For Sale
$420,000
184 Central Avenue, Albany, NY 12206
Commercial land
Property Size2,880 SF
Price / SF$145.83
Days on Market260
Property Features for 184 Central Avenue
General Information
Standard status
Active
Size
2,880 SF
Total Parking Spaces
10
Property subtype
Commercial
Building Details
Year Built
1920
Listing Agency:
KW Platform
Listed By:
Ramiz Turan
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Nov 14, 2025
Changed: Jul 10
Last Checked: Aug 1 at 5:17AM
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 KW Platform
Investment Insights
Based on property information with market context.
Key Highlights
- Commercial building built in 1920 at 184 Central Ave
- Three parcels included: 184 Central Ave plus vacant lots at 178 and 182 Central Ave
- Parking for 10+ vehicles on‑site
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 | $53.6k | $18.60 |
| − Vacancy | −$3.9k | −$1.34 |
| EGI | $49.7k | $17.26 |
| − OpEx | −$14.9k | −$5.18 |
| NOI | $34.8k | $12.08 |
2,880 SF · lease $18.60/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Office B
$563.1K
$492.7K – $657.0K
NOI $39,417 @ 7.0% cap · market cap 9.39%
Second Best
Retail
$497.1K
$435.0K – $580.0K
NOI $34,798 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$759.8K
$664.9K – $886.5K
NOI $53,188 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,825
Businesses Nearby
Explore this area
Business Placement
Demographics for 12206, NY
17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
Where is this commercial land located?
The property is located at 184 Central Avenue Albany, NY.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Commercial building built in 1920 at 184 Central Ave; Three parcels included: 184 Central Ave plus vacant lots at 178 and 182 Central Ave; Parking for 10+ vehicles on‑site
