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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1540 Central Ave Albany, NY 12205

    • Retail properties
    • 3,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pinto Thai Kitchen / Restaurant
    • 1st Kander Realty / Real Estate Agency
    • CBM Business Solutions / Financial Advisor
    • Moodie Bluez Consulting / Consultant
    • Sahara Outing, 1st Kander Realty Inc / Real Estate Agency

    Property Details for 1540 Central Ave

    Property size
    3,000 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This exceptional 3,000 square foot retail building presents a unique investment opportunity in Colonie, NY. Located at 1540 Central Ave, this single-tenant property sits on a generous 2.05-acre lot and is ideally suited for a drive-thru restaurant or similar retail operation. The building is brand new construction, offering a modern and efficient layout. With ample parking for 27 vehicles, customer convenience is prioritized. The property's prominent location on Central Avenue ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a strong foothold in a thriving market. The entire 3,000 square feet is currently vacant, providing a blank canvas for a prospective tenant to customize the space to their exact specifications. The one-story building offers easy navigation and accessibility for both customers and staff. This is a rare opportunity to acquire a newly constructed, strategically located retail property in a high-traffic area of Albany, New York. The property's size and features make it suitable for a variety of retail concepts, particularly those that benefit from drive-thru capabilities. The expansive lot size allows for future expansion or additional development, offering significant long-term potential. The zip code is 12205. This property is ready for immediate occupancy.

    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
    -73.8295
    Latitude
    42.7141

    Comparable in this City

    • Value Estimation
      $1,185,000
      11,223 SF

      1881 Central Ave

      STORE/OFFICE (MIXED USE) • 11,223 SF
      1881 Central Ave, Albany, NY 12205-4221
      View Details
    • Value Estimation by Request
      7.50 Acres

      1277th Central Ave

      NURSERY, GREENHOUSE, FLORIST • 7.50 Acres
      1277th Central Ave, Albany, NY 12205-5231
      View Details
    • Value Estimation by Request
      3,890 SF

      957 Watervliet Shaker Rd

      NURSERY, GREENHOUSE, FLORIST • 3,890 SF
      957 Watervliet Shaker Rd, Colonie, NY 12205-2133
      View Details
    • Value Estimation by Request
      10,700 SF

      Confidential

      Distribution properties • 10,700 SF
      0 Confidential, Colonie, NY 12205
      View Details
    • Value Estimation by Request
      720 SF

      206 Wolf Rd

      NURSERY, GREENHOUSE, FLORIST • 720 SF
      206 Wolf Rd, Albany, NY 12205
      View Details
    • Value Estimation by Request
      960 SF

      301 Sand Crk Rd

      NURSERY, GREENHOUSE, FLORIST • 960 SF
      301 Sand Crk Rd, Albany, NY 12205-2928
      View Details

    Similar Nearby for Sale

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      Renovated 1920s Brick Building

      Completely rebuilt interior, suitable for bar, restaurant, or retail.
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      Retail Property on One Acre

      Retail property on approximately one acre in busy corridor.
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    • New
      $659,900
      Pending

      Mixed-Use Property with Income Potential

      High-visibility mixed-use property with immediate cash flow and value-add upside.
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    Similar Nearby for Lease

    • $14 SF/Yr
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      Westgate Plaza Retail Space For Lease

      Albany, NY: Prime Retail/Medical Space Available
      911 Central Ave, Colonie, NY 12205
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      9,600 SF

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      Prime restaurant site with high visibility on Wolf Road.
      44 Wolf Rd, Albany, NY 12205
      View Details
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      269,366 SF

      Colonie Center Retail Space Available

      High-profile retail space, multiple suites.
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      View Details
    • Contact for pricing
      3,066 SF

      Restaurant with Drive Thru

      Free standing restaurant with drive thru on Wolf Road.
      56 Wolf Rd, Albany, NY 12205
      View Details
    • Contact for pricing
      3,000 SF

      Single Tenant Drive-Through Available

      Drive-through restaurant opportunity near major roads in Colonie, NY.
      1540 Central Ave, Colonie, NY 12205
      View Details
    • Contact for pricing
      24,007 SF

      Central Ave Retail Center

      Colonie, NY Shopping Center Space Available
      1839 Central Ave, Colonie, NY 12205
      View Details
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    1540 Central Ave
    Albany, NY 12205
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    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
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