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    Property profile & analytics

    1218 Central Ave Albany, NY 12205

    • Office buildings
    • 15,260 SF
    • 1.60 lot acres
    For Lease
    View listing
    $15,600 /Mo
    Value Estimation
    Location Intelligence
    Property ID
    US63-3447532
    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

    • NY Tag & Title To Go / Auto Tag Agency
    • Raimo Auto Tag & Title Inc / Title Company
    • NurseCore / Nursing Agency / Home Health Care Service
    • Schaefer Media & Marketing, Inc. / Advertising Agency
    • 5 Star International Travel Inc. / Travel Agency

    Property Details for 1218 Central Ave

    Year built
    1978
    Lot size
    1.60 lot acres
    Property size
    15,260 SF
    Zone code
    13
    Property type
    Office buildings
    APN
    012689 53.6-3-5
    APU
    1268953635

    Description

    This exceptional office space, located at 1218 Central Ave in Albany, NY, offers two available suites within a larger 15,000 square foot building. Situated in Albany County, zip code 12205, this property presents a fantastic opportunity for businesses seeking flexible and conveniently located office space. The building is a traditional office building with multiple tenants. Two contiguous office suites are immediately available, offering a range of sizes to accommodate various business needs. One suite offers approximately 1,200 square feet, while the other provides approximately 1,600 square feet. The minimum leasable space is 1,200 square feet, with a maximum contiguous space of 2,800 square feet. A total of 2,800 square feet is currently vacant. The monthly gross rent for the 1,200 square foot suite is $1,700, and the 1,600 square foot suite is $1,300 per month. This prime Albany location offers easy access to major transportation routes and amenities, making it an ideal choice for businesses of all sizes. The property's address is 1218 Central Ave, Albany, NY 12205. Inquire today to learn more about this exciting leasing opportunity.

    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
    -73.8083
    Latitude
    42.6951
    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
    $250,000
    $340,000
    $590,000
    -
    $490,212
    $666,688
    $1,156,900

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      OFFICE BUILDING • 31,960 SF
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    1218 Central Ave
    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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