Flex Space with Rear Overhead
For Sale
Contact for pricing
1865 Central Avenue, Colonie, NY 12205
COR-zoned space offers access from the side and rear, plus Central Avenue signage.
Property Size6,360 SF
Price / SF$0.00
Days on Market74
Property Features for 1865 Central Avenue
General Information
Standard status
Active
Size
6,360 SF
Property subtype
Retail
Zoning
COR
Additional Details
Property Use
Flex Space
Amenities
overhead door
signage
Building Details
Year Built
1964
Listing Agency:
Berkshire Hathaway Home Services Blake
(518) 464-0870
Listed By:
Karen Zalewski-Wildzunas · License #10301219752
(518) 858-4719
Source:
Simplywoodardrealestate
Added: Aug 24
Changed: Nov 4
Last Checked: Nov 4 at 8:57AM
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 Berkshire Hathaway Home Services Blake
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,360-square-foot flex property, built in 1964, has entrances along the side and rear, with an overhead door at the back. Central Avenue signage is available, and the site is zoned COR.
The entrance can be seen from Central Avenue, opposite CarMax and between two signalized intersections. The reported traffic count exceeds 43,000 cars. Tint King is adjacent to the property.
The entrance can be seen from Central Avenue, opposite CarMax and between two signalized intersections. The reported traffic count exceeds 43,000 cars. Tint King is adjacent to the property.
Key Highlights
- 6,360 square feet of flex space
- COR zoning
- Rear overhead door, with entrances on the side and rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,218
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,344,360
$1.3M
Cap Rate 7%
$960,257
$960.3K
Cap Rate 9%
$746,867
$746.9K
Market Conditions
NOI Build-Up for 6,360 SF
Gross rent
$103.0K $16.20/SF
− Vacancy
−$7.0K −$1.10/SF
EGI
$96.0K $15.10/SF
− OpEx
−$28.8K −$4.53/SF
NOI
$67.2K $10.57/SF
Area
Albany, NY
Vacancy
6.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,344,360
Cap Rate 7%
$960,257
Cap Rate 9%
$746,867
Alternative Uses
Best Use
Retail
$1.10M
$960.6K – $1.28M
NOI $76,845 @ 7.0% cap · market cap 452,029.41%
Second Best
Flex RnD
$998.5K
$873.7K – $1.16M
NOI $69,895 @ 7.0% cap · market cap 411,147.06%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,456 @ 7.0% cap · market cap 690,917.65%
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
Location Intelligence
Trade Area within ½ mile
785
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12205, NY
27,168
Population
12,061
Households
2.3
Avg Household Size
45
Median Age
36%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
1,764
Density / Sq Mi
$89,270
Median Household Income
$54,184
Median Earnings
$1,405
Median Rent
$264,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Moe's Southwest Grill — 1770 Central Ave, Colonie, NY 12205
Frequently Asked Questions
What type of property is this?
Flex space - COR-zoned space offers access from the side and rear, plus Central Avenue signage.
Where is this flex space located?
The property is located at 1865 Central Avenue Colonie, NY.
What are key features of this property?
This property features: 6,360 square feet of flex space; COR zoning; Rear overhead door, with entrances on the side and rear
