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    Property profile & analytics

    1156-1166 Western Ave Albany, NY 12203

    • Retail properties
    • 6,290 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 1156-1166 Western Ave

    Lot size
    0.50 lot acres
    Property size
    6,290 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.8219
    Latitude
    42.6758

    Comparable in this City

    • Value Estimation by Request
      25,000 SF

      250 Washington Avenue Ext

      Medical offices • 25,000 SF
      250 Washington Avenue Ext, Albany, NY 12203
      View Details
    • Value Estimation by Request
      12,640 SF

      1969 Western Ave

      NURSERY, GREENHOUSE, FLORIST • 12,640 SF
      1969 Western Ave, Albany, NY 12203-5011
      View Details
    • Value Estimation by Request
      9,098 SF

      1470 Western Ave

      RESTAURANT • 9,098 SF
      1470 Western Ave, Albany, NY 12203-3538
      View Details
    • Value Estimation by Request
      2,640 SF

      1244 Western Ave

      RESTAURANT • 2,640 SF
      1244 Western Ave, Albany, NY 12203
      View Details
    • Value Estimation by Request

      570 Western Ave

      Multifamily properties
      570 Western Ave, Albany, NY 12203
      View Details
    • Value Estimation by Request
      5,357 SF

      1736 Western Ave

      RESTAURANT • 5,357 SF
      1736 Western Ave, Albany, NY 12203-4413
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $17 SF/Yr
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      Albany Medical Office Space For Lease

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    • $21 SF/Yr
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    • $21 SF/Yr
      14,448 SF

      Medical Building Near Hospitals

      Medical office space with apartment near St. Peters and Albany Med.
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    • $1,850 /Mo
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      Western Avenue Medical/Retail/Office Space

      Former dentist office near SUNY Albany, suitable for medical/office/retail.
      956 Western Ave, Albany, NY 12203
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    • $1.00 SF/Yr
      38,000 SF

      Office and Medical Space Available

      Versatile office and medical space in a prime location.
      10 Mckown Rd, Albany, NY 12203
      View Details
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    1156-1166 Western Ave
    Albany, NY 12203
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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
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