based on property information with market context.
This for-sale retail storefront is listed as a 1,200-square-foot space configured for retail use. It is presented as a straightforward option for an operator seeking a dedicated storefront environment.
The property is located at 15 Watervliet Ave in Albany, NY 12206. The offering is identified as retail space within the broader storefront and retail property category.
Suitable uses for this kind of space typically include small-format retail or service-oriented businesses that benefit from a defined customer-facing storefront layout. As presented, the opportunity centers on acquiring a retail property with an established, compact size that can support a range of everyday commercial uses.
The property is located at 15 Watervliet Ave in Albany, NY 12206. The offering is identified as retail space within the broader storefront and retail property category.
Suitable uses for this kind of space typically include small-format retail or service-oriented businesses that benefit from a defined customer-facing storefront layout. As presented, the opportunity centers on acquiring a retail property with an established, compact size that can support a range of everyday commercial uses.
Key Highlights
- For‑sale retail storefront totaling 1,200 SF
- Compact retail footprint suited for small businesses or service retailers
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.3k | $18.60 |
| − Vacancy | −$1.6k | −$1.34 |
| EGI | $20.7k | $17.26 |
| − OpEx | −$6.2k | −$5.18 |
| NOI | $14.5k | $12.08 |
1,200 SF · lease $18.60/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$207.1K
$181.2K – $241.7K
NOI $14,499 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$316.6K
$277.0K – $369.4K
NOI $22,162 @ 7.0% cap · market cap 4.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
P & D Farm
Food Processing Plant
Similar Off Market Nearby
- Danker Florist — 658 Central Ave, Albany, NY 12206
- Price Chopper Floral — 911 Central Ave, Albany, NY 12206
- Delmar Florist Inc — 658 Central Ave, Albany, NY 12206, United States
FAQs
What type of property is this?
Storefront property - For-sale retail storefront offering a compact footprint for small businesses or service retailers.
Where is this storefront property located?
The property is located at 15 Watervliet Ave Albany, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: For‑sale retail storefront totaling 1,200 SF; Compact retail footprint suited for small businesses or service retailers
