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    Retail/Office Building with Dual Entrances Title is generated by Realmo AI

    54-56 Central Avenue, Ravena, NY 12143

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    For Sale
    $3,200,000

    Dual storefront entrances and large display windows support retail or office uses with off-street parking and Route 9W access.

    Type:Commercial
    Property size:
    32,702 SF
    Price / SF:
    $97/SF
    Added:
    Jan 27, 2026
    Days on Market:
    130
    Last Refresh:
    Jun 5 at 2:20 am

    Property Features for 54-56 Central Avenue

    General Information

    Standard status
    Active
    Size
    32,702 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Kathy Ann A Shumway

    Listing office Win Morrison Realty

    Listing date Jan 27, 2026

    Source Signatureonerealtygroup

    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

    HighLights

    • Highly visible commercial building in the center of Ravena’s business district
    • Dual storefront entrances provide flexible space for multiple tenants or combined use
    • Large display windows and open interior layout for retail, office, or service‑based operations
    • Off‑street parking available
    • Convenient access to Route 9W and I‑87

    Overview

    54-56 Central Avenue presents a versatile commercial building configured with dual storefront entrances and large display windows, supporting flexible use as retail, office, or service-based space. The interior layout is open and adaptable, allowing tenants or owners to customize the floor plan to match their operational needs. With generous interior space, the property can work for single-tenant occupancy or for arrangements that benefit from multiple access points.

    The building is positioned in the center of Ravena’s business district, providing a strong day-to-day retail and professional environment. Off-street parking is available, and the property offers convenient access to Route 9W and the Capital Region, helping connect the site to both local customers and regional traffic patterns.

    For business owners, this configuration is practical when you want street-facing visibility through the storefront windows and the option to separate spaces using the dual entrances. For operators considering offices or specialty service concepts, the open interior supports layout planning without constraining the space to a single use. The combination of storefront presence, adaptable interior configuration, and parking makes the property a straightforward fit for a wide range of commercial teams evaluating a central, accessible location in Ravena.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Janine's Floral Creations — 2447 Rte 9W, Ravena, NY 12143

    Location Insight

    • Map
    • Local Demand
    City
    Ravena
    County
    Albany
    State
    New York
    Longitude
    -73.811433
    Latitude
    42.47567

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    FAQs

    What type of property is this?
    Storefront property - Dual storefront entrances and large display windows support retail or office uses with off-street parking and Route 9W access.
    Where is this storefront 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 building in the center of Ravena’s business district; Dual storefront entrances provide flexible space for multiple tenants or combined use; Large display windows and open interior layout for retail, office, or service‑based operations
    We can help!
    Listing Contact
    Kathy Ann A Shumway
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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