Mixed-Use Property with Retail
For Sale
Contact for pricing
97 Central Avenue, Albany, NY 12206
Retail space fronts Central Avenue in Albany, with access to downtown and I-90.
Property Size46,080 SF
Price / SF$0.00
Days on Market285
Property Features for 97 Central Avenue
General Information
Standard status
Active
Size
46,080 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Year Built
1912
Buildings
1
Listing Agency:
KW Platform
(518) 724-5800
Listed By:
Benjamin R Romer · License #10401317745
(518) 368-3932
Source:
Simplywoodardrealestate
Added: Jan 22
Changed: Nov 1
Last Checked: Nov 1 at 3:05PM
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 KW Platform
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Retail space is part of this mixed-use building at 97 Central Avenue in Albany. Constructed in 1912, the property sits along a corridor where more than 20,000 vehicles travel each day.
Downtown Albany and I-90 are accessible from the property. The surrounding area includes residential and commercial uses.
Downtown Albany and I-90 are accessible from the property. The surrounding area includes residential and commercial uses.
Key Highlights
- Mixed‑use property with retail space at 97 Central Avenue
- More than 20,000 vehicles travel the corridor each day
- Built in 1912
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$543,110
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,862,200
$10.9M
Cap Rate 7%
$7,758,714
$7.8M
Cap Rate 9%
$6,034,556
$6.0M
Market Conditions
NOI Build-Up for 46,080 SF
Gross rent
$967.7K $21.00/SF
− Vacancy
−$98.7K −$2.14/SF
EGI
$869.0K $18.86/SF
− OpEx
−$325.9K −$7.07/SF
NOI
$543.1K $11.79/SF
Area
Albany, NY
Vacancy
10.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,862,200
Cap Rate 7%
$7,758,714
Cap Rate 9%
$6,034,556
Alternative Uses
Best Use
Retail
$7.95M
$6.96M – $9.28M
NOI $556,764 @ 7.0% cap · market cap 3,976,885.71%
Second Best
Mixed Use
$7.76M
$6.79M – $9.05M
NOI $543,110 @ 7.0% cap · market cap 3,879,357.14%
Theoretical Best
Office A
$12.16M
$10.64M – $14.18M
NOI $851,005 @ 7.0% cap · market cap 6,078,607.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,078
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 47%
Dunkin' Donuts
Dining
10,314 visits/mo
0.5 miles
Family Dollar
Shops & Services
8,238 visits/mo
0.4 miles
SEFCU
Shops & Services
4,000 visits/mo
0.2 miles
Shogun
Dining
1,548 visits/mo
0.5 miles
Mavis Discount Tire
Shops & Services
1,434 visits/mo
0.3 miles
Demographics for 12206, NY
17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
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 - Retail space fronts Central Avenue in Albany, with access to downtown and I-90.
Where is this mixed-use property located?
The property is located at 97 Central Avenue Albany, NY.
What are key features of this property?
This property features: Mixed‑use property with retail space at 97 Central Avenue; More than 20,000 vehicles travel the corridor each day; Built in 1912
