Retail Suite with Flexible
For Sale
Contact for pricing
1995 Central Avenue #4, Colonie, NY 12205
The suite has an open entry room and two smaller rooms at the rear.
Property Size15,044 SF
Price / SF$0.09
Days on Market23
Property Features for 1995 Central Avenue #4
General Information
Standard status
Active
Size
15,044 SF
Property subtype
Retail
Zoning
COR
Additional Details
Road Access
Yes
Building Details
Year Built
1959
Listing Agency:
Howard Hanna Capital Inc
(518) 371-4500
Listed By:
Joel A Koval · License #30KO0886220
(518) 466-5635
Source:
Simplywoodardrealestate
Added: Oct 14
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 Howard Hanna Capital Inc
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Investment Insights
Based on property information with market context.
Suite 4 is arranged with an open room at the entrance and two smaller rooms toward the rear. Restrooms are located in a common area maintained by the landlord, and parking is available at both the front and rear of the building. Additional space in the building is also available.
The property is on Central Avenue, where NY DOT reports approximately 23,000 vehicles per day passing the site. The space is in the COR zone. Lease term is negotiable, and the lease structure is modified gross, with the tenant responsible for rent and a pro-rata share of utilities and CAMS.
The property is on Central Avenue, where NY DOT reports approximately 23,000 vehicles per day passing the site. The space is in the COR zone. Lease term is negotiable, and the lease structure is modified gross, with the tenant responsible for rent and a pro-rata share of utilities and CAMS.
Key Highlights
- Open entry room with two smaller rooms at the rear
- Parking available at the front and rear of the building
- NY DOT reports approximately 23,000 vehicles per day passing the site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$181,770
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,635,400
$3.6M
Cap Rate 7%
$2,596,714
$2.6M
Cap Rate 9%
$2,019,667
$2.0M
Market Conditions
NOI Build-Up for 15,044 SF
Gross rent
$279.8K $18.60/SF
− Vacancy
−$20.1K −$1.34/SF
EGI
$259.7K $17.26/SF
− OpEx
−$77.9K −$5.18/SF
NOI
$181.8K $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%
$3,635,400
Cap Rate 7%
$2,596,714
Cap Rate 9%
$2,019,667
Alternative Uses
Best Use
Retail
$2.60M
$2.27M – $3.03M
NOI $181,770 @ 7.0% cap · market cap 13,982.31%
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
4,679 visits/mo
0.5 miles
Exxon
Shops & Services
4,354 visits/mo
0.4 miles
U-Haul
Shops & Services
1,554 visits/mo
0.4 miles
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
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The suite has an open entry room and two smaller rooms at the rear.
Where is this retail space located?
The property is located at 1995 Central Avenue #4 Colonie, NY.
What are key features of this property?
This property features: Open entry room with two smaller rooms at the rear; Parking available at the front and rear of the building; NY DOT reports approximately 23,000 vehicles per day passing the site
