Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    412 Broadway Albany, NY 12207
    Back to Search
    Property profile & analytics

    412 Broadway Albany, NY 12207

    View on Map
    • Retail properties & Spaces
    • 2,000 SF
    • 0.22 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Argus Apartments / Apartment Complex
    • 3 Guys Handyman / Hardware & Home Improvement / General Contractor
    • The Vandy Shoppe / Discount Store
    • Fort Orange General Store / (Bike/Boat/Book/etc) Store
    • 412 Broadway Albany NY / Apartment Building

    Property Details for 412 Broadway

    Lot size
    0.22 lot acres
    Property size
    2,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional business opportunity presents a well-established retail space at 412 Broadway in Albany, New York. Located in Albany County, this property boasts a prime location with high visibility and foot traffic. The 2,000 square foot building sits on a 0.22-acre lot and is zoned C3, offering flexibility for a variety of commercial uses. Currently operating as a general store, the business is turnkey and includes all fixtures and inventory. The asking price is $160,000, translating to $80 per square foot. The property consists of one building with one unit, making it an ideal investment for a single owner-operator or a small business looking to expand. The property's address is 412 Broadway, Albany, NY 12207. The Assessed Parcel Number (APN) is 76.42-3-36. This is a rare chance to acquire a profitable, established business in a desirable location with significant growth potential. The current business model focuses on curated craftsmanship, artisanal foods, locally crafted homewares, and unique gifts, offering a strong foundation for continued success. This turnkey operation is ready for immediate ownership and presents a unique opportunity for an entrepreneur seeking a profitable venture in a vibrant community. The property's location provides excellent access to major transportation routes and a dense population base.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.7509
    Latitude
    42.6482

    Comparable in this City

    • Value Estimation by Request
      48,690 SF

      150 State St

      Office Spaces • 48,690 SF
      150 State St, Albany, NY 12207
      View Details
    • Value Estimation by Request
      9,520 SF

      111 Pine St

      Mixed-use properties • 9,520 SF
      111 Pine St, Albany, NY 12207
      View Details
    • Value Estimation by Request
      14,808 SF

      99 Pine St

      Office Spaces • 14,808 SF
      99 Pine St, Albany, NY 12207
      View Details
    • Value Estimation by Request

      113 State St

      Office Spaces
      113 State St, Albany, NY 12207
      View Details
    • Value Estimation by Request
      101,730 SF

      99 Pine St

      Office Spaces • 101,730 SF
      99 Pine St, Albany, NY 12207
      View Details
    • Value Estimation
      $5,910,000
      62,160 SF

      156 State St, Unit 502008

      CONDOMINIUM OFFICES • 62,160 SF
      156 State St, Albany, NY 12207
      View Details

    Similar Nearby for Sale

    • $2,500,000
      9,520 SF

      Downtown Albany Mixed-Use Gem

      11-Unit Multi-Family, Office & Retail
      111 Pine St, Albany, NY 12207
      View Details
    • $2,890,000
      16,966 SF

      Downtown Albany Mixed-Use Gem

      Prime Albany location, 16,966 SF, high-end finishes.
      22 Clinton Ave, Albany, NY 12207
      View Details
    • $750,000
      3,796 SF

      Downtown Albany Mixed-Use Investment

      Prime commercial storefront with residential units in downtown Albany.
      402 Broadway, Albany, NY 12207
      View Details
    • $299,900
      1,008 SF

      Mixed-Use Property Across Tricentennial Park

      Versatile mixed-use property in downtown Albany with high visibility.
      54 James St, Albany, NY 12207
      View Details
    • $562,000
      11,383 SF

      Albany Office/Warehouse Building For Sale

      11,383 SF office/warehouse building in North Albany, NY.
      70 Tivoli St, Albany, NY 12207
      View Details
    • $1,190,000
      10,085 SF

      Downtown Albany Mixed-Use Investment

      Fully leased, renovated mixed-use building in downtown Albany.
      82 N Pearl St, Albany, NY 12207
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      3,000 SF

      Downtown Albany Office/Restaurant Space

      Office and restaurant spaces available in downtown Albany.
      39 N Pearl St, Albany, NY 12207
      View Details
    • $24 SF/Yr
      16,966 SF

      Downtown Albany Mixed-Use Building

      Renovated mixed-use building with office, retail, and restaurant space.
      22 Clinton Ave, Albany, NY 12207
      View Details
    • Contact for pricing

      Prime Office Building with Amenities

      12-story office building with on-site amenities and convenient access.
      41 State St, Albany, NY 12207
      View Details
    • $20 SF/Yr

      Office Space for Lease

      Office space available for lease at 76 N Pearl St.
      76 N Pearl St, Albany, NY 12207
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 12205 Flatlands Ave, Brooklyn.
      12205 Flatlands Ave, Brooklyn, NY 12207
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for lease at 418 Broadway, Albany.
      418 Broadway, Albany, NY 12207
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    412 Broadway
    Albany, NY 12207
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    412 Broadway, Albany, NY, 12207
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!