Versatile Commercial Property on Central
For Sale
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54-56 Central Avenue, Ravena, NY 12143
Highly visible commercial property in Ravena's business district.
Property Size20,702 SF
Price / SF$154.57
Days on Market186
Property Features for 54-56 Central Avenue
General Information
Standard status
Active
Size
20,702 SF
Property subtype
Industrial, Retail, Mixed Use, Office
Zoning
R-2
Building Details
Year Built
1960
Buildings
3
Listing Agency:
Win Morrison Realty
(845) 901-6555
Listed By:
Kathy Shumway · License #NY 10301223076
Source:
Crexi
Added: Feb 3
Changed: Aug 8
Last Checked: Aug 8 at 6:45AM
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 Win Morrison Realty
Investment Insights
Based on property information with market context.
Located in the center of Ravena's business district, the commercial property at 54-56 Central Avenue offers a highly visible location suitable for a wide range of commercial uses. The building provides strong street presence, steady local traffic, and convenient access to Route 9W and the Capital Region. The property includes dual storefront entrances, allowing for multiple tenants, expansion opportunities, or a combined large-format business. The interior square footage provides flexible floor plans suitable for retail, office, service-based operations, or specialty commercial concepts. Large display windows offer branding and merchandising potential, while the open interior layout supports efficient customization. Additional features include off-street parking and walkability to nearby shops and municipal buildings. The central location attracts both local residents and commuters. This property is suitable for entrepreneurs, investors, and business owners looking for a strategic foothold in Ravena.
Key Highlights
- Highly visible commercial property in the center of Ravena's business district.
- Dual storefront entrances offer flexible space for multiple tenants or a large‑format business.
- Convenient access to Route 9W and the Capital Region.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$249,890
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,997,800
$5.0M
Cap Rate 7%
$3,569,857
$3.6M
Cap Rate 9%
$2,776,556
$2.8M
Market Conditions
NOI Build-Up for 20,702 SF
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.
Gross rent
$372.6K $18.00/SF
− Vacancy
−$15.7K −$0.76/SF
EGI
$357.0K $17.24/SF
− OpEx
−$107.1K −$5.17/SF
NOI
$249.9K $12.07/SF
Area
Albany County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,997,800
Cap Rate 7%
$3,569,857
Cap Rate 9%
$2,776,556
Alternative Uses
Best Use
Office B
$4.57M
$4.00M – $5.33M
NOI $319,722 @ 7.0% cap · market cap 9.99%
Second Best
Retail
$3.57M
$3.12M – $4.16M
NOI $249,890 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$6.46M
$5.65M – $7.54M
NOI $452,195 @ 7.0% cap · market cap 14.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Explore this area
Business Placement
Demographics for 12143, NY
4,903
Population
2,523
Households
1.9
Avg Household Size
42
Median Age
27%
College-Educated
90%
High-School Grad
19.1 sq mi
ZIP Area
257
Density / Sq Mi
$89,450
Median Household Income
$41,458
Median Earnings
$1,022
Median Rent
$222,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Highly visible commercial property in Ravena's business district.
Where is this mixed-use property located?
The property is located at 54-56 Central Avenue Ravena, NY.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Highly visible commercial property in the center of Ravena's business district.; Dual storefront entrances offer flexible space for multiple tenants or a large‑format business.; Convenient access to Route 9W and the Capital Region.
