Mixed-Use Property with
New
For Sale
$425,000
507 Yates Street, Albany, NY 12208
Commercial Sale, Albany, NY
Property Size1,872 SF
Lot Size0.05 Acres
Price / SF$227.03
Days on Market2
Property Features for 507 Yates Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Basement
Full
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
Madison Ave West, left on Quail St, first right on Yates (Yates is a one way street).
Standard status
Active
APN
010100 64.76-1-24
Size
1,872 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6198
Utilities
Sewer type
Public Sewer
Heating system
Radiant
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Building materials
Frame, Drywall, Vinyl Siding
Roof type
Flat
Listing Agency:
Venture Fox Realty Group LLC
(518) 290-1070
Listed By:
Christopher Pratt · License #10401381795
(518) 857-4654
Added: Oct 19
Last Checked: Oct 20 at 1:06PM
MLS# 202628536
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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Investment Insights
Based on property information with market context.
This mixed-use property combines a tavern business with a two-bedroom apartment on the upper floor. The 1,872-square-foot building includes a bar, kitchen and preparation area, and outdoor patio. The sale package also includes the operating business, furniture, fixtures, and equipment. Built in 1930, the property has mixed zoning and occupies a 0.05-acre parcel.
The Albany property is one block from the College of Saint Rose campus. A proposed 160-unit residential development for residents age 55 and older is nearby.
The Albany property is one block from the College of Saint Rose campus. A proposed 160-unit residential development for residents age 55 and older is nearby.
Key Highlights
- 1,872‑square‑foot building on a 0.05‑acre lot
- Tavern business, real estate, furniture, fixtures, and equipment included
- Second‑floor apartment with two bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,937
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,740
$518.7K
Cap Rate 7%
$370,529
$370.5K
Cap Rate 9%
$288,189
$288.2K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$37.1K $19.80/SF
− Vacancy
−$2.5K −$1.33/SF
EGI
$34.6K $18.47/SF
− OpEx
−$8.6K −$4.62/SF
NOI
$25.9K $13.86/SF
Area
Albany, NY
Vacancy
6.70%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,740
Cap Rate 7%
$370,529
Cap Rate 9%
$288,189
Alternative Uses
Best Use
Specialty Retail
$370.5K
$324.2K – $432.3K
NOI $25,937 @ 7.0% cap · market cap 6.10%
Second Best
Mixed Use
$315.2K
$275.8K – $367.7K
NOI $22,064 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$493.9K
$432.2K – $576.2K
NOI $34,572 @ 7.0% cap · market cap 8.13%
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
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,712
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Dining 23%
Mobil
Shops & Services
10,707 visits/mo
0.4 miles
Exxon
Shops & Services
7,137 visits/mo
0.5 miles
Dunkin' Donuts
Dining
6,383 visits/mo
0.4 miles
Citizens Bank
Shops & Services
3,088 visits/mo
0.4 miles
Demographics for 12208, NY
22,118
Population
11,522
Households
1.9
Avg Household Size
34
Median Age
56%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
5,027
Density / Sq Mi
$69,505
Median Household Income
$39,268
Median Earnings
$1,291
Median Rent
$255,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Albany, NY
Frequently Asked Questions
What type of property is this?
Mixed-use property - A second-floor two-bedroom apartment sits above a bar and kitchen, with the business and its furnishings included in the sale.
Where is this mixed-use property located?
The property is located at 507 Yates Street Albany, NY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,872‑square‑foot building on a 0.05‑acre lot; Tavern business, real estate, furniture, fixtures, and equipment included; Second‑floor apartment with two bedrooms
