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    Property profile & analytics

    1839 Central Ave Colonie, NY 12205

    • Strip malls
    • 14,344 SF
    • 2.70 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US63-2223116
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mazadar Mediterranean Kitchen / Halal Restaurant / Mediterranean Restaurant
    • Mr Dealz / Electronics Store / Cell Phone Store
    • Jay Allen Barber Studio / Barber Shop
    • AAA Elite Medical Equipment / Medical Supply Store / Diabetes Equipment Supplier
    • Williams Gloria V DDS / Dentist

    Property Details for 1839 Central Ave

    Year built
    1986
    Lot size
    2.70 lot acres
    Property size
    14,344 SF
    Zone code
    12
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    012689 29.11-6-23
    APU
    126892911623

    Description

    This exceptional retail opportunity is located at 1839 Central Avenue in Colonie, New York, within a vibrant shopping center. The property boasts a total of 24,007 square feet across two suites, situated on a generous 4.1-acre lot in Albany County. Currently, 3,227 square feet of retail space is available, divisible into units ranging from a minimum of 1,110 square feet to a maximum contiguous space of 2,117 square feet. One available space measures 2,080 square feet, while another offers 1,110 square feet. The center enjoys a prime location near the intersection of Central Avenue and Route 155, benefiting from high visibility and convenient access for customers. This well-established shopping center presents a fantastic chance for businesses seeking a strong presence in a thriving Colonie neighborhood. The property's address is 1839 Central Ave, Albany, NY 12205. The convenient location and flexible space options make this an ideal investment for a variety of retail ventures. The property is zoned for retail use and offers ample parking for customers. This is a rare opportunity to secure retail space in a high-traffic area with excellent visibility. Serious inquiries are encouraged to explore this promising investment prospect.

    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
    -73.848
    Latitude
    42.7318
    CBSA code
    10580
    CBSA name
    ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $810,000
    $690,000
    $1,500,000
    -
    $1,588,248
    $1,352,952
    $2,941,200

    Comparable in this City

    • Value Estimation by Request
      20,184 SF

      98 Wolf Rd

      SHOPPING CENTER, STRIP CENTER • 20,184 SF
      98 Wolf Rd, Albany, NY 12205-1291
      View Details
    • Value Estimation by Request
      17,376 SF

      155 Wolf Rd

      SHOPPING CENTER, STRIP CENTER • 17,376 SF
      155 Wolf Rd, Albany, NY 12205-1159
      View Details
    • Value Estimation by Request
      19,742 SF

      110 Wolf Rd

      SHOPPING CENTER, STRIP CENTER • 19,742 SF
      110 Wolf Rd, Albany, NY 12205-1244
      View Details
    • Value Estimation
      $4,515,000
      21,872 SF

      79 Wolf Rd

      SHOPPING CENTER, STRIP CENTER • 21,872 SF
      79 Wolf Rd, Albany, NY 12205-2613
      View Details
    • Value Estimation by Request
      14,000 SF

      145 Wolf Rd

      SHOPPING CENTER, STRIP CENTER • 14,000 SF
      145 Wolf Rd, Albany, NY 12205-1125
      View Details
    • Value Estimation by Request
      7,950 SF

      1 Metro Park Rd

      SHOPPING CENTER, STRIP CENTER • 7,950 SF
      1 Metro Park Rd, Albany, NY 12205-1101
      View Details

    Similar Nearby for Sale

    • $1,450,000
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      Commercial Property with Income Potential

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      14,262 SF

      Colonie Car Dealership Assemblage

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    Similar Nearby for Lease

    • $1,450 /Mo
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      Retail Space Near Home Depot

      Retail space available near Home Depot with high traffic.
      979 Central Ave, Albany, NY 12205
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      Retail property with high visibility and excellent condition for rent.
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      Retail Space Available For Rent

      Endcap retail space available with high traffic counts.
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      24,007 SF

      Central Ave Retail Center

      Colonie, NY Shopping Center Space Available
      1839 Central Ave, Colonie, NY 12205
      View Details
    • Contact for pricing

      Community Retail Center For Lease

      Retail center with national and regional tenants in Albany, NY.
      29 Aviation Rd, Albany, NY 12205
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      Regional Shopping Center Retail Space

      Retail space available in a premier regional shopping center.
      1417-1425 Colonie Ctr, Albany, NY 12205
      View Details
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    Colonie, NY 12205
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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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