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    1956 Western Ave Guilderland, NY 12084
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    1956 Western Ave Guilderland, NY 12084

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    • Retail properties & Spaces
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    • Retail properties & Spaces

    Property Details for 1956 Western Ave

    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 226,512 square foot commercial land parcel presents a remarkable investment opportunity in Guilderland, New York. Located at 1956 Western Avenue, this property is zoned for retail development and offers significant potential for substantial monthly income generation. The expansive lot size provides ample space for a variety of commercial ventures, allowing for flexibility in design and development. The current income stream is substantial, but further improvements and strategic leasing could significantly increase profitability. The property's convenient location on Western Avenue ensures high visibility and accessibility, attracting a large customer base. The site benefits from a private road, enhancing security and providing convenient access for both customers and employees. This is a rare opportunity to acquire a large, well-located commercial land parcel with proven income potential in a thriving New York market. The asking price is $2,000,000. Detailed zoning information and development guidelines are available upon request. This property is ideal for developers seeking a high-return investment with significant upside potential. The absence of existing structures allows for complete design freedom, enabling the creation of a bespoke commercial development tailored to specific market demands. This is a unique chance to shape the future of a prime retail location in Guilderland. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Guilderland
    County
    Albany
    State
    New York
    Longitude
    -73.9066
    Latitude
    42.7003

    Comparable in this City

    • Value Estimation by Request
      3,224 SF

      2314 Western Ave

      SHOW ROOM, WAREHOUSE • 3,224 SF
      2314 Western Ave, Guilderland, NY 12084-9209
      View Details
    • Value Estimation
      $880,000
      9,000 SF

      2298 Western Ave, Unit 2304

      SHOW ROOM, WAREHOUSE • 9,000 SF
      2298 Western Ave, Guilderland, NY 12084-9701
      View Details
    • Value Estimation
      $1,140,000
      22,320 SF

      4 Charles Blvd

      SHOW ROOM, WAREHOUSE • 22,320 SF
      4 Charles Blvd, Guilderland, NY 12084-9576
      View Details
    • Value Estimation by Request
      19,126 SF

      2327 Western Ave

      MINI-MALL • 19,126 SF
      2327 Western Ave, Guilderland, NY 12084-9749
      View Details
    • Value Estimation by Request
      0.43 Acres

      2209 Western Ave

      VACANT COMMERCIAL LAND • 0.43 Acres
      2209 Western Ave, Guilderland, NY 12084-9747
      View Details
    • Value Estimation by Request
      0.74 Acres

      135 Willow St

      VACANT COMMERCIAL LAND • 0.74 Acres
      135 Willow St, Guilderland, NY 12084-9762
      View Details

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      Guilderland Office Building For Sale

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    Guilderland, NY 12084
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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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