Warehouse with Overhead
New
For Sale
Contact for pricing
1995 Central Ave, Albany, NY 12205
Open warehouse space includes a separate garage area and access to shared restrooms.
Property Size15,044 SF
Price / SF$0.09
Days on Market2
Property Features for 1995 Central Ave
General Information
Standard status
Active
Size
15,044 SF
Property subtype
Commercial
Zoning
COR
Additional Details
Road Access
Yes
Building Details
Year Built
1959
Tenancy
Multi
Listing Agency:
Coldwell Banker Prime Properties
Listed By:
Brian Walters · License #30WA0832219
(518) 526-1800
Source:
Albanyprimeproperties
Added: Oct 16
Last Checked: Oct 16 at 6:51AM
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 Prime Properties
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Investment Insights
Based on property information with market context.
The warehouse space combines a large open room with a garage area featuring a 12-foot overhead door. Ceiling height in the warehouse is approximately 14 feet, and restrooms are located in a common area maintained by the landlord. The building dates to 1959.
The property is on Central Avenue in Albany. NY DOT reports approximately 23,000 vehicles per day passing the site. The property is in a COR zone.
The property is on Central Avenue in Albany. NY DOT reports approximately 23,000 vehicles per day passing the site. The property is in a COR zone.
Key Highlights
- Large open warehouse room with approximately 14‑foot ceilings
- Garage area with a 12‑foot overhead door
- Shared restrooms in a landlord‑maintained common area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$180,494
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,609,880
$3.6M
Cap Rate 7%
$2,578,486
$2.6M
Cap Rate 9%
$2,005,489
$2.0M
Market Conditions
NOI Build-Up for 15,044 SF
Gross rent
$225.7K $15.00/SF
− Vacancy
−$13.3K −$0.89/SF
EGI
$212.3K $14.11/SF
− OpEx
−$31.9K −$2.12/SF
NOI
$180.5K $12.00/SF
Area
Albany, NY
Vacancy
5.90%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,609,880
Cap Rate 7%
$2,578,486
Cap Rate 9%
$2,005,489
Alternative Uses
Best Use
Warehouse
$2.58M
$2.26M – $3.01M
NOI $180,494 @ 7.0% cap · market cap 13,884.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.97M
$3.47M – $4.63M
NOI $277,833 @ 7.0% cap · market cap 21,371.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
233
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Self-Storage at U-Haul — 2043-45 Central Ave, Albany, NY 12205
- Central Self Storage — 2113 Central Ave, Schenectady, NY 12304
Frequently Asked Questions
What type of property is this?
Warehouse - Open warehouse space includes a separate garage area and access to shared restrooms.
Where is this warehouse located?
The property is located at 1995 Central Ave Albany, NY.
What are key features of this property?
This property features: Large open warehouse room with approximately 14‑foot ceilings; Garage area with a 12‑foot overhead door; Shared restrooms in a landlord‑maintained common area
