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    1218 Central Ave Albany, NY 12205

    Sponsored
    For Lease
    $15,600 /Mo ($12 SF/Yr)

    Prime Albany location, flexible office suites.

    Lot size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional office space, located at 1218 Central Ave in Albany, NY, offers two available suites within a larger 15,000 square foot building. Situated in Albany County, zip code 12205, this property presents a fantastic opportunity for businesses seeking flexible and conveniently located office space. The building is a traditional office building with multiple tenants. Two contiguous office suites are immediately available, offering a range of sizes to accommodate various business needs. One suite offers approximately 1,200 square feet, while the other provides approximately 1,600 square feet. The minimum leasable space is 1,200 square feet, with a maximum contiguous space of 2,800 square feet. A total of 2,800 square feet is currently vacant. The monthly gross rent for the 1,200 square foot suite is $1,700, and the 1,600 square foot suite is $1,300 per month. This prime Albany location offers easy access to major transportation routes and amenities, making it an ideal choice for businesses of all sizes. The property's address is 1218 Central Ave, Albany, NY 12205. Inquire today to learn more about this exciting leasing opportunity.

    Property Features for 1218 Central Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,000 SF
    Total Rate
    15600

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    1,200 SF
    Rate per SF
    $15,600
    Space
    Available Space 2
    Size
    1,600 SF
    Rate per SF
    $20,400

    HighLights

    • Ample parking with approximately 60 spaces.
    • New ownership and management team in place.
    • Full‑service rent includes high‑speed WiFi.
    • Recent capital improvements including a new roof, landscaping, and interior finishes.
    • Shared kitchenette available for tenant use.
    • Energy‑efficient LED lighting throughout.
    Property Profile Location Intelligence

    Current Use by Public Records

    NY Tag & Title ... Auto Tag Agency Raimo Auto Tag ... Title Company NurseCore Nursing Agency Schaefer Media & Marketing, ... Advertising Agency 5 Star International ... Travel Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.807984
    Latitude
    42.695122

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Albany location, flexible office suites.
    Where is this office property / space located?
    The property is located at 1218 Central Ave Albany, NY.
    What is the lease rate?
    The lease rate is $15,600-$20,400 SF/Yr.
    What are key features of this property?
    This property features: Ample parking with approximately 60 spaces.; New ownership and management team in place.; Full-service rent includes high-speed WiFi.
    Request Owner's contact information
    1218 Central Ave Albany, NY 12205
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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
    1218 Central Ave Albany, NY 12205
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