Retail Space with Business
1810 Western Avenue, Albany, NY 12203
For Sale
New
$450,000
Commercial Sale, Albany, NY
Property Size3,204 SF
Lot Size0.56 Acres
Price / SF$140.45
Days on Market6
Property Features for 1810 Western Avenue
General Information
Property type
Property subtype
Zoning
Parking
Directions
Standard status
APN
Size
Lot size
Additional Details
Business Included
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Building materials
Roof type
Listing Agency:
Brokers Network
(518) 470-4877
Listed By:
Dun Zhuo Zheng · License NY #10401235201
(518) 292-8817
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 14 at 12:06AM
MLS# 202630013
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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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 retail property at 1810 Western Avenue includes 3,204 square feet of building area on a 0.56-acre parcel. The sale encompasses an established wine and liquor store business, its goodwill, and the furniture, fixtures, and equipment. Built in 1960, the building has brick and vinyl siding, a rubber roof, forced-air heat, and central air conditioning.
Public water and public sewer serve the property. Commercial zoning is in place, and the asset is located in Albany, New York.
Public water and public sewer serve the property. Commercial zoning is in place, and the asset is located in Albany, New York.
Key Highlights
- Established wine and liquor store business included in the sale
- 3,204 square feet of building area on a 0.56‑acre parcel
- Furniture, fixtures, equipment, and goodwill included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,713
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,260
$774.3K
Cap Rate 7%
$553,043
$553.0K
Cap Rate 9%
$430,144
$430.1K
Market Conditions
NOI Build-Up for 3,204 SF
Gross rent
$59.6K $18.60/SF
− Vacancy
−$4.3K −$1.34/SF
EGI
$55.3K $17.26/SF
− OpEx
−$16.6K −$5.18/SF
NOI
$38.7K $12.08/SF
Area
Albany, NY
Vacancy
7.20%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,260
Cap Rate 7%
$553,043
Cap Rate 9%
$430,144
Alternative Uses
Best Use
Retail
$553.0K
$483.9K – $645.2K
NOI $38,713 @ 7.0% cap · market cap 8.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$845.3K
$739.6K – $986.2K
NOI $59,171 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
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
$258,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Albany, NY
Properties on Market for Retail space in Albany
Vacancy Rate% for Retail in Albany, NY
Frequently Asked Questions
What type of property is this?
Retail space - The sale includes the operating wine and liquor business, along with its furniture, fixtures, and equipment.
Where is this retail space located?
The property is located at 1810 Western Avenue Albany, NY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Established wine and liquor store business included in the sale; 3,204 square feet of building area on a 0.56‑acre parcel; Furniture, fixtures, equipment, and goodwill included
