Freestanding Bank Building with
For Sale
Contact for pricing
Pending
1791 Western Avenue, Guilderland, NY 12203
A passing lane alongside the drive-through adds another vehicle-access feature to this standalone commercial property.
Property Size2,440 SF
Days on Market1137
Property Features for 1791 Western Avenue
General Information
Standard status
Pending
Size
2,440 SF
Property subtype
Retail
Site & Location
Drive-Thru
Yes
Traffic Count
16,000 vehicles/day
Building Details
Year Built
1968
Buildings
1
Listing Agency:
Coldwell Banker Commercial Prime Properties
(518) 785-9000
Listed By:
Christopher H Schmid · License #10401351162
(518) 506-4348
Source:
Simplywoodardrealestate
Added: Sep 27, 2023
Changed: Nov 5
Last Checked: Nov 5 at 9:26AM
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 Coldwell Banker Commercial Prime Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding bank property contains 2,440 square feet and was built in 1968. A drive-through and an adjoining passing lane are attached to the building, providing two distinct vehicle-oriented features. The property is located at 1791 Western Avenue in Guilderland, New York.
Western Avenue carries more than 16,000 vehicles per day, according to the stated traffic count. The combination of drive-through service and a passing lane forms the property's defining physical configuration.
Western Avenue carries more than 16,000 vehicles per day, according to the stated traffic count. The combination of drive-through service and a passing lane forms the property's defining physical configuration.
Key Highlights
- 2,440‑square‑foot freestanding bank property
- Built in 1968
- Drive‑through with an adjoining passing lane
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,453
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,060
$589.1K
Cap Rate 7%
$420,757
$420.8K
Cap Rate 9%
$327,256
$327.3K
Market Conditions
NOI Build-Up for 2,440 SF
Gross rent
$43.9K $18.00/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$42.1K $17.24/SF
− OpEx
−$12.6K −$5.17/SF
NOI
$29.5K $12.07/SF
Area
Albany County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,060
Cap Rate 7%
$420,757
Cap Rate 9%
$327,256
Alternative Uses
Best Use
Specialty Retail
$450.8K
$394.5K – $526.0K
NOI $31,557 @ 7.0% cap · market cap 3,155,700.00%
Second Best
Retail
$420.8K
$368.2K – $490.9K
NOI $29,453 @ 7.0% cap · market cap 2,945,300.00%
Theoretical Best
Office A
$761.4K
$666.2K – $888.3K
NOI $53,297 @ 7.0% cap · market cap 5,329,700.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
16,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 25%
Home Improvements & Furnishings 15%
Cumberland Farms
Shops & Services
8,399 visits/mo
0.4 miles
Jimmy's Egg
Dining
4,445 visits/mo
0.1 miles
Robinson's Hardware
Home Improvements & Furnishings
3,958 visits/mo
0.5 miles
AutoZone
Shops & Services
3,152 visits/mo
0.1 miles
SUBWAY
Dining
2,114 visits/mo
0.1 miles
Demographics for 12203, NY
28,210
Population
14,755
Households
1.9
Avg Household Size
38
Median Age
54%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
2,713
Density / Sq Mi
$80,055
Median Household Income
$44,412
Median Earnings
$1,342
Median Rent
$258,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Bank - A passing lane alongside the drive-through adds another vehicle-access feature to this standalone commercial property.
Where is this bank located?
The property is located at 1791 Western Avenue Guilderland, NY.
What are key features of this property?
This property features: 2,440‑square‑foot freestanding bank property; Built in 1968; Drive‑through with an adjoining passing lane
