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    Property profile & analytics

    1425 Central Ave Albany, NY 12205

    • Super regional malls
    • 269,366 SF
    • 20.70 lot acres
    For Lease
    View listing
    Value Estimation
    Last Sale
    May 01, 2024
    $28,000,000
    Location Intelligence
    Property ID
    US63-2400094
    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

    • Digifly Marketing / Marketing Agency / Website Designer
    • Sports Zone / Clothing Store / Sports Card Store
    • Virtual Phantoms Inc / Software Company
    • Albany Pizza / Pizza Restaurant
    • Gold Crown Hallmark / Gift Shop / Children'S Store

    Property Details for 1425 Central Ave

    Year built
    1966
    Lot size
    20.70 lot acres
    Property size
    269,366 SF
    Zone code
    16
    Property type
    Super regional malls
    APN
    012689 42.3-1-1
    APU
    1268942311

    Description

    This exceptional retail opportunity is located within the bustling Colonie Center, a premier shopping destination in Albany County. The property boasts a total of 269,366 square feet across three stories, encompassing two available suites ranging from 2,113 to 41,500 square feet. A significant 100,000 square feet is currently vacant, presenting a unique chance for expansion or multi-tenant occupancy. Built in 1966 and renovated in 2000, the building offers a blend of established infrastructure and modern updates. The property sits on a substantial 20.7 acres (901,692 square feet) of land, providing ample space and visibility. With a total of 21,230 parking spaces, customer convenience is ensured. Elevators are available for easy access to all three floors. This high-profile location enjoys exceptional visibility and proximity to key retailers such as Fun City, Whole Foods Market, Sierra Trading Post, and Floor & Décor, guaranteeing high foot traffic and brand synergy. The multiple tenancy option allows for flexibility in lease terms and tenant mix, making this an ideal investment for both established businesses and emerging brands seeking a prime retail location. The property's size and location make it a truly exceptional opportunity within a thriving commercial center.

    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
    -73.8197
    Latitude
    42.7086
    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
    $3,985,000
    $4,515,000
    $8,500,000
    -
    $7,813,741
    $8,852,959
    $16,666,700

    Comparable in this City

    • Value Estimation by Request
      124,500 SF

      1430 Central Ave

      REGIONAL SHOPPING CENTER, MALL • 124,500 SF
      1430 Central Ave, Albany, NY 12205
      View Details
    • Value Estimation by Request
      12,768 SF

      1440 Central Ave

      REGIONAL SHOPPING CENTER, MALL • 12,768 SF
      1440 Central Ave, Albany, NY 12205-5118
      View Details
    • Value Estimation by Request
      89,589 SF

      1814 Central Ave

      REGIONAL SHOPPING CENTER, MALL • 89,589 SF
      1814 Central Ave, Albany, NY 12205-4769
      View Details
    • Value Estimation by Request
      10,216 SF

      15 Wolf Rd

      REGIONAL SHOPPING CENTER, MALL • 10,216 SF
      15 Wolf Rd, Albany, NY 12205
      View Details
    • Value Estimation by Request
      262,422 SF

      19 Wolf Rd

      REGIONAL SHOPPING CENTER, MALL • 262,422 SF
      19 Wolf Rd, Albany, NY 12205
      View Details
    • Value Estimation by Request
      8,610 SF

      1440th Central Ave

      REGIONAL SHOPPING CENTER, MALL • 8,610 SF
      1440th Central Ave, Albany, NY 12205-5056
      View Details

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    Similar Nearby for Lease

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      Retail Space with Long-Term Tenants

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

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    Albany, 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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