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    500 Northern Blvd Albany, NY 12204

    For Lease
    $18 SF/Yr ($9,339 /Mo)

    High-traffic retail space near Samaritan Hospital.

    Lot size:
    6,226 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 6,226 square foot retail property, built in 2016, is situated on a 1.4-acre lot in Albany, NY's Warehouse District, specifically in the Samaritan Hospital - Memorial Campus submarket. The property, zoned C2, features a single building with multiple suites and currently has 4,020 square feet of vacant space available. Units are divisible, with a minimum of 2,005 square feet and a maximum contiguous space of 4,020 square feet. This prime retail opportunity benefits from its strategic location adjacent to a thriving Dunkin' Donuts drive-thru and a newly constructed 184-unit apartment building, ensuring high visibility and foot traffic. Its proximity to I-90 and Samaritan Hospital provides excellent accessibility and a strong residential base. The property offers a dynamic and high-traffic environment ideal for businesses seeking to thrive in a bustling area. This is a rare chance to establish a presence in a vibrant and strategically positioned retail hub within Albany's Warehouse District. Don't miss this opportunity to secure your space in this thriving commercial center.

    Property Features for 500 Northern Blvd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,226 SF
    Total Rate
    9339

    Building Details

    Year Built
    2016

    Unit(s) available at that property

    Space
    Available Space 3
    Size
    6,226 SF
    Rate per SF
    $18

    HighLights

    • 6,226 SF retail building on 1.4‑acre lot in Albany, NY's Warehouse District.
    • 4,020 SF of vacant space available, divisible into two suites of approximately 2,005 SF each.
    • Excellent location near I‑90, Samaritan Hospital, and a new apartment building, offering high visibility and traffic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Red Carpet Inn ... Hotel Red Carpet Inn Hotel The Comedy Works Comedy Club Dunkin' Coffee Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.75218
    Latitude
    42.672015

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic retail space near Samaritan Hospital.
    Where is this neighborhood center located?
    The property is located at 500 Northern Blvd Albany, NY.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 6,226 SF retail building on 1.4-acre lot in Albany, NY's Warehouse District.; 4,020 SF of vacant space available, divisible into two suites of approximately 2,005 SF each.; Excellent location near I-90, Samaritan Hospital, and a new apartment building, offering high visibility and traffic.
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    Albany, NY 12204
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    Realmo Value Estimation

    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.

    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.

    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
    500 Northern Blvd Albany, NY 12204
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